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The Latest Breaking News from State Administration for Market Regulation

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.

China Says To Probe Google Over Anti-monopoly Violations

China Says To Probe Google Over Anti-monopoly Violations

Beijing's State Administration for Market Regulation said the US tech giant was "suspected of violating the Anti-Monopoly Law of the People's Republic of China".

International Business Times

Intel's Acquisition of Tower Delayed, Still Expected to Close by June 2023

Intel's Acquisition of Tower Delayed, Still Expected to Close by June 2023

China's State Administration for Market Regulation still has not cleared Intel-Tower transaction.

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China Online Education Registers 90% Revenue Decline In Q1

China Online Education Group (NYSE:COE) (51Talk) reported a first-quarter FY22 revenue decline of 89.7% year-on-year to $9.5 million. COE did not recognize $48.0 million in non-compliant lesson consumptions as revenues. The number of active students with general lesson consumption was 298,600, down 24.0% Y/Y. Gross margin loss was (14.0)% versus 73.4% a year…

Tesla Recalls China Made Vehicles Again

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

BREAKING: Tesla Recalls 127,785 Model 3 Vehicles In China Over Manufacturing Defects

Elon Musk-led electric vehicle maker Tesla, Inc. (NASDAQ: TSLA) is recalling a total of 127,785 Model 3 vehicles — both imported and locally made — in China, the country's State Administration for Market Regulation has said, according to

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