China’s new SAMR is planning to exponentially grow its Beijing head office, with the antitrust department getting the largest number of new hires, this during growing big tech clampdowns.
According to The Global Times, SAMR plans to hire 33 staff in its 2022 civil servant intake, with 18 designated for the anti-monopoly bureau.
These new employees will be engaged in antitrust policy research, anti-monopoly law enforcement, and anti-monopoly reviews related to concentration of business operators, according to a post online.
Since the end of 2020, China has mounted an anti-monopoly crackdown campaign targeting different industries, including the internet sector.
Related: China Fines Delivery Giant Meituan For Breaking Antitrust Laws
Earlier this month, Chinese food delivery platform Meituan was fined 3.44 billion yuan (US$533.5 million), or 3%t of its 2020 domestic revenue, for monopolistic practices by the SAMR.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI