Business & Finance

Reuters exclusively reports China’s antitrust regulator bulking up as crackdown on behemoths widens

Reuters exclusively reported that China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behavior, especially among the country’s powerful companies. The report on Beijing’s plan to bulk up the State Administration for Market Regulation (SAMR) came a day after the watchdog slapped a record $2.75 billion fine on Alibaba after an antimonopoly probe found the e-commerce giant had abused its dominant market position for several years. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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