China's Market Regulator to Advance Platform Economy via Three Work Streams
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The direction of the E-Commerce Law amendment and the platform rules negative list will directly affect onboarding review, information control and compliance costs for online travel platforms, OTAs and merchants, so affected companies should track implementation timing.
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- China Tourism NewsChina's Market Regulator to Advance Platform Economy via Three Work Streams
At the State Council Information Office's "15th Five-Year Plan" themed press conference on September 20, Zhu Jianqiao, director of the market regulator's online transaction supervision department, outlined three work streams for the platform economy. First, improving legal rules by accelerating amendment of the E-Commerce Law, adding penalties such as proportional fines and suspension of related business, tightening platform duties on merchant onboarding review, product information control, consumer safety and merchants' operating rights, and bringing new-format e-commerce operators, new employment forms and platform-related entities into scope. Second, raising routine supervision by advanc…