Region: Asia-Pacific

Report reveals fluctuations in cartel fines in 2020 across Asia-Pacific

Cartel fines in Korea and Taiwan increased significantly in 2020 from the previous year, although they fell steeply in China, Japan, Australia and India, a report by Morgan Lewis & Bockius has revealed.

15 January 2021

Google pushes through Fitbit deal without approval in Australia and US

Google has closed its US$2.1 billion acquisition of Fitbit despite ongoing antitrust reviews in Australia and the US.

15 January 2021

Narrow relevant market colours Singaporean Uber decision

As the debate on defining relevant markets in the digital economy continues – especially vis-à-vis traditional incumbents – Singapore’s competition agency and specialist appellate body have taken a narrow approach in the transportation sector.

15 January 2021

SAMR head signals tougher antitrust enforcement

The head of China’s State Administration for Market Regulation has said that the agency will focus on strengthening competition enforcement in 2021 to comply with the government’s economic agenda.

13 January 2021

Uber loses appeal in Singapore over Grab deal

Singapore’s Competition Appeal Board has dismissed Uber’s appeal against a decision finding that the sale of its southeast Asian business to Grab was illegal.

13 January 2021

China reportedly censoring coverage of Alibaba probe

The Chinese government has reportedly directed local media to censor reporting on an ongoing antitrust probe into concerns that Alibaba forces merchants to exclusively use the platform to distribute their products.

12 January 2021

Cartels controlling steel and cement sectors, Indian minister says

One of India’s top transportation officials has claimed that cartels are controlling prices in the steel and cement sectors.

11 January 2021

Indonesian authority appoints new leadership

Indonesia’s competition watchdog has appointed Kodrat Wibowo as its chair and Guntur Saragih as its vice-chair until April 2023.

08 January 2021

JFTC fines construction companies in maglev probe

Japan’s competition watchdog has imposed more than €34 million in fines on two major construction companies for conspiring to fix bids on tenders for the construction of a major magnetic levitation train line.

05 January 2021

Delivery Hero secures conditional merger clearance in Korea

Korea’s competition watchdog has cleared Delivery Hero’s acquisition of a majority stake in Woowa Brothers subject to the divestiture of its existing local business, including popular food delivery app Yogiyo.

05 January 2021

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