After 24 years of development, the role of Internet in China's economic and social development has become increasingly prominent. In particular, as China transforms from consumer Internet to industrial Internet, new economic phenomena and problems spring up continuously. How to re-understand competition in the new situation and develop a more appropriate competition policy and governance model have become the focuses of all parties.

On December 16th, Jean Tirole, the Nobel Memorial Prize in Economic Sciences winner and honorary Dean of Toulouse School of Economics (TSE), came to the Beijing Fund Town to discuss and exchange ideas on the issues above with many platform issue specialists.

Jean Tirole won the Nobel Memorial Prize in Economic Sciences in 2014 for his analysis of market power and natural monopoly regulation. At this conference, Jean Tirole thoroughly elucidated the market forces, the characteristics and business models of platform enterprises, relationship between monopoly and innovation, difficulties of traditional regulation and new performance regulation, competition policy and consumer protection, etc., and shared his latest research theories and insights on competition and governance in the Internet era with cases such as Uber, Booking, DiDi, Ctrip, and other typical Internet enterprises at home and abroad.

Combining with China's current policy-making, regulation status and national conditions, Lu Wanli, Deputy Director of the Anti-Monopoly Bureau of the State Administration for Market Regulation, Wei Li, Deputy Chief of the Network Supervision Department, Fu Wenbiao, Director of the Development Research Center, Li Qing, Deputy Director of the Price Supervision, Inspection and Anti-Unfair Competition Enforcement Bureau, made comments on Jean Tirole's keynote speech.