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China Should Rein in 'Unregulated Expansion' of Ecommerce: Herald

CHINA PRESS
MNI (Sydney)

China should enhance laws on data property rights to protect personal and commercial data and rein in the unregulated expansion of platform companies, many of which take advantages of loopholes to abuse rights of consumers, said the 21st Century Business Herald in the editorial. MNI noted that a chorus of state media has criticized the ecommerce industry after President Xi Jinping this week signaled further crackdown on privately owned online giants such as Alibaba Group and Meituan Inc., whose sprawling businesses provide essential services such as delivery and online shopping. Large so-called platform companies have expanded into multiple industries and overwhelmed smaller businesses, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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