Abstract
Significance A major component of last year's regulatory offensive against China's platform economy was antitrust regulation. The revised law seems to reverse Beijing’s previous tack of allowing large national champions to operate in the platform economy, and indicates that greater scrutiny of companies with dominant market positions is on the way. Impacts It will become more difficult for established businesses to make 'killer acquisitions' that eliminate innovative new entrants. Authorities now have the power to hold mergers and acquisitions in limbo indefinitely. Punitive provisions have strengthened, drastically altering businesses’ cost-benefit analyses.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
