Global EditionASIA 中文雙語(yǔ)Fran?ais
    Business
    Home / Business / Companies

    Tencent fined 500,000 yuan for anti-competitive behavior

    By He Wei in Shanghai | chinadaily.com.cn | Updated: 2021-07-24 16:53
    Share
    Share - WeChat
    People are seen in front of the Tencent headquarters in Shenzhen, Guangdong province, Aug 7, 2020. [Photo/Agencies]

    China's antitrust watchdog on Saturday ordered internet giant Tencent to give up its exclusive music licensing rights and imposed a fine for the internet giant's anti-competitive behavior.

    The State Administration for Market Regulation announced a penalty worth 500,000 yuan ($77,141) on the company for its acquisition of China Music Corp in 2016, according to a statement.

    The deal would give Tencent over 80 percent of exclusive music library resources, thus putting the company in an advantageous position in obtaining exclusive rights from copyright owners and crowding out new players, the statement noted.

    The market regulator said Tencent and its affiliated companies must not engage in exclusive copyright agreements with upstream owners of such rights, and existing agreements should be relinquished within 30 days of the regulatory notice.

    In response, Tencent said it will abide by the decision, comply with all regulatory requirements, fulfill social responsibilities and maintain healthy competition in the market.

    This marks the latest example of a string of antimonopoly crackdowns to shore up fair market competition.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    中文字幕丰满乱孑伦无码专区| 亚洲av无码专区在线观看素人| 亚洲中文字幕无码一去台湾| 亚洲国产精品无码久久一区二区 | 中文字幕夜色资源网站| 国产AV无码专区亚洲AVJULIA| 国产成人精品无码一区二区三区 | 欧美中文在线视频| 无码日韩人妻AV一区免费l| 精品无码久久久久久尤物| 精品亚洲AV无码一区二区 | 最近中文字幕免费2019| 亚洲AV无码一区二区三区国产| 人禽无码视频在线观看| 在线a亚洲v天堂网2019无码| 亚洲AV中文无码乱人伦| 中文字幕精品视频| 中文最新版地址在线| 草草久久久无码国产专区| 男人的天堂无码动漫AV| 日韩丰满少妇无码内射| 午夜无码伦费影视在线观看| 最新中文字幕AV无码不卡| 久久久久久精品无码人妻 | 日韩精品无码一区二区三区不卡| 久久亚洲精品成人无码网站| 亚洲精品无码AV中文字幕电影网站 | 日韩国产中文字幕| 成人精品一区二区三区中文字幕 | 青青草无码免费一二三区| 人妻精品久久无码区| 精品无码人妻一区二区三区品| 蜜桃臀无码内射一区二区三区| 无码精品日韩中文字幕| 乱色精品无码一区二区国产盗| 久久精品中文无码资源站| 18禁免费无码无遮挡不卡网站| 18禁网站免费无遮挡无码中文| 亚洲Aⅴ无码一区二区二三区软件| 少妇极品熟妇人妻无码| 日韩欧群交P片内射中文|