"We will continue to strengthen the supervision of anti-monopoly and anti-unfair competition"
Internet giants because of the advantages of capital, continue to enter a variety of emerging industries, think of the previous shared bicycles to the current community group purchase, and then to the future may intervene in the flower supply chain (Hema and Kunming Flower Auction set up a flower supply chain company), once two or more giants into a certain industry, you live and die market competition begins, the price war is difficult to avoid, after a competition, the winner is getting bigger and bigger, the loser cut meat to withdraw or be merged and acquired, over time to form a monopoly situation, breeding monopoly. Offline entity operators are even more miserable and face severe challenges.
In April this year, Alibaba was fined 18.228 billion yuan by the State Administration for Market Regulation for "choosing one of the two", and the supervision of the giants was wave after wave, followed by the State Administration for Market Regulation, which filed a case against Meituan for implementing suspected monopolistic behaviors such as "choosing one of the two" according to the report, and the amount of the fine was unknown. Alibaba's fine was based on 4% of China's domestic sales of 455.712 billion yuan in 2019, totaling 18.228 billion yuan. The author reviewed the financial statements of Meituan in 2019:
The three major parts of 54.8 billion yuan, 22.3 billion yuan, 20.4 billion yuan, a total of 97.5 billion yuan, after deducting the estimated output tax, sales are estimated to be about 80.9 billion, according to Alibaba's fine standards, I am afraid that the Meituan will have to eat a fine of about 3.2 billion yuan, bocom international is even more reported that the administrative penalty range of the METUan is estimated to be 4 billion -12 billion yuan, a huge amount.
Meituan's adjusted net profit in 2019 was 2.236 billion yuan, and its adjusted net profit in 2020 was 4.71 billion yuan. This is compounded by an adjusted net loss of $2.217 billion in the second quarter of this year, coupled with fines...
But this is a shot in the arm for building a fair, unified, open, competitive and orderly market system. The attitude of the regulator to the giants in the market has been obvious, the market can develop benignly, give more opportunities for everyone, and common prosperity is what everyone wants to see.
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