Chinese regulator SAMR's anti-monopoly probes into Trip.com for alleged market dominance abuse could conclude as early as Monday, potentially leading to a fine of 2 billion to 6 billion yuan (US$295-885 million) under China's anti-monopoly law.
China's State Administration for Market Regulation (SAMR) has introduced the first national standard for "Artificial Intelligence Agent Interconnection," aiming to create a unified identity management framework for AI agents to ensure secure cross-domain interaction and support enterprise AI adoption, according to CCTV.
China's State Administration for Market Regulation (SAMR) has proposed new rules to prevent food delivery platforms from misusing subsidies. The draft regulations aim to stop market disruption, selling goods at a loss, and forcing merchants into subsidy programs, addressing concerns about intense competition harming businesses, drivers, and consumers.
Tencent Holdings has received conditional approval to acquire online audio platform Ximalaya, expanding its footprint in China's digital content ecosystem
China’s top market regulator will launch a six-month crackdown on the country’s internet advertising sector, targeting malpractices including the misuse of artificial intelligence, in what it described as its first campaign to clean up the broader online advertising ecosystem. The State Administration for Market Regulation (SAMR) said on Thursday that the campaign comes as new risks – from AI misuse to traffic-driven marketing tactics – emerge alongside long-standing issues, even as data and...
China's market regulator fined seven tech platforms 3.6 billion yuan (US$528 million) after an antitrust probe revealed obstruction tactics. Investigators at Pinduoduo discovered a hidden office area, while PDD's security head led a group that stormed the site, hospitalizing an official with a head injury. A PDD employee was also caught passing and then swallowing notes with instructions to stay silent during questioning.
China’s State Administration for Market Regulation (SAMR) has levied more than 3.6 billion yuan (US$527.3 million) in fines on seven e-commerce and food delivery platforms and their representatives following an investigation, the regulator announced on Friday. SAMR said the seven platforms, which included retail and food delivery mainstays Pinduoduo (PDD), Meituan and JD.com, failed to properly verify food vendor licences and knowingly allowed unverified “ghost” catering services to operate. The...
