Updated: 4 21,2021

China ordered 34 internet corporations to rectify their anti-competitive practices within the next month, signaling that Beijing's scrutiny of its most powerful firms hasn't ended with the conclusion of a probe into Alibaba Group Holding Ltd. These firms must undergo complete rectification after conducting internal checks and inspections over the next month, and make a pledge to society to obey rules and laws, according to the antitrust watchdog.

——China Warns 34 Tech Firms to Curb Excess in Antitrust Review, by Bloomberg


Strengthening Internet platform regulation showcases China's efforts to enhance the law enforcement of anti-monopoly, which will further rectify the market orders, optimize the business environment and promote the high-quality economic development.