中国电商平台化解金融风险的路径探析A Comparative Study on Financial Risks of Chinese and American e-commerce Platforms

Abstract

人性的贪婪和欲望永无止境，美国严格保护平台员工权益，探索适用互联网平台的新反垄断理论，防止平台侵犯中小商家利益，加强监管金融资本，反而使美国电商平台可持续发展；中国已经开始对电商平台开展反垄断执法，但电商平台侵犯广大员工权益、损害中小商家利益等行为并未受到有效遏制，依旧享受很多国家扶持政策，虽然规模加速扩张，财富效应却呈现边际效应递减趋势，平台股东在减持套现，金融风险在持续增加。

Human greed and desire are boundless. The United States strictly protects the rights and interests of platform employees, explores new antitrust theories applicable to internet platforms to prevent them from infringing on the interests of small and medium-sized businesses, and strengthens the regulation of financial capital. These measures have instead contributed to the sustainable development of U.S. e-commerce platforms. In contrast, China has begun antitrust enforcement against e-commerce platforms, but violations of employee rights and harm to small and medium-sized businesses have not been effectively curbed. These platforms still enjoy substantial government support. Although their scale is expanding rapidly, the marginal effect of wealth creation is diminishing, platform shareholders are reducing their holdings and cashing out, and financial risks continue to rise.