Region: China

Tencent and Alibaba commit to open up platforms to rivals in China

Chinese technology companies Tencent and Alibaba have agreed to unblock competitors from operating on their platforms, which observers say will lower market barriers and could indicate the end of China’s “tolerance” towards homegrown Big Tech companies.

15 September 2021

Simmons & Simmons poaches from Herbert Smith Freehills

Mark Jephcott, the former head of Herbert Smith Freehills’ Asia competition practice, has joined Simmons & Simmons as a partner in London.

06 September 2021

The Asia-Pacific Round-up (3 September 2021)

News in brief from the Asia-Pacific region… China’s competition watchdog continues to keep its homegrown technology companies over the fire, with Meituan and the broader sharing economy the latest target. Meanwhile, Epic Games and Apple have a trial date in Australia, although everyone will have to wait until late November 2022.

02 September 2021

China busts cement cartel

China’s competition watchdog has fined a trade association and eight member companies more than €37.6 million for conspiring to fix the price of ready-mixed concrete, as well as restrict supply and allocate the market.

20 August 2021

The Asia-Pacific Round-up (20 August 2021)

News in brief from the Asia-Pacific region… China’s antitrust authority has published guidance listing a wide array of conduct that it considers unfair competition. Some of the prohibitions mirror traditional antitrust issues, while some would fall under consumer provisions in other jurisdictions. Over in Australia, competition tsar Rod Sims has seemingly supported the UK’s position on the completed Facebook/Giphy tie-up.

19 August 2021

China orders first ever rectification for an illegal tie-up

China’s competition authority has fined Tencent the statutory maximum for failing to notify its acquisition of China Music in 2016, while also ordering the company to end all of its exclusive licensing deals with record labels as a fix for the competitive harm caused by the deal.

26 July 2021

The Asia-Pacific Round-up (23 July 2021)

News in brief from the Asia-Pacific region… Flipkart continues to fight against an Indian antitrust probe, having asked a court to treat it differently from rival Amazon. Meanwhile, Singapore has tweaked its penalty guidelines and the Philippines has set up a task force to look at abuse of dominance in the market for housing complexes.

22 July 2021

The Asia-Pacific Round-up (16 July 2021)

News in brief from the Asia-Pacific region… As each week goes by, there are near constant developments in China’s “Big Tech Crackdown”, which has touched nearly every major technology company in the country. China’s competition watchdog has kept Tencent in its sights for some time, but recently took its most significant decision against the homegrown technology company – blocking outright a planned merger.

15 July 2021

The Asia-Pacific Round-up (9 July 2021)

News in brief from the Asia-Pacific region… China cranked up its tech crackdown yet again with another slate of gun-jumping decisions. Meanwhile, reports surfaced this week that Korea’s competition watchdog is investigating Broadcom just as the US-based chipmaker wrapped up a monopolisation lawsuit at home. And a pair of mergers are working their way through lengthy merger probes – one in New Zealand and another in Singapore.

08 July 2021

Top Chinese official defends use of behavioural remedies

The top antitrust official at China’s competition authority has said that behavioural remedies for problematic mergers have a “unique advantage” since they can be tweaked and adapted over time to reflect shifts in the market.

07 July 2021

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