China amends Anti-Monopoly Law for the first time amid tech crackdown, increasing penalties and regulatory control

china amends anti monopoly law for the first time amid tech crackdown increasing penalties and regulatory control
The national flag flies outside the China Securities Regulatory Commission (CSRC) office building on Beijing's Financial Street on December 18, 2019. A new amendment to the country’s Anti-Monopoly Law, expected to go into effect next year, could have Big Tech companies facing much higher penalties for abusing market power or failing to disclose mergers. Photo: SCMP/Simon Song The national flag flies outside the China Securities Regulatory Commission (CSRC) office building on Beijing's Financial Street on December 18, 2019. A new amendment to the country’s Anti-Monopoly Law, expected to go into effect next year, could have Big Tech companies facing much higher penalties for abusing market power or failing to disclose mergers. Photo: SCMP/Simon Song

The national flag flies outside the China Securities Regulatory Commission (CSRC) office building on Beijing’s Financial Street on December 18, 2019. A new amendment to the country’s Anti-Monopoly Law, expected to go into effect next year, could have Big Tech companies facing much higher penalties for abusing market power or failing to disclose mergers. Photo: SCMP/Simon Song

South China Morning Post

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