Antitrust

Biden administration adds seven Chinese supercomputing entities to Entity List; SAMR issues record antitrust fine on Alibaba over market dominance abuse; and new measures released for Hainan free trade port

Luokung Technology sues the U.S. government over CCMC designation; U.S. senators reintroduce bill proposing to bar blacklisted Chinese companies from U.S. capital markets; and VIE structures expected to undergo greater scrutiny under Chinese merger control regime according to new report

SAMR details the specifics on review of concentrations of business operators

Casper Sek of Jin Mao Partners highlights key differences between the draft and final version of the Anti-Monopoly Guidelines for the Platform Economy Sector that data-related businesses should take note of

Chinese antitrust bodies finalize strict guidelines for platform operators; PBOC digital currency body links up with SWIFT to launch JV; and German chamber survey reports optimism despite pandemic woes

Shanghai publishes the first local guidelines on competition compliance

The first investor to report may be exempted from antitrust penalties.

Casper Sek of Jin Mao Partners highlights new draft rules that aim to curb monopolistic behavior and strengthen the administrative supervision of the internet platform economy, and standardize online petty loans businesses that use big data by imposing new requirements on internet platforms used by such businesses

An administrative reconsideration may be filed for improper government disclosure of information of citizens or entities

The acceptance of the commitment of a business operator does not affect the determination of a monopoly act