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NetEase Cloud Music is planning to report to the state regulatory authorities that South Korean company SM Entertainment is refusing to open its music copyright authorization.
E-commerce giant Alibaba is under investigation for alleged monopolistic practices, according to a notice posted on the official website of the State Administration for Market Regulation (SAMR) on Dec. 24.
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.
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.
Alibaba Group Holding’s U.S.-listed shares plunged 13.3% to $34.18 on Dec. 24, after news broke that the e-commerce giant will be investigated by anti-trust regulators.