China has dealt with 339 monopoly cases, fined and confiscated 37.9 billion Yuan and concluded 5,409 concentration cases since the country implemented its first Anti-monopoly Law in 2018, according to data revealed on August 11.
China's antitrust regulator concluded 187 monopoly cases in 2022, with fines of 784 million yuan, according to the Report on China’s Anti-monopoly Law Enforcement (2022) released by the State Administration of Market Regulation(SMAR) on June 9.
On May 28, China's market regulator said it had fined two pharmaceutical companies 320 million yuan for entering into a monopolistic deal and abusing dominant market position. The State Administration of Market Regulation fined Grand Pharmaceutical 136 million yuan
On December 26, the State Administration for Market Regulation (SAMR) has imposed on China National Knowledge Infrastructure (CNKI), China’s largest online academic database, a fine of 87.6 million yuan for its monopoly behavior, accounting for 5 percent of CNKI's revenue.
EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against Qualcomm (QCOM.O), Reuters said, citing people familiar with the matter. That means Qualcomm eventually won the antitrust lawsuit that lasted more than four years.
