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China Fines Tencent, Alibaba and Bilibili $78,000 Each for Violating Anti-Monopoly Law During M&A
7th January 2022 | Hong Kong
China State Administration for Market Regulation (SAMR) has fined Tencent, Alibaba and video sharing platform Bilibili $78,000 each (CNY 500,000) for violating anti-monopoly law, for not declaring business concentration during mergers & acquisitions and joint venture. In total, China regulator reported 13 cases of violation and imposing a fine of $78,000 each (CNY 500,000) each.
“ China Fines Tencent, Alibaba and Bilibili $78,000 Each for Violating Anti-Monopoly Law “
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China Fines 13 Cases of Violation
In total, China regulator reported 13 cases of violation and imposing a fine of $78,000 each (CNY 500,000) each.
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