In the news: Qualcomm antitrust investigation, international firms move inland and SPC hears first AML case

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clpstaff &clp articles

The NDRC has launched an investigation into wireless technology company Qualcomm. International law firms are turning to China's regions and the Qihoo 360 v Tencent case goes before the SPC

NDRC launches investigation into Qualcomm

Qualcomm disclosed the investigation on Monday. The digital wireless telecommunications company said the investigation involved the PRC Anti-monopoly Law (中华人民共和国反垄断法), but it was not aware of any charges from the regulators that it had broken the law. Local media had reported that the NDRC would broaden its investigations to cover six new industries, including telecommunications, on Monday. China accounts for more than 49% of Qualcomm's sales in its latest fiscal year.

Source: FT

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