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China tech

China readies wider antitrust law to cover internet companies

Platforms like Alibaba, Tencent and Baidu grow increasingly dominant

Chinese internet groups face the prospect of strong antitrust regulation as they expand their roles in the digital economy.

BEIJING -- China's competition regulator looks to extend the country's antitrust law to internet businesses, as leading players like Alibaba Group Holding and Tencent Holdings expand their influence in the digital economy.

The draft legislation, announced Thursday by the State Administration for Market Regulation, would expand the definition of what constitutes a dominant position with potential to harm competition. Companies' ability to collect and process data has been added to the criteria, as well as the scale of their internet operations and first-mover advantage.

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