China's State Administration for Market Regulation Unveils 43 Anti-monopoly Cases
Most of them were internet enterprises, including Baidu, Alibaba, Tencent, Meituan, ByteDance, JD.com, Suning.com, Sina, 58 Group and more.
11/23/20212 min read
Tag: #State Administration for Market Regulation
Showing 6 of 6 posts with this tag
Porsche Recalls 94 Cayennes Due to Risk of Losing Control
The State Administration for Market Regulation said in a statement on Friday that Porsche (China) Motors Ltd. has recalled 94 2018-2021 imported Cayenne cars, made from December 5, 2017 to February 10, 2021, as is required by relevant regulations regarding the management of defective cars.
7/23/20212 min read
Luckin Coffee and Complicit Companies Fined for Millions of Fake Transactions
China’s market regulator disclosed yesterday the penalty of fines of 2 million yuan ($300,000) each for Luckin Coffee and four other associated companies for their 123 million fake orders fabricated through fake transactions, fake bank statements and other illegal measures.
10/13/20202 min read
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
Alibaba Investment, China Literature and Hive Box Fined RMB 1.5M for Anti-Monopoly Violation
On Dec. 14, Alibaba Investment, China Literature, and Hive Box were fined an overall 1.5 million yuan for violating the anti-monopoly law, according to a notice from the State Administration for Market Regulation.
12/14/20202 min read
Tencent and China Unicom Approved to Set Up Mixed-Ownership JV
According to an official document released on October 27 by China's State Administration for Market Regulation (SAMR), internet giant Tencent and state-owned telecommunications operator China Unicom have gained unconditional approval to establish a joint venture following the completion of a review on October 18.
11/2/20224 min read