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  • Beijing Review

    Leveling the Field

    Mar 25, 2021 4 minutes
    By Li Xiaoyang

    The State Administration for Market Regulation (SAMR) has recently imposed administrative penalties on 12 companies conducting 10 deals, signaling strengthening of anti-monopoly regulation on domestic firms, especially Internet-based platforms. The penalties were announced on March 12, the day after the close of China’s annual legislative session, during which proposals to amend the Anti-Monopoly Law were contemplated.

    Eight of the cases concern equity acquisition, including Internet company Tencent, which acquired online education firm Yuanfudao, and Baidu, which acquired Ainemo Inc., a maker of consumer electronics. Ride-hailing company Didi Chuxing and TAL Education Group were also fined for illegal concentration of business operations.

    According to Xiao Huilin, Deputy Secretary General of the China

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