{"id":10816,"date":"2021-01-20T13:39:29","date_gmt":"2021-01-20T13:39:29","guid":{"rendered":"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3118555\/chinas-central-bank-defines-monopoly-first-time-antitrust-curb-worlds"},"modified":"2021-01-20T13:39:29","modified_gmt":"2021-01-20T13:39:29","slug":"chinas-central-bank-defines-monopoly-for-the-first-time-in-antitrust-curb-of-worlds-largest-online-payment-services-market","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/20\/chinas-central-bank-defines-monopoly-for-the-first-time-in-antitrust-curb-of-worlds-largest-online-payment-services-market\/","title":{"rendered":"China\u2019s central bank defines monopoly for the first time in antitrust curb of world\u2019s largest online payment services market"},"content":{"rendered":"China\u2019s central bank has outlined its definitions of monopoly among third-party online payments for the first time, as it moves ahead with a plan to curb the market concentration in the world\u2019s largest fintech market.Any non-bank service provider with half of the market for online transactions, or two entities with a combined two-thirds share, could be subject to\u00a0antitrust\u00a0investigations, according to draft rules released on Wednesday by the People\u2019s Bank of China. Three providers with three\u2026\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3118555\/chinas-central-bank-defines-monopoly-first-time-antitrust-curb-worlds\">South China Morning Post<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>China\u2019s central bank has outlined its definitions of monopoly among third-party online payments for the first time, as it moves ahead with a plan to curb the market concentration in the world\u2019s largest fintech market.Any non-bank service provider with &#8230;<\/p>\n","protected":false},"author":1074,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/10816"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/1074"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=10816"}],"version-history":[{"count":3,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/10816\/revisions"}],"predecessor-version":[{"id":11027,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/10816\/revisions\/11027"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=10816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=10816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=10816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}