(Beijing News) The State Administration of Market Supervision and Management of China announced a number of administrative penalties documents on Sunday (July 10), involving Tencent, Alibaba, Shanghai Phantom and other companies.The same is the same, about 104,500 yuan).
Announcement on the website of the General Administration of Market Supervision showed that there were 28 illegal transactions.Among them, Tencent was fined a total of 6 million yuan for 12 acquisitions, and several Aibaba Group's affiliated companies were fined 2.5 million yuan for not reporting five transactions.
These enterprises have been punished by the State Administration of Market Supervision of China because they did not declare illegal implementation of operators in accordance with the law and violated the Anti -Monopoly Law.
The notification states that the public cases were transactions that should be declared in the past but not declared.Among them, Alibaba acquired the equity of the Youku Tudou Media Platform of the subsidiary in 2021, Tencent Holdings acquired the international culture of the Beijing Northern Hemisphere, Shanghai Phantom Electricity acquired Beijing Qixin, Elfang, and so on.
According to Article 20 of the China Anti -Monopoly Law, "the concentration of operators" refers to the merger of the operator; the control of other operators is obtained by obtaining equity or assets;The control of the person may impose a decisive impact on other operators.
Article 21 of the Anti -Monopoly Law stipulates that if an operator shall meet the application standards stipulated by the State Council of the Chinese State Council, the operator shall declare to the Chinese State Council's antitrust law enforcement agency in advance, and those who have not been declared shall not be implemented.
