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BizBeat Ep.29: China cracks down on Big Tech monopoly
01:57

China's central bank has defined monopoly for the first time in an antitrust curb of the world's largest online payment market. In the latest draft rules released by the People's Bank of China, any non-bank payment company with half of its market in online transactions or two entities with a combined two-thirds share could be subject to an antitrust probe. If a monopoly is confirmed, the central bank can suggest imposing restrictive measures. Why are antitrust laws necessary in the internet sector? Here's CGTN anchor Kate Kui to bring you more insight.

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