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JD.com, Baidu Pledge to Comply With Chinese Regulator's Antitrust Order
JD.com, Baidu Pledge to Comply With Chinese Regulator's Antitrust Order
DJ JD.com, Baidu Pledge to Comply With Chinese Regulator's Antitrust Order
By Martin Mou
More than 10 Chinese internet companies have fallen in line with an official directive to rectify their monopolistic business practices, as Beijing's push to rein in the country's tech giants that started with a probe late last year into Alibaba Group Holding Ltd. shows few signs of abating.
TikTok owner ByteDance, e-commerce company JD.com Inc. and search company Baidu Inc. are among a dozen companies that have pledged to conduct "lawful and compliant operations," the State Administration for Market Regulation, China's top market regulator, said Wednesday.
In a detailed list of actions that will be undertaken, these companies said they would ban monopolistic practices and work to ensure fair competition.
The regulator gave the order at a Tuesday meeting that summoned 34 internet companies, asking them to carry out a comprehensive revamp of their operations and correct any illegal behavior within the next month.
Other companies summoned included Tencent Holdings and Meituan. The market regulator said it will publish the pledges of the other companies over the next two days.
The meeting took place just a few days after authorities slapped a record antitrust fine of $2.8 billion on Alibaba for abusing its dominance in the e-commerce market.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
April 13, 2021 23:35 ET (03:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
DJ JD.com, Baidu Pledge to Comply With Chinese Regulator's Antitrust Order
DJ京东,百度承诺遵守中国监管机构的反垄断命令
By Martin Mou
作者:马丁·缪尔(Martin Mou)
More than 10 Chinese internet companies have fallen in line with an official directive to rectify their monopolistic business practices, as Beijing's push to rein in the country's tech giants that started with a probe late last year into Alibaba Group Holding Ltd. shows few signs of abating.
中国已有10多家互联网公司遵守了一项要求整顿其垄断商业行为的官方指示。中国政府从去年年底对阿里巴巴集团(Alibaba Group Holding Ltd.)展开调查开始,对国内科技巨头的控制力度几乎没有减弱的迹象。
TikTok owner ByteDance, e-commerce company JD.com Inc. and search company Baidu Inc. are among a dozen companies that have pledged to conduct "lawful and compliant operations," the State Administration for Market Regulation, China's top market regulator, said Wednesday.
中国最高市场监管机构国家市场监管总局周三表示,TikTok的所有者字节跳动(ByteDance)、电商京东(JD.com Inc.)和搜索公司百度(Baidu Inc.)等十几家公司承诺开展“合法合规的运营”。
In a detailed list of actions that will be undertaken, these companies said they would ban monopolistic practices and work to ensure fair competition.
在一份将采取的行动的详细清单中,这些公司表示,他们将禁止垄断行为,并努力确保公平竞争。
The regulator gave the order at a Tuesday meeting that summoned 34 internet companies, asking them to carry out a comprehensive revamp of their operations and correct any illegal behavior within the next month.
监管机构在周二的一次会议上发布了这一命令,会议召集了34家互联网公司,要求它们对运营进行全面整顿,并在下个月内纠正任何违法行为。
Other companies summoned included Tencent Holdings and Meituan. The market regulator said it will publish the pledges of the other companies over the next two days.
其他被传唤的公司包括腾讯控股控股和美团。市场监管机构表示,将在未来两天公布其他公司的承诺。
The meeting took place just a few days after authorities slapped a record antitrust fine of $2.8 billion on Alibaba for abusing its dominance in the e-commerce market.
就在几天前,当局因阿里巴巴滥用其在电子商务市场的主导地位,对其处以创纪录的28亿美元反垄断罚款。
Write to Martin Mou at martin.mou@wsj.com
写信给Martin Mou,电子邮件:martin.mou@wsj.com
(END) Dow Jones Newswires
(完)道琼通讯社
April 13, 2021 23:35 ET (03:35 GMT)
2021年4月13日23:35美国东部时间(格林尼治标准时间03:35)
Copyright (c) 2021 Dow Jones & Company, Inc.
版权所有(C)2021年道琼斯公司
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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