SHANGHAI: China has warned top e-commerce platforms including Alibaba and JD.com to stop practices that could be deemed as monopolistic, as industry frictions grow ahead of the country's banner Singles Day shopping event on Nov 11.
Competition for shoppers among China's top e-commerce platform has been heating up as the world's second-largest economy grapples with a slowdown. Singles Day, the country's biggest shopping event of the year, is also a very competitive event, with platforms rolling out various promotions. "For example, platform competition is intensifying and the problem of the"choosing one from two" practice has emerged, which has attracted the concern of many parties," it said, adding that the practice violated anti-monopoly and e-commerce laws.Two units of JD.com filed a lawsuit in the Beijing high court against Alibaba's Tmall demanding that the latter pay it compensation and apologize for using such agreements and abused its market dominance.
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