On January 5, the State Administration for Market Regulation made another heavy blow, announcing 13 administrative punishment decisions for failure to declare illegal concentration of undertakings in accordance with the law, including Alibaba, Tencent, Station B Hisense and other enterprises. After investigation, the above-mentioned cases all violated Article 21 of the Anti-Monopoly Law of the People's Republic of China, constituting the failure to declare the illegal implementation of the concentration of undertakings in accordance with the law, and the assessment found that it did not have the effect of eliminating or restricting competition. With the advancement of information technology, the emerging Internet enterprise platform injected with capital power has developed rapidly. Objectively speaking, it has indeed brought progress to social and economic development, provided a large number of emerging jobs, and injected living water into the economy. But this cannot be a reason for its willful disregard for the law and the formation of monopoly willful behavior. Everyone is equal before the law, and it cannot be said that the law is effective for traditional economic forms, but it is ineffective for emerging economic formats. It cannot be said that it has a certain role in promoting, and it can be developed arbitrarily, regardless of the negative effect after the formation of a monopoly.
Monopoly means stifling innovation, and the large platform uses its dominant position to suppress the latecomers, which is only beneficial to its own development, and plays a negative role in the overall social development, which is not conducive to the interests of most people. Because of this, both at home and abroad, we maintain a high degree of vigilance against monopolistic behavior. The positive role of capital needs to be amplified and protected, and its profit-seeking and greedy nature need to be controlled by law.
Recently, the relevant departments have increased the punishment for monopolistic behavior, that is, to set rules for capital. Frankly speaking, in the past for a long time, China's supervision in the Internet and other fields has lagged behind, resulting in the accumulation of hidden risks, and now the introduction of relevant normative policies, more from the perspective of avoiding social risks to control the negative role of capital, rather than blindly curbing the development of capital factors, its essence is not only not a restriction on capital, but also to suppress Internet capital, but to vigorously encourage, support and guide the healthy development of the non-public economy Needs and embodiment. (Workers Daily)

Source: Workers Daily