From the beginning of the dispute between the State Administration for Industry and Commerce and Ali, one important little detail lingered along the way, that is, is it a monopoly if forced to choose one or not?
Now, the answer is clear.
On October 31, Vice Premier of the State Council and Director of the Financial Committee Liu He proposed at a special meeting of the Financial Stability and Development Committee of the State Council to strengthen anti-monopoly and anti-unfair competition law enforcement and justice, and establish a basic system and standard norms for data resource property rights.
On November 5th, the State Administration for Market Regulation held a “Symposium on Regulating the Administrative Guidance of Network Operation Activities” in Hangzhou, convening more than 20 platform companies including JD, Pinduoduo, Suning, and Ali to participate in the conference. Among the problems that existed in the event, the top one was “intensified platform competition and the issue of’choose one out of two'”.
At this symposium, the Big Three’s statements were very interesting. The relevant person in charge of JD.com stated that they would firmly resist “choosing one of the other” and would never restrict merchants from doing promotional activities on other platforms.
Relevant persons in charge of Pinduoduo said they were under pressure from “choosing one of two”.
The relevant person in charge of Ali said: “Because of the scale effect, we cooperate with excellent merchants to provide consumers with the best consumption experience and the lowest price. At the same time, the platform provides these merchants with the best traffic resources, forming a multi-party benefit pattern. But There are always some competitors who maliciously elaborate on this exclusive cooperation model, which is a malicious hype.”
The frustrated anger of Jingdong and Pinduoduo was finally relieved, but Ali’s unwillingness went straight through the paper.
On November 6, the three departments of the State Administration for Market Regulation, the Central Cyberspace Administration of China, and the State Administration of Taxation jointly convened an administrative guidance meeting on regulating online economic order.
See clearly, it is the three departments, including the tax department. The e-commerce tax advantage is expected to disappear soon, which is another fatal blow.
All the Internet companies with a reputation have participated. JD.com, Meituan, 58.com, Baidu, Qihoo 360, Sogou, Bytedance, Kuaishou, Didi, Weidian, Sina Weibo, Duodian, Shell Finding a Room, Pinduoduo, Gome Online, Are you hungry, Xiao Representatives of 27 major Internet platform companies including Red Book, Ctrip, Suning, Tongcheng, Alibaba, Beibei.com, Yunji.com, Mogujie, Xingshengyou, Vipshop and Tencent attended the meeting.
Alibaba single-handedly picked up Yan Liang’s drama, and it is estimated that it will never be staged again.
The first two meetings were more like briefing sessions, and sure enough, the documents came.
On November 10, the State Administration for Market Regulation issued the “Guidelines for Anti-Monopoly in the Field of Platform Economy (Draft for Comment).”
According to this guide, “platform economy” refers to “an economic form in which the Internet platform coordinates and organizes the allocation of resources”, and all are included. As long as the Internet platform is related to the online economy, it will be within the scope of supervision.
The content involves the controversial definitions of “choose one of two”, “big data”, and “tying”. Special consideration will be given to the turnover and VIE of the declaration standards for operator concentration, and the Internet platform economy is formally anti-monopoly.
At the Politburo meeting on December 11, the theme was to analyze and study economic work in 2021, but what the market values most is the sentence, “Strengthening anti-monopoly and preventing the disorderly expansion of capital.”
Such an expression is the first time ever. This is also the first time since the Anti-Monopoly Law came into force in 2008 that the Politburo of the CPC Central Committee clearly stated that it would strengthen anti-monopoly.
Not long ago, on November 30, the Political Bureau of the Central Committee held the 25th collective study on strengthening my country’s intellectual property protection work, and it also mentioned “doing a good job in intellectual property protection, anti-monopoly, and fair competition review.” The central government sets the tone to strengthen anti-monopoly and prevent the disorderly expansion of capital.
On December 12, the “People’s Daily” made a shot and spoke thoroughly.
In the current era and in the longer-term future, the ability to innovate in science and technology and the ability to master core technologies in key areas has become a key element of national competition and long-term development. If you just look down at sixpence and cannot look up at the moon and launch technological innovations that will win the long-term future, then no amount of traffic and more data will be transformed into hard-core scientific and technological achievements, and it will be difficult to change our core technology. Passive position.
Internet giants with massive amounts of data and advanced algorithms should have more responsibility, more pursuits, and more accomplishments in technological innovation. Don’t just worry about the flow of a few bundles of cabbage and a few kilograms of fruit, the stars and oceans of technological innovation, and the infinite possibilities of the future, are actually even more exciting.
Internet giants have strong financial resources, a large amount of data resources, and leading digital technology. People expect the giants not only to innovate in business models, but also to assume the responsibility of promoting technological innovation.
The words are very straightforward.
You have so much money and so many talents. Is it okay to do some real innovation in the industrial chain? Is it good to learn from Tesla and Huawei? Business model innovation all the time to squeeze the shop down. What can you do?
You have made so much money, and you should also contribute to the transformation of China’s real economy. Don’t be so vain or grab business with small vendors.A scholar named Nie Huihua said:
“To be honest, China’s e-commerce is already very powerful. It takes advantage of China’s demographic dividend and diversified scenarios. But these Internet giants should have social responsibility. They also have this strength. They have money, people, and rich applications. The scene should have a greater responsibility. Why not gnaw on those hard bones in technology? Why always compete with ordinary people in things that are “low-end” selling vegetables and do not have too much technical content? This is a A good opportunity for reflection.”
Ten years ago, I heard these words at a seminar in the retail department store industry. At that time, no one regarded it as a thing except for offline sales. Now, such sounds converged into a huge wave.
The model and thinking have changed.
On December 12, a message spread widely on social networks.
Ali will completely withdraw from community group buying. Meituan Wang Xing and Pinduoduo Huang Zheng have all stated that they will also withdraw from community group buying.
The news was quickly clarified. Alibaba’s Hema replied: “rumors”; Pinduoduo replied: “this news is endless”; Meituan replied “rumors”.
Whether it is rumors or not, there is no basic technology, no integration with industry, only business model innovation, this road was originally very smooth, but now it is blocked by a few huge rocks.
Ali began to decline on October 27, Meituan began to decline on November 9, and Pinduoduo’s stock price began to decline on December 9.
From finance to anti-monopoly, Ali is on the cusp of the storm.
Sooner or later, these companies will be integrated with the entity. If they are not integrated, they will not be able to do something useful for the entity.