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The Latest Breaking News from SAMR

China fines Trip.com $770 million over online hotel-booking monopoly

SAMR also ordered Trip.com to refund booking deposits of 122 million yuan that it said the company had withheld from hotel operators. The practices harmed competition and consumers by restricting hotels' ‌ability to operate across platforms and set their own prices, the agency said in a statement on its website.

The Economic Times

China moves to curb food delivery price wars

The Chinese government is drafting a new law to regulate fierce competition in the food delivery market, aiming to eliminate aggressive price wars that have destroyed restaurant profits, and redirect platforms toward competing through quality of service.

Bangkok Post

China seeks to rein in 'unfair' food delivery competition with new rules

China is seeking to crack down on 'unfair' competition among food delivery platforms by introducing new rules to limit subsidy campaigns that regulators say harm the economy. "These practices harm the interests of merchants operating on the platforms, delivery drivers and consumers, squeezing the real economy," the SAMR said.

The Economic Times

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China accuses Nvidia of violating anti-monopoly laws

The claim came as the US and China held trade talks in Madrid that concluded on Monday.

Al Jazeera

China Escalates Antitrust Scrutiny of Nvidia Over Mellanox Deal

Regulators say the U.S. chipmaker breached merger terms, potentially exposing it to billions of dollars in fines

Caixin Global

China accuses Nvidia of breaking anti-monopoly rules ahead of trade talks with US

China says Nvidia has violated agreements made during its acquisition of Mellanox Technologies.

TechRadar

China Accuses Nvidia of Breaking Anti-Monopoly Law Over Mellanox Deal — What It Means for Global Tech

China's market regulator has accused Nvidia of breaching anti-monopoly commitments linked to its $7bn Mellanox deal, escalating US-China chip tensions and raising risks for global semiconductor trade.

International Business Times UK

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"NVIDIA violated the anti-monopoly law" — China's ongoing investigation digs up antitrust violations as trade tensions mount

China's State Administration for Market Regulation has released a statement that finds NVIDIA guilty of anti-trust practices.

Windows Central

Party's Over: China Tells Alibaba, Meituan, JD To Stop Bleeding

On Friday, China’s State Administration for Market Regulation (SAMR) called upon three of the country’s leading food delivery platforms: Alibaba Group’s (NYSE:BABA) Ele.me, Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD). The regulator urged these companies to adopt more “rational” competitive practices amidst an escalating price war within the sector.

Benzinga

China Urges Antitrust Compliance in CK Hutchison's Global Ports Deal

China warns CK Hutchison and partners not to bypass antitrust review in $23 billion global ports sale to BlackRock-led group.

Latin Times

China hits back at Trump’s tariffs with an antitrust investigation into Google and a new 15% tax on U.S. coal and gas

Among other measures, China will impose a 15% tariff on imports of U.S. coal and liquefied natural gas.

Fortune

Nvidia slapped with a Chinese antitrust probe as Beijing collects ‘bargaining chips’ ahead of Trump’s return

An analyst from consultancy firm Trivium China thinks Beijing is preparing for some tough negotiations ahead.

Fortune

The Fall of Ant Group's IPO: Alibaba's Missteps, Legal Battles, and a $433.5M Settlement

Overview

Benzinga

Alibaba Shares Show Growth After Completion of 3-Year Regulatory Overhaul

Alibaba's shares show an increase after the e-commerce giant completed its "rectification" process.

International Business Times

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TechRadar

China says it will use more tech to clamp down on online counterfeits

As it ramps up IP and counterfeit enforcement, China’s State Administration for Market Regulation commits to more tech.

Windows Central

Intel's $5.4 billion purchase of Tower Semiconductor is supposed to go through today, but will China block it?

Intel agreed to purchase Tower Semiconductor for $5.4 billion, but the deal has had to be pushed back twice. Today is the current deadline for the purchase, but it is unclear what will happen.

Tom’s Hardware

Intel's Tower Acquisition Deadline is Tomorrow, but Doubts Remain

China still has not approved Intel's acquisition of Tower semiconductor, which has a deadline on August 15.

Asharq Al-Awsat

China Regulator Fines Alibaba, Tencent for Disclosure Violations

China has imposed fines on technology giants Alibaba and Tencent as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country's market regulator said on Sunday. The State Administration for Market Regulation (SAMR) released a list of 28 deals…

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Caixin Global

China Fines Companies $3.7 Billion Last Year for Breaking Monopoly Rules

The total was more than 50 times what the market regulator handed out in 2020

People

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