Anti-Monopoly Tag

03 Aug China Rolls out Centralized Anti-Monopoly Undertaking System 

發表於 15:49 2022-08-03 作者 Jordy Leo

China’s antitrust watchdog State Administration for Market Regulation (SAMR) on August 1 launched the Centralized Anti-Monopoly Undertaking System, an online platform for enterprises to disclose merger and acquisition deals to the regulator and check their approval status, as reported by South China Morning Post on...

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12 Oct SAMR Fines Meituan for RMB3.44bn over Monopolistic Behavior

發表於 14:42 2021-10-12 作者 Helena Zhu

China’s State Administration for Market Regulation (SAMR) fined food delivery giant Meituan [3690:HK] RMB3.44bn (USD533m) for its monopolistic tactic after a six-month investigation, as reported by Caixin on October 8. The fine accounts for 3% of Meituan’s 2020 domestic revenues, which was RMB114.7bn (USD17.8bn). The...

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15 Sep South Korean Antitrust Watchdog Investigates Kakao Mobility and Coupang

發表於 15:17 2021-09-15 作者 曲娜

South Korea’s Fair Trade Commission (KFTC) has commenced investigations into internet group Kakao’s [035720:KS] ride-hailing unit Kakao Mobility and e-commerce giant Coupang [CPNG:US] for their alleged unfair business practices, as reported by the Korea Economic Daily on September 12. To be more specific, taxi driver...

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12 Aug China to Enhance Anti-Monopoly Enforcement under New Development Outline

發表於 16:57 2021-08-12 作者 Edward Chen

The Central Committee of the Communist Party of China (CPC) and State Council on August 11 jointly released an implementation outline for the government’s development under the rule of law for the next five years, as reported by Caixin the next day. The outline underscored...

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08 Jun SAMR Asks Sharing Economy Firms to Standardize Pricing and Competition Practices

發表於 14:19 2021-06-08 作者 Mars Guo

State Administration for Market Regulation (SAMR) held a regulatory meeting and required eight sharing economy companies engaged in bicycle or mobile power bank sharing to standardize pricing and competition practices, as reported by Caixin on June 3. The companies included Alibaba-backed [BABA:US] bike-sharing platform Hellobike,...

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06 May Tencent May Face RMB10bn Anti-Monopoly Penalties by SAMR

發表於 16:46 2021-05-06 作者 Jingyun Liu

Chinese technology company Tencent [0700:HK] may be the next target of the anti-monopoly campaign initiated by the State Administration for Market Regulation (SAMR), as reported by Reuters on April 29. As part of the county’s antitrust clampdown on the domestic internet giants, it is expected...

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29 Apr SAMR Launches Anti-Monopoly Investigation into Meituan

發表於 13:48 2021-04-29 作者 劉寧靜

China’s antitrust watchdog, State Administration for Market Regulation (SAMR), launched an investigation into Tencent-backed [0700:HK] food delivery giant, Meituan [3690:HK], for the internet company’s potential abuse of the market dominance position by forcing vendors into exclusive deals, known as ‘picking one from two’ (POFT), as...

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12 Apr Alibaba Fined RMB18.2bn for Violating Anti-Monopoly Law

發表於 15:23 2021-04-12 作者 Cici Luo

State Administration for Market Regulation (SAMR) on April 10 announced administrative punishments on Alibaba [BABA:US] for the abuse of its dominant market position according to the Anti-Monopoly Law, as reported by Caixin on the same day. SAMR ordered Alibaba to stop its illegal acts and...

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18 Mar China to Improve Anti-Monopoly Regulations on Platform Economy

發表於 16:44 2021-03-18 作者 Cici Luo

China’s Central Committee for Financial and Economic Affairs held a meeting on March 15, which emphasized to speed up the improvement of laws and regulations about the platform economy and make up the gaps and loopholes of the rules in a timely manner, as reported...

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10 Mar MoT Asks Didi to Conduct Rectification for Price Increases

發表於 17:45 2021-03-10 作者 Zoe Zhou

The Ministry of Transport (MoT) held a meeting with ride-hailing giant Didi Chuxing on March 5, as reported by Caixin on the same day. Didi recently had adjusted its pricing system in some cities like Chengdu, where the firm raised prices at the passenger side...

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03 Feb Tencent Announces to Sue ByteDance after Prosecuted by TikTok

發表於 15:57 2021-02-03 作者 Sophia Gu

Tencent [0700:HK] on February 2 issued a response to TikTok’s lawsuit against it, stating that the allegations were inconsistent with the facts and malicious, as reported by Sina on February 3. Tencent pointed out that TikTok violated users' rights and claimed to sue ByteDance, TikTok’s...

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28 Jan PBoC to Propose New Anti-Monopoly Rules for Non-Banking Payment Industry

發表於 09:23 2021-01-28 作者 羅海燕

PBoC has drafted regulation to strengthen supervision over non-banking institutions’ payment services on January 20, as reported by JRJ.com on the same day. Notably, the policy this time adds anti-monopoly measures for the non-banking payments industry. Moreover, the regulation highlights the requirement of non-banking payment...

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