Li: Chinese platform fines targeted exclusive vendor lock-in agreements
Lillian Li · Tech in china, from inside and outside · Jun 29, 2021 · at 43:12
VC Lillian Li explains the regulatory crackdowns and antitrust fines against Chinese tech giants Alibaba and Meituan.
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“So if you're a supplier to Alibaba, you can't go on Pinduoduo or JD. They would sometimes make you sign an inclusive, exclusive agreement with them, which would be very, you know, anti-competitive in most parts of the world. But they've managed to sort of have these until very recently. So that's what all the finds on Alibaba and Meituan have been about.”
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