On December 31, 2021, the General Administration of Market R...

On December 31, 2021, the General Administration of Market Regulation issued a number of administrative penalty notices. These include administrative penalties for setting up a joint venture between Tencent Holdings Co., Ltd. and Henan Harmony Auto Trading Co., Ltd. and failing to report illegal operator concentration cases in accordance with the law, and imposing administrative penalties of 500,000 yuan on Tencent and Harmonie Auto, respectively. Administrative penalties were imposed on the case of Hangzhou Ali Venture Capital Co., Ltd., Zhengzhou Xunjie Trading Co., Ltd., and Guiyang Radio and Television Media Group Co., Ltd.'s acquisition of shares in Guizhou Pan Asia Communications Network Technology Co., Ltd. without filing an illegal operator concentration in accordance with the law. An administrative penalty of 500,000 yuan was each imposed on Ali Venture Capital, Zhengzhou Xunjie, and Guiyang Radio and Television. Administrative penalties have been imposed on Bilibili Co., Ltd.'s acquisition of Versa Inc. shares in VERSA Inc. without filing an illegal operator concentration case in accordance with the law.
$TENCENT(00700.HK)$ $Tencent(TCEHY.US)$
$JD.com(JD.US)$ $JD-SW(09618.HK)$
$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$
$Bilibili(BILI.US)$ $BILIBILI-W(09626.HK)$