Meituan fined $533 million in anti-monopoly probe
China levied a $533 million fine on Meituan for violating anti-monopoly regulations, ending a months-long probe that had weighed on the country’s food-delivery leader.
Anti-Monopoly
Tencent and NetEase: monopoly is being further busted with Sony Music deals
Sony Music Entertainment (SME) announced May 17 that it has signed both a new direct China digital distribution deal with NetEase Cloud Music and a multi-year extension of its existing agreement with Tencent Music Entertainment (TME).
One more monopolist? Chinese socket maker Bull under antitrust investigation
Chinese leading socket maker Bull Group announced on May 12nd that the local market regulator in Zhejiang Province had launched an investigation into the company's alleged monopolistic practices.
Alibaba was fined 18.2 billion yuan for its monopoly!
According to the investigation, Alibaba Group has a dominant position in the online retail platform service market in China. Since 2015, alibaba group, the dominant market position, abuse within the platform on merchants "alternative" request.
Tik Tok Sued Tencent Monopoly to Beijing Intellectual Property Court
On February 2, Tik Tok formally filed a complaint with the Beijing Intellectual Property Court to sue Tencent for monopoly.
