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I really hope China adopts some kind of anti-trust regulation sometime soon. This trend of all competitors merging until only one monopolist is left standing, c
by whack 10y ago
I really hope China adopts some kind of anti-trust regulation sometime soon. This trend of all competitors merging until only one monopolist is left standing, can't be good for their consumers, nor the economy.
- msoad 10y agoheh! This is the result of the new policy Chinese government put in place that prohibits ride sharing companies from subsidizing rides to gain market share. It pretty much forced Uber to get out of China! I don't think Chinese government care about anti-trust as long as the monopoly company is from the gang that runs the country.