China's industry ministry has supposedly inquired major tech firms, counting Alibaba Group, Tencent Holdings and Huawei Technologies, to halt blocking access to one another's websites, in what may be the most recent move to crack down on monopolistic behaviours and out of line competition within the country's web sector.
Investigators said that the most recent move by the Ministry of Industry and Information Technology (MIIT) encouraged the specialists to stop monopolistic practices on Chinese web stages.
Analysts included that this would be a substantive move in encouraging network inside the web industry, conducive to keeping up users' genuine rights and interface, whereas building an open and reasonable competition environment for the long-term sound improvement of the industry.
According to Xinhua Finance publication, the MIIT as of late held an authoritative direction assembly on the issue of web firms' link-blocking exercises, amid which the service proposed measures for moment informing administrations, telling them that all stages must be unblocked by a certain time or confront punishments according to law. The MIIT and companies, including Alibaba, Tencent, ByteDance, Baidu and Huawei, have not yet issued a statement to the press regarding this issue.
"After 20 years of rampant growth, a drastic reform of China's internet industry is urgently needed", Zhang Yi, CEO of iiMedia Research Institute, told the Global Times. He said that the monopolistic positions of platforms like Baidu, Alibaba and Tencent have made it troublesome for the industry to seek innovation.
Regulators in previous months have ventured up antitrust supervision components within the web division to arrange a reasonable, open, and more transparent competitive showcase system. "Openness and cooperation are the main themes of our times. By blocking their rivals, the internet giants are ruining their own development prospects. The internet should never develop toward the direction of a local area network," Liu Dingding, a veteran industry analyst, told the Global Times on Sunday.
"It's necessary to tighten regulation in the internet sector, as we have increasingly understood the positive and negative sides of the fast-growing industry. However, we should be cautious in imposing regulations on emerging sectors, such as the industrial internet, to avoid restricting their vitality," Liu Gang said.
