China regulator warns e-commerce platforms to stop monopolistic practices
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SHANGHAI (Reuters) - China has warned top e-commerce platforms including Alibaba and JD.com to stop practices that could be deemed as monopolistic, as industry frictions grow ahead of the country's banner Singles Day shopping event on Nov. 11.State news agency Xinhua reported on Tuesday that China's State Administration for Market Regulation (SAMR) called more than 20 platforms to a meeting and urged them to stop a practice that requires merchants to sign exclusive cooperation agreements..