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compliance is a compulsory course and development is a must-answer question

2024-09-04

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"alibaba group has completed three years of rectification," "has completely stopped the 'choose one of two' monopolistic behavior," "the compliance rectification work has achieved good results"... recently, the state administration for market regulation announced the supervision of alibaba group's compliance rectification, and released a positive signal in the situation report to support and encourage the standardized, healthy and sustainable innovative development of the platform economy.
at the same time, the second half of the administrative penalty decision is also of concern - "an administrative guidance letter was issued to alibaba group, requiring it to carry out comprehensive rectification in terms of strictly implementing the main responsibilities of platform enterprises, strengthening internal control and compliance management, maintaining fair competition, and protecting the legitimate rights and interests of merchants and consumers on the platform, and submitting self-inspection compliance reports to the state administration for market regulation for three consecutive years."
looking back to 2020, some platform companies had a series of chaos such as forced "choose one of two", big data "killing familiarity", and infringement of consumer privacy. in order to create a good market environment for fair competition, strengthen anti-monopoly competition, and prevent the disorderly expansion of capital, in april 2021, the state administration for market regulation made an administrative penalty decision on alibaba group's abuse of its dominant market position in accordance with the law, ordering it to stop illegal activities and impose a fine. over the past three years, alibaba group has carried out comprehensive rectification and submitted self-inspection compliance reports year by year. on this basis, the state administration for market regulation conducted an in-depth review of its rectification implementation and commissioned a third-party agency to conduct an evaluation of the effectiveness of law enforcement. today, the state administration for market regulation has chosen to announce the compliance rectification of alibaba group to the public, which is not only an affirmation of its rectification results, but also to let the public know the latest progress, and to further spread and strengthen the awareness of compliance operations through open and transparent law enforcement procedures.
in terms of governance effects, my country's online retail market environment has been significantly improved, the fair competition order has been effectively restored, the competition vitality between platforms has been significantly improved, the quality of platform economic development and the business environment have been continuously optimized, the awareness of compliance development has been deeply rooted in the hearts of the people, and the protection of consumer rights has also been significantly enhanced. taking alibaba group as an example, the company has established a compliance and risk committee at the board level and launched functions such as transaction order data encryption and privacy number protection.
it is important to emphasize that my country attaches great importance to and has always supported the innovative development of platform companies, and has repeatedly stressed that standardized development is for better development. however, there is a certain misunderstanding in the internet public opinion field, where "standardization" is emphasized, while "development" is selectively ignored. this time, the regulatory authorities announced the compliance rectification of alibaba group, allowing people to see the effectiveness of "standardized development".
over the past three years, my country has gradually established and improved a normalized regulatory mechanism for the platform economy, built a series of anti-monopoly compliance governance systems, and formed a combination of rigid law enforcement with flexible supervision and preventive supervision. regulatory systems such as the "three letters and one notice" have provided a chinese solution for anti-monopoly supervision and enforcement.
compliance is a compulsory course, and development is a must-answer question. from the filing and closing of the case against alibaba group to the announcement of the completion of rectification, as alibaba group said in its response, "this is a new starting point for development", the industry has also generally felt positive signals.
the platform economy is a product of innovation and an important engine for promoting high-quality economic development. the third plenary session of the 20th cpc central committee proposed to promote the innovative development of the platform economy and improve the normalized supervision system of the platform economy. as a representative enterprise of my country's platform economy, alibaba group has completed rectification, but it still faces many new challenges. the competition landscape is changing, the international and domestic market environment is changing, and consumer demand is also changing. the platform economy has reached a critical stage of transformation and upgrading, and platform enterprises need to reform and innovate.
we hope that alibaba group and other platform companies will find a new strategic positioning and direction, develop with ease, start again with renewed vigor, continue to focus on innovation, adhere to compliant operations, increase investment in science and technology, promote the healthy development of the platform economy, and create more value for society. (source: economic daily author: she ying)
source: economic daily
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