{"id":11255,"date":"2021-01-21T13:01:45","date_gmt":"2021-01-21T13:01:45","guid":{"rendered":"https:\/\/www.scmp.com\/tech\/policy\/article\/3118724\/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new"},"modified":"2021-01-21T13:01:45","modified_gmt":"2021-01-21T13:01:45","slug":"do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/21\/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new-regulation-leaves-experts-guessing\/","title":{"rendered":"Do fintech giants Alipay and WeChat Pay have monopoly power? China\u2019s new regulation leaves experts guessing"},"content":{"rendered":"A new regulation drafted by China\u2019s central bank, which seeks to determine whether nonbank institutions qualify as monopolies, has analysts and legal scholars pondering on the potential of Ant Group\u2019s Alipay and Tencent Holdings\u2019 WeChat Pay being subject to penalties or broken up.The draft, which was published on Thursday to solicit public feedback through February 19, uses both \u201cnonbank payment service market\u201d and \u201cnationwide electronic payments market\u201d to refer to different markets. How the\u2026\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.scmp.com\/tech\/policy\/article\/3118724\/do-fintech-giants-alipay-and-wechat-pay-have-monopoly-power-chinas-new\">South China Morning Post<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>A new regulation drafted by China\u2019s central bank, which seeks to determine whether nonbank institutions qualify as monopolies, has analysts and legal scholars pondering on the potential of Ant Group\u2019s Alipay and Tencent Holdings\u2019 WeChat Pay being subje&#8230;<\/p>\n","protected":false},"author":1111,"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\/11255"}],"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\/1111"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=11255"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/11255\/revisions"}],"predecessor-version":[{"id":11256,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/11255\/revisions\/11256"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=11255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=11255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=11255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}