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Douyin, PDD, Alipay Attend CN SAMR's Meeting with Platform Operators to Back Individual Businesses
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China's State Administration for Market Regulation (SAMR) held a meeting with platform operators to support the development of individual businesses. Representatives from individual businesses, platform operators, and financial institutions engaged in in-depth discussions to understand the challenges faced by individual businesses and to provide suggestions for platform operators to support their development. Companies such as RedNote, Alipay, Douyin, Pinduoduo (PDD.US), and BANK OF CHINA (03988.HK)(601988.SH) participated in the discussions. The meeting highlighted that platform operators are a paramount component of the private economy and can assist and underpin the development of individual businesses in areas such as digital empowerment, traffic support, and market expansion. Platform operators are encouraged to introduce more pragmatic measures to support individual business development based on their characteristics. AASTOCKS Financial News Website: www.aastocks.com |
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