Home Business The State Administration for Market Regulation announced 13 anti-monopoly administrative penalty cases involving Tencent, Bilibili, etc._news_china.com

The State Administration for Market Regulation announced 13 anti-monopoly administrative penalty cases involving Tencent, Bilibili, etc._news_china.com

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Screenshot of the website of the State Administration for Market Regulation

China Net, January 5, according to the website of the State Administration for Market Regulation, the State Administration for Market Regulation announced 13 anti-monopoly administrative punishment cases involving companies such as Tencent, Bilibili, and Alibaba.

Among them, the State Administration of Market Supervision made an administrative penalty decision on the establishment of a joint venture between Tencent Holdings Co., Ltd. and Henan Harmony Automobile Trading Co., Ltd. for failing to declare illegal implementation of the concentration of operators in accordance with the law, and imposed administrative penalties of 500,000 yuan on Tencent and Harmony Automobile respectively;

Administrative penalty decisions were made on the case of Hangzhou Ali Venture Capital Co., Ltd., Zhengzhou Xunjie Trading Co., Ltd., and Guiyang Broadcasting Media Group Co., Ltd. for acquiring the equity of Guizhou Fanya Xintong Network Technology Co., Ltd. for failing to declare the illegal implementation of the concentration of undertakings. VC, Zhengzhou Xunjie, and Guiyang Broadcasting and Television will each be fined 500,000 yuan in administrative penalties;

An administrative penalty decision was made on the case of Bilibili Co., Ltd.’s acquisition of the equity of VERSA Inc. for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and an administrative penalty of 500,000 yuan was imposed on Bilibili;

Made an administrative penalty decision on the case of Tencent Holdings Co., Ltd. acquiring the equity of Beijing Youhu Technology Development Co., Ltd. for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and imposed a fine of 500,000 yuan on Tencent;

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Made an administrative penalty decision on Tencent’s acquisition of the equity of Yonghui Yunchuang Technology Co., Ltd. for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and imposed a fine of 500,000 yuan on Tencent;

Administrative penalty decisions were made for the establishment of a joint venture by Alibaba Network and Guiyang Xingli for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and a fine of 500,000 yuan each was imposed on Alibaba Network and Guiyang Xingli;

Made an administrative penalty decision on the case of Tencent Holdings Co., Ltd. acquiring the equity of Beijing Niannian Sharing Technology Development Co., Ltd. for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and imposed a fine of 500,000 yuan on Tencent;

Made an administrative penalty decision on the case of Tencent Holdings Co., Ltd. acquiring the equity of VERSA Inc. for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and imposed a fine of 500,000 yuan on Tencent;

The decision was made on administrative penalties for the establishment of a joint venture between Qingdao Hisense Network Technology Co., Ltd. and Tencent Holdings Co., Ltd. for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and imposed administrative penalties of 500,000 yuan each for Hisense Network Technology Co., Ltd. and Tencent;

An administrative penalty decision was made for the establishment of a joint venture between Ningbo Yuheng Health Investment Co., Ltd. and Jiangsu Jingdong Bangneng Investment Management Co., Ltd. for failing to declare the illegal implementation of the concentration of operators. Ningbo Yuheng and Jingdong Bangneng were fined 500,000 yuan each. Punishment

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An administrative penalty decision was made for the case of Tencent and Shenzhen Sequoia Yuchen Equity Investment Partnership (Limited Partnership) acquiring the equity of Guangxi Jiaojiu Network Technology Co., Ltd. that failed to declare the illegal implementation of the concentration of undertakings. Tencent and Sequoia Yuchen were given 500,000 yuan respectively Administrative penalties of yuan fines;

An administrative penalty decision was made on the case of Tencent and Shanghai Huasheng Lingfei Equity Investment Partnership (Limited Partnership) acquiring the equity of Beijing Minglue Software System Co., Ltd., which failed to declare the illegal implementation of the concentration of undertakings in accordance with the law, and fined Tencent and Lingfei 500,000 yuan respectively Administrative penalties;

An administrative penalty decision was made for Tencent Holdings Co., Ltd.’s acquisition of the equity of IngageApp Global Limited for failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, and an administrative penalty of 500,000 yuan was imposed on Tencent.

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