Ant Group Promises Anti-monopoly Reform following Chinese Government Crackdown
The Chinese government recently ordered a structural reform of Jack Ma’s Ant Group.
4/13/20213 min read
Tag: #Antitrust regulator
Showing 8 of 8 posts with this tag
Meituan to be Fined $1 Billion for Suspected Monopolistic Market Behavior
Chinese antitrust regulators are considering to fine Meituan, the country's largest online catering platform, about $1 billion for allegedly monopolistic behavior, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
8/6/20212 min read
Chinese Regulators Seek to Soothe Nervous Markets as Domestic Firms Delist in U.S.
Reports that Chinese regulators are pushing for so-called variable interest entities to drop their listings in the United States are a “complete misreading and misinterpretation” of the regulations, the CSRC said in a statement on Sunday.
12/6/20212 min read
Tencent Music Ordered to Give Up Exclusive Online Music Licensing Rights, Benefiting Competitors
The Chinese State Administration for Market Regulation (SAMR) announced Saturday that Tencent Music will face a string of punishments in the interests of safeguarding market competition in the audio streaming sector.
7/26/20213 min read
Chinese Regulators Strengthen Supervision Over Bike-Sharing and Power Bank Rental Companies, Including Meituan
The State Administration for Market Regulation continues to strengthen supervision over competition and pricing in the field of the sharing economy.
8/31/20214 min read
Tencent Profits Surge 89% Year-on-year, Pledges Cooperation with Antitrust Regulators
Chinese social and gaming giant Tencent reported strong Q3 financial results on Thursday, generating a revenue of 125.5 billion yuan ($18.9 billion), up 29% year-on-year and ahead of analysts’ expectations.
Ten Chinese Tech Companies Fined for Violation of Antitrust Laws
Ten companies have been fined for malpractice in past mergers and acquisitions deals, according to a statement from the State Administration for Market Regulation (SAMR) on Friday.
3/12/20212 min read
Zhangmen Education Lists on NYSE Amid Heightened Scrutiny of China's Online Tutoring Market
Zhangmen Education on Tuesday officially went public on the New York Stock Exchange under the ticker symbol "ZME" in the face of tightening restrictions on e-learning platforms from Chinese market regulators, following complaints about improper business practices.