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China Regulatory Crackdown Already in Progress
24-06-2021, 06:29 AM
Příspěvek: #1
China Regulatory Crackdown Already in Progress
China Regulatory Crackdown Already in Progress

Regulatory risk for companies operating under Chinese law should not be underestimated. Chinese regulators recently cracked down on some of the country’s largest internet companies, going as far as fining Alibaba $2.8 billion for alleged monopolistic conduct and providing “rectifications” for how it should do business. slot pg

Didi provides a specific section in its F-1, “Risks Relating to Doing Business in China” that outlines many ways in which the Chinese government can negatively impact its business and notes that its business may be subject to heightened regulatory scrutiny.

Reuters reported in June 2021 that the State Administration for Market Regulation (SAMR) has begun an antitrust probe into Didi Chuxing, specifically looking at whether the firm used “competitive practices that squeezed out smaller rivals unfairly.” This investigation comes on the heels of reporting that in April 2021, Didi was among 30 companies ordered by the SAMR to conduct a self-inspection to identify and correct possible violations of anti-monopoly, anti-unfair competition, tax and other related laws and regulations. Then, in May 2021, The SAMR issued fines to 11 companies, including Didi, for violating anti-monopoly rules in merger & acquisition deals they made without seeking regulatory approval in advance.
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08-09-2021, 02:59 PM
Příspěvek: #2
RE: China Regulatory Crackdown Already in Progress
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