SAMR said on Wednesday the fines were for not flagging “concentration operation” risks to the authority for review and made clear that the deals did not exclude or limit market competition, meaning they did not need to be unwound. Photo: Xinhua SAMR said on Wednesday the fines were for not flagging “concentration operation” risks to the authority for review and made clear that the deals did not exclude or limit market competition, meaning they did not need to be unwound. Photo: Xinhua
SAMR said on Wednesday the fines were for not flagging “concentration operation” risks to the authority for review and made clear that the deals did not exclude or limit market competition, meaning they did not need to be unwound. Photo: Xinhua

China’s antitrust watchdog punishes Alibaba, Tencent and Didi for merger irregularities after digging into old deals

  • SAMR has dished out 22 new fines of half a million yuan each to the country’s Big Tech firms for merger irregularities
  • Fines come as Beijing ups its scrutiny of Big Tech across a range of issues, including data security, consumer privacy and anticompetitive practices

Topic |   China technology
SAMR said on Wednesday the fines were for not flagging “concentration operation” risks to the authority for review and made clear that the deals did not exclude or limit market competition, meaning they did not need to be unwound. Photo: Xinhua SAMR said on Wednesday the fines were for not flagging “concentration operation” risks to the authority for review and made clear that the deals did not exclude or limit market competition, meaning they did not need to be unwound. Photo: Xinhua
SAMR said on Wednesday the fines were for not flagging “concentration operation” risks to the authority for review and made clear that the deals did not exclude or limit market competition, meaning they did not need to be unwound. Photo: Xinhua
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