Regulators warn platforms to stop subsidy wars
Subscribe to keep reading.
Trivium Tech keeps you briefed on the latest developments in China tech policy.
Already a subscriber? Log in.
What happened: On February 13, market regulators summoned major internet platforms and told them to stop “involution-style” competition – the official term for endless, self-defeating price wars. Representatives from key tech platforms attended the meeting, including:
Alibaba and its food delivery ...