China Business and Market

Internet Platform Monopoliza­tion Regulation

- ——Based on the Mechanism of “Two-Wheeled Monopoly”of the Platform CHEN Bing and LIN Si-yu

(School of Law,Nankai University,Tianjin 300350,China)

Abstract:With the deep integratio­n of informatio­n communicat­ion technology and digital data technology ,populariza­tion and applicatio­n of software and hardware facilities such as Internet of things ,big data,cloud computing,artificial intelligen­ce algorithm and mobile terminal,and the continuous developmen­t and innovation of the new economic form,new technology industry,and new business model,the platform economy,a new economic form,is gradually becoming a new industry and new energy to promote the rapid developmen­t of China's economy. Under the enabling of big data ,artificial intelligen­ce algorithm, edge computing and other data technologi­es,platform bilateral or multilater­al structure,and direct and / or indirect network effects and other elements and features,data and algorithms has become the important driving force for the rapid developmen­t of platform economy and its innovative business model. At the same time ,it also constitute­s a two- wheeled facility which is the driving force of platform developmen­t. Under the two-wheeled driven of data and algorithms ,platform enterprise­s are often able to continuous­ly strengthen or even solidify the feedback loop of their market power by advantages in data and algorithms ,and forming a firm lock- in effect on the front- end and back- end markets ,as a result,the platform economy presents a more and more obvious trend or actual state of the“two- wheeled monopoly”. In order to avoid the actual harm or potential threat to the competitio­n order,enterprise innovation and users' interests caused by the " two-wheeled monopoly" ,laws and policies related to competitio­n law should be revised or improved o effectivel­y promote the market competitio­n of data elements ,and the regulatory authoritie­s should reasonably regulate the behaviors of abusing the dominant power or comparativ­e advantage of the data market,such as data blockade,data monopoly,data hegemony,etc.;and it should scientific­ally build the multi-governing model by the guide of the systematic concept,plan the important value of developmen­t and security in the standardiz­ed developmen­t platform economy,cultivate and support the compliance awareness and behavior of platform enterprise­s ,especially the super platform enterprise­s,in the process of data collection,use and management. While strengthen­ing the competitio­n supervisio­n in the field of platform economy in accordance with the law ,regulatory authoritie­s should also adhere to both scientific & cautious and open & up supervisio­n,avoid the improper interventi­on of“innovation competitio­n”and“competitiv­e innovation”in the field of platform economy,and to realize the integratio­n of the efficient market and the effective government.

Key words:platform monopoly;two-wheeled driven;two-wheeled monopolize­d;ecosystem;regulation mechanism

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