State Administration for Market Regulation, Guidelines for Reviews of Non-Horizontal Concentrations of Business Operators (Draft for Comments)
国家市场监督管理总局非横向经营者集中审查指引 (征求意见稿)
SAMR defines non-horizontal market concentrations / Issued: 2025-06-27
Issued: June 27, 2025
Applicability: For the purposes of these Guidelines, the term “non-horizontal concentration of business operators” means that a non-horizontal relationship exists between/among the business operators involved in the concentration, that is to say a business operator concentration wherein the business operators involved in the concentration engage in business in different relevant markets.
When determining whether the business operators involved in a concentration are in different relevant markets, both the relevant goods or services (collectively, Goods) market and