China market regulators and eight platforms sign pact to support individual businesses
On September 17, under China's State Administration for Market Regulation, regulators from seven provinces and eight platform companies—including Douyin Life Services, Meituan, and Alipay—signed a Framework Cooperation Agreement to support individual businesses. The pact focuses on startup assistance, digital empowerment, and innovation demonstrations, aiming to scale online business development for individual operators.
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China's SAMR and Seven Provinces Sign Agreement with Eight Platforms to Boost Individual Businesses
On September 17, under the guidance of China's State Administration for Market Regulation (SAMR), market regulation authorities from seven provinces, autonomous regions, and municipalities—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—along with the National Individual Industrial and Commercial Households Development Network, signed a Framework Cooperation Agreement with eight platform enterprises. The platforms include 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Purchase, Taotian Group, Xiaohongshu, and Alipay. The agreement establishes communication and work advancement mechanisms focusing on startup assistance, key cultivation, capacity building, digital empowerment, and innovation demonstrations for individual industrial and commercial households. Both parties stated they would use the signing as an opportunity to strengthen exploration and innovation, promote complementary advantages and resource integration, and empower the online business development of individual industrial and commercial households at scale, setting examples for wider implementation.
Read sourceChina's Market Regulators Sign Cooperation Agreement with Eight Platform Companies to Boost Individual Businesses
On September 18, under the guidance of China's State Administration for Market Regulation (SAMR), market regulation bureaus from seven provinces and municipalities—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—along with the 'National Individual Business Development Network' and eight major platform enterprises, signed a Framework Agreement on Cooperation to Promote the Development of Individual Businesses. The signatory platforms include 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Sale, Taotian Group, Xiaohongshu, and Alipay. The agreement aims to deepen cooperation between regulators and platforms to support individual businesses in expanding online operations. It establishes communication and work advancement mechanisms focusing on startup assistance, key cultivation, capacity building, digital empowerment, and innovation demonstration. The initiative is designed to generate collaborative outcomes benefiting the broad base of individual business operators in China.
Read sourceChina Market Regulators and Platforms Sign Pact to Support Individual Businesses
On September 17, under the guidance of China's State Administration for Market Regulation (SAMR), market regulation authorities from seven provinces and municipalities—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—along with the National Individual Business Development Network and eight major platform enterprises, signed a Framework Agreement on Cooperation to Promote the Development of Individual Businesses. The signatory platforms include 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Sale, Taotian Group, Xiaohongshu, and Alipay. The agreement aims to implement central government directives on promoting win-win development among platforms, operators, and workers, and to provide targeted assistance to individual businesses. It establishes communication and work promotion mechanisms focusing on startup support, capacity building, digital empowerment, and innovation demonstrations. Both parties stated they would use the agreement to strengthen cooperation, integrate resources, and empower the online business development of individual businesses at scale, setting examples for broader implementation.
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China Market Regulators and Eight Platform Firms Sign Pact to Support Individual Businesses
On September 17, under the guidance of China's State Administration for Market Regulation (SAMR), market regulation authorities from seven provinces and municipalities—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—signed a Framework Cooperation Agreement with the 'National Network for the Development of Individual Businesses' and eight major platform enterprises: 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Purchase, Taotian Group, Xiaohongshu, and Alipay. The agreement aims to implement central government directives on promoting win-win development among platforms, operators, and workers, and providing precise support for individual businesses through classification. It seeks to deepen cooperation between regulators and platforms, focusing on startup assistance, key cultivation, capacity building, digital empowerment, and innovation demonstrations. Both parties will establish communication and work advancement mechanisms to generate benefits for individual businesses.
Read sourceChina market regulators and eight platform firms sign agreement to support individual businesses
On September 17, under the guidance of China's State Administration for Market Regulation (SAMR), market regulation bureaus from seven provinces and municipalities—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—along with the National Individual Business Development Network and eight major platform enterprises, signed the Framework Agreement on Cooperation to Promote the Development of Individual Businesses. The signatory platforms include 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Purchase, Taotian Group, Xiaohongshu, and Alipay. The agreement aims to implement central government directives on promoting win-win development among platforms, operators, and workers, and to provide precise support for individual businesses through typological classification. It establishes communication and work advancement mechanisms focusing on startup assistance, key cultivation, capacity building, digital empowerment, and innovation demonstrations. The goal is to generate cooperative outcomes that benefit the broad base of individual businesses in China.
China Market Regulators and Platforms Sign Agreement to Support Individual Businesses
On September 17, under the guidance of China's State Administration for Market Regulation (SAMR), market regulation authorities from seven provinces and municipalities—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—signed a Framework Cooperation Agreement with eight platform enterprises, including 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Sale, Taotian Group, Xiaohongshu, and Alipay. The agreement aims to implement central government directives on promoting win-win development among platforms, operators, and workers, and to provide precise support for individual businesses through typological classification. Both parties will establish communication and work advancement mechanisms focusing on startup assistance, key cultivation, capacity building, digital empowerment, and innovation demonstrations. They expressed commitment to leveraging the agreement to strengthen exploration and innovation, promote complementary advantages, and empower the online business development of individual businesses at scale, setting examples for broader implementation.
Read sourceChina Market Regulators Sign Cooperation Agreement with Eight Major Platform Companies
On September 17, under the guidance of China's State Administration for Market Regulation (SAMR), market regulation authorities from seven provincial-level regions—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—along with the National Individual Industrial and Commercial Households Development Network, signed a Framework Cooperation Agreement with eight platform enterprises. The signatory platforms include 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Purchase, Taotian Group, Xiaohongshu, and Alipay. The agreement establishes communication and work advancement mechanisms to support individual industrial and commercial households through startup assistance, key cultivation, capacity building, digital empowerment, and innovation demonstration. Both parties stated they would use the agreement to strengthen exploration and innovation, promote complementary advantages and resource integration, and empower the online business development of individual businesses in a scaled and impactful manner, aiming to set examples for broader implementation.
Read sourceChina Market Regulators Sign Agreements with Douyin, Meituan to Support Individual Businesses
On September 17, under the guidance of the State Administration for Market Regulation (SAMR), market regulation bureaus from seven Chinese provinces and municipalities—Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan—along with the National Individual Business Development Network and eight platform companies including 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Sale, Taotian Group, Xiaohongshu, and Alipay, jointly signed the Framework Agreement on Cooperation to Promote the Development of Individual Businesses. The agreement aims to implement central government directives on promoting win-win development among platform enterprises, operators, and workers, and providing targeted assistance to individual businesses. It establishes communication and work advancement mechanisms focusing on startup support, key cultivation, capacity building, digital empowerment, and innovation demonstrations. Both parties stated they will use the agreement to strengthen exploration and innovation, promote complementary advantages and resource integration, and empower the online business development of individual businesses at scale, setting examples for broader implementation.
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