Consumers will benefit from the proposed ban on exclusive e-commerce agreements

REPORTEDLY, some e-commerce giants have compelled their sellers to sign exclusive cooperation agreements with them during the big promotion seasons, such as the Nov 11 and June 18 online shopping festivals, and a financial company of an e-commerce platform group has required its partner banks to ink a special agreement to prevent them providing their competitors with relevant services. People's Daily comments:

According to the agreements, the sellers should inform consumers that their products are sold out on other e-commerce platforms, leaving the consumers no choice but to buy via the e-commerce platform they have the agreement with.

That the companies have no choice but to take sides in their cooperation with e-commerce platform providers results from the e-commerce giants abusing their position in the market. This must be addressed as soon as possible so as to guarantee the e-commerce industry's healthy development in the long run.