In November 2021, SAMR listed 43 investment deals that companies failed to report and imposed a 500,000 yuan fine for each one of them. Online platforms are much like other two-sided market platforms, such as shopping malls, job placement services, and newspaper classifieds: They provide tremendous benefits by reducing transaction costs as they bring together buyers and sellers. The move is part of China's efforts to step up anti-monopoly supervision, especially on internet platforms abusing their dominant market positions. Tencent was involved in nine of the cases and fined for irregularities pertaining to share acquisition in companies including video and photo editing app VERSA Inc., supply chain and logistics service provider Yonghui Yunchuang Technology and application software developer IngageApp Global Limited, according to the SAMR website. The State Administration for Market Regulation (SAMR) unveiled 13 cases of violation and slapped a fine of 500,000 yuan ($78,450) per case. The Anti-Monopoly school grew as a reaction to the 2008 financial crisis and concerns about too big to fail banks. Anti-Opoly is the property trading game that lets players choose free enterprise or monopoly, with different rules for each path. China's market regulator on Wednesday fined a number of companies, including tech giant Tencent, e-commerce giant Alibaba and video sharing platform Bilibili, for violating the anti-monopoly law.
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