Research on Monopoly’s Variable Effect on Digital Market in China—Take Xiaomi as an Example

DOI

10.2991/assehr.k.211209.482How to use a DOI?

Keywords

Monopoly; Digital market; Apple company; Xiaomi

Abstract

This article demonstrates how monopolies affect the digital market in China. Every country in the world may experience various monopolies and make regulations since they may ultimately result in adverse effects. However, competition and monopoly between different markets may vary and have completely different attributes. It is incorrect to consider that monopoly would cause absolute disadvantages to the market without research and relate the damaging effect to the economics model. Under such fast-paced development of digital products and markets, monopoly affects many people in the United States and China. Based on the economic theory, should they be considered negative factors in the competitive market, or are they beneficial for market performance conversely? The main discussion of this article will rely on the comparison and dispute through the methodology and actual circumstances of well-known digital monopoly companies, including Apple in the United States and Xiaomi in China. Based on the current economics models and research on monopoly and also the collection of actual data in the digital market, this article will introduce the different monopoly phenomena. It will lead the market into a positive trend by self-adjusting. Although monopoly is often considered a harmful factor, results show the digital market is still competitive and gets stimulated without additional regulation and is beneficial for the whole market’s economy and customers.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Tianyang Zhang
PY  - 2021
DA  - 2021/12/15
TI  - Research on Monopoly’s Variable Effect on Digital Market in China—Take Xiaomi as an Example
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2968
EP  - 2971
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.482
DO  - 10.2991/assehr.k.211209.482
ID  - Zhang2021
ER  -