Market regulators in 7 provinces sign agreement with 8 platform firms to support individual businesses
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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.
Source report
Jin10 Data, September 18 — On September 17, under the guidance of the State Administration for Market Regulation (SAMR), a joint signing ceremony was held for the Framework Agreement on Cooperation to Promote the Development of Individual Businesses.
The agreement was signed by:
- Market regulation bureaus from seven provinces, autonomous regions, and municipalities: Inner Mongolia, Jiangsu, Zhejiang, Shandong, Guangdong, Chongqing, and Sichuan
- The National Individual Business Development Network
- Eight platform enterprises: 1688, Douyin Life Services, Kuaishou, Meituan, Taobao Flash Purchase, Taotian Group, Xiaohongshu, and Alipay
Objectives
The agreement aims to:
- Thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council regarding "promoting win-win development among platform enterprises, operators within platforms, and workers"
- Provide "precise support for the development of individual businesses through typological and categorical classification"
- Deepen cooperation and alignment between market regulation departments and platform enterprises
- Take practical measures to support the online business development of individual businesses
Key Provisions
The agreement stipulates that both parties will establish communication, consultation, and work advancement mechanisms. Cooperation will focus on the following areas for individual businesses:
- Startup assistance
- Key cultivation
- Capacity building
- Digital empowerment
- Innovation demonstrations
The goal is to generate more cooperative outcomes that benefit the broad base of individual businesses.
(Source: State Administration for Market Regulation)
Source
金十数据Eastern
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China market regulators and eight platforms sign pact to support individual businesses