China's Market Regulator Urges Online Platforms to Adhere to Regulations

China's market regulator has called upon major online platform companies to ensure compliance with existing laws and regulations. Bloomberg posted on X that the directive was issued on Friday, emphasizing the need for these companies to curb their promotional activities. The move is part of a broader effort by Chinese authorities to tighten oversight of the digital economy and ensure fair market practices. The regulator's actions reflect ongoing concerns about the influence and practices of large online platforms in the country's rapidly growing digital sector.