The Zhitong Finance App learned that on September 15, the State Administration of Market Regulation and the Ministry of Culture and Tourism held an administrative guidance meeting for the online hotel reservation platform service industry. The meeting demanded that all platform companies should strictly abide by the “Anti-Monopoly Law of the People's Republic of China”, “Anti-Unfair Competition Law of the People's Republic of China”, “E-Commerce Law of the People's Republic of China”, and “Tourism Law of the People's Republic of China”, etc., and use case as a guide, comparative self-inspection, and consciously prevent and resolve “internal issues” and competitive risks such as exclusive cooperation and “the lowest price on the entire network”. It is necessary to enhance awareness of compliance, establish a firm bottom line for compliant management and safe development, improve long-term compliance mechanisms, jointly create a market order with high quality, high prices and healthy competition, effectively safeguard the legitimate rights and interests of consumers, and promote the win-win development of various players within the platform ecosystem.

The Zhitong Finance App learned that on September 15, the State Administration of Market Regulation and the Ministry of Culture and Tourism held an administrative guidance meeting for the online hotel reservation platform service industry. The meeting demanded that all platform companies should strictly abide by the “Anti-Monopoly Law of the People's Republic of China”, “Anti-Unfair Competition Law of the People's Republic of China”, “E-Commerce Law of the People's Republic of China”, and “Tourism Law of the People's Republic of China”, etc., and use case as a guide, comparative self-inspection, and consciously prevent and resolve “internal issues” and competitive risks such as exclusive cooperation and “the lowest price on the entire network”. It is necessary to enhance awareness of compliance, establish a firm bottom line for compliant management and safe development, improve long-term compliance mechanisms, jointly create a market order with high quality, high prices and healthy competition, effectively safeguard the legitimate rights and interests of consumers, and promote the win-win development of various players within the platform ecosystem.