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June 7, 2021

Anti-competitive Behavior

Exclusive: China’s antitrust regulator bulking up as crackdown on behemoths widens

Reuters
BEIJING/HONG KONG (Reuters) – China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office......

China’s Alibaba hit with record $2.75 billion antitrust fine

Reuters
(Reuters) – Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates. FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front......

U.S. DOJ accuses Google of dragging its feet in antitrust trial

Reuters
FILE PHOTO: The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. Picture taken with a fisheye lens. REUTERS/Thomas Peter WASHINGTON (Reuters) – The U.S. Department of Justice accused Google of dragging its feet in providing documents in preparation for a trial......

India antitrust body says Reuters story corroborates evidence in probe of Amazon

Reuters
NEW DELHI (Reuters) – India’s antitrust body on Friday told a court that a Reuters report showing Amazon.com Inc gave preferential treatment to a small group of sellers on its India platform corroborated evidence it had received and which had triggered an investigation of the U.S. e-commerce giant. The Competition......

China’s antitrust regulators consider levying record fine against Alibaba: WSJ

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter (Reuters) – China’s antitrust regulators are mulling levying a record fine against Alibaba Group Holding Ltd over its anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar......

Facebook asks court to dismiss U.S. government, states antitrust cases

Reuters
WASHINGTON (Reuters) – Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers. FILE PHOTO: A 3D-printed Facebook logo is seen placed on......

UK starts probe on Apple’s alleged anti-competitive behaviour

Reuters
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo (Reuters) – Britain’s competition regulator said on Thursday it has opened an investigation into Apple Inc after complaints that the......

Exclusive: French antitrust investigators say Google breached its orders on talks with news publishers – sources

Reuters
PARIS (Reuters) – French antitrust investigators have accused Alphabet Inc’s Google of failing to comply with the state competition authority’s orders on how to conduct negotiations with news publishers over copyright, two sources who read the investigators’ report said. FILE PHOTO: The logo of Google is seen at the high......

Italian watchdog fines Facebook 7 million euros over improper data use

Reuters
FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/File Photo ROME (Reuters) – Italy’s competition watchdog said on Wednesday it had fined Facebook 7 million euros ($8.5 million) for not complying with a request by the regulator to correct improper......

Epic Games takes Apple fight to EU antitrust regulators

Reuters
BRUSSELS (Reuters) – Fortnite creator Epic Games has taken its fight against Apple to EU antitrust regulators after failing to make headway in a U.S. court in a dispute over the iPhone maker’s payment system on its App Store and control over apps downloads. The two companies have been locked......

Investor demand for $5 billion Alibaba bond deal undimmed by regulatory woes

Reuters
HONG KONG (Reuters) – Alibaba Group Holdings said it had raised $5 billion as it finalised its mega U.S. dollar bond deal on Friday, as investors overlooked the company’s ongoing regulatory scrutiny in China. FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January......

German cartel office extends probe of ties between Facebook and Oculus

Reuters
FILE PHOTO: An attendee uses a Facebook Spaces virtual reality app on an Oculus Go headset during Facebook Inc’s annual F8 developers conference in San Jose, California, U.S. May 1, 2018. REUTERS/Stephen Lam BERLIN (Reuters) – Germany’s antitrust regulator said on Thursday it was extending the scope of its abuse......

EU approves German coronavirus state aid scheme

Reuters
FILE PHOTO: Margrethe Vestager, European Commissioner for A Europe Fit for the Digital Age and European Commissioner for Internal Market Thierry Breton, leave at the end of a news conference on the Digital Services and Digital Markets Acts at the European Commission headquarters in Brussels, Belgium December 15, 2020. Olivier......

EU approves German coronavirus state aid scheme

Reuters
FILE PHOTO: Margrethe Vestager, European Commissioner for A Europe Fit for the Digital Age and European Commissioner for Internal Market Thierry Breton, leave at the end of a news conference on the Digital Services and Digital Markets Acts at the European Commission headquarters in Brussels, Belgium December 15, 2020. Olivier......

Google asks U.S. judge to move states’ antitrust lawsuit to California

Reuters
WASHINGTON (Reuters) – Alphabet Inc’s Google has asked a U.S. judge in Texas to transfer an antitrust lawsuit filed by 10 states in December to a court in California, a state that has more relevant witnesses and documents needed by the company, it said. FILE PHOTO: A Google sign is......

China proposes tougher anti-trust rules for non-bank payment industry

Reuters
BEIJING (Reuters) – China’s central bank proposed stepping up anti-trust measures to rein in payment firms such as Ant Group’s Alipay and Tencent’s WeChat Pay, which dominate the non-bank payment industry. Under draft rules proposed on Wednesday, the People’s Bank of China (PBOC) can advise the state council’s antitrust committee......

Exclusive: Biden administration eyes creating White House antitrust czar – sources

Reuters
By Diane Bartz, Nandita Bose FILE PHOTO: U.S. President-elect Joe Biden arrives to speak during an event at Major Joseph R. “Beau” Biden III National Guard/Reserve Center at New Castle County Airport in New Castle, Delaware, U.S. January 19, 2021. REUTERS/Tom Brenner/File Photo WASHINGTON (Reuters) – The incoming administration of......

Amazon faces class-action lawsuit over eBook pricing

Reuters
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid (Reuters) – Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in......

Biden should expand antitrust cases, break up tech companies, high-profile group says

Reuters
WASHINGTON (Reuters) – The Biden administration should expand antitrust cases against Alphabet’s Google and Facebook and encourage breaking up companies, according to a group whose founder is working with the president-elect’s transition team. FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo The American Economic......

Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says – WSJ

Reuters
FILE PHOTO: A Google sign is shown at one of the company’s office complexes in Irvine, California, U.S., July 27, 2020. REUTERS/Mike Blake (Reuters) – Facebook Inc and Alphabet Inc’s Google agreed to “cooperate and assist one another” in case of an investigation into their pact to work together in......

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