Ali, Tencent and Didi were punished. Nine of the 13 votes are related to Tencent. The website of the General Administration of Market Supervision published 13 cases of administrative punishment. Tencent was fined a total of 4.5 million yuan. Ali, Tencent and Didi were punished. Nine of the 13 votes are related to Tencent.
Ali, Tencent, and Li Li were punished, 13 votes, and 9 votes were related to Tencent. 1 On October 5th, the General Administration of Market Supervision issued a penalty decision 13, including 8 for Tencent Holdings, 2 for Ali, and 0 for Li Li/kloc. What happened? How big will the impact be? As of noon, Didi fell more than 8%, Tencent Holdings fell more than 3%, and Alibaba's share price was not affected much.
It is worth mentioning that this morning, A shares fell collectively, and many bull stocks fell. Today, China Mobile, which went public, did not gain much. Externally, the US capital market fluctuated greatly last night, Nasdaq fell sharply, and the yield of government bonds rose significantly, so the market may start to worry about inflation. Coupled with the epidemic, on the one hand, there may be expectations.
Read the report!
The General Administration of Market Supervision issued tickets intensively.
65438+1 0.5, the General Administration of Market Supervision issued a 13 penalty decision, including 8 for Tencent Holdings, 2 for Ali, and 0 for Li Li/kloc.
Most of these punishments involve anti-monopoly. Take the first punishment for Tencent and Sequoia as an example. The market decision book is written like this:
According to the Anti-monopoly Law of the People's Republic of China (hereinafter referred to as the Anti-monopoly Law) and the Interim Provisions on Centralized Examination of Operators, this machine acquired Guangxi Jiaojiu Network Technology Co., Ltd. from Tencent Holdings Limited (hereinafter referred to as Tencent) and Shenzhen Sequoia Chen Yu Equity Investment Partnership (limited partnership) (hereinafter referred to as Sequoia Chen Yu) in August, 2002.
After investigation, the case constituted an illegal concentration of business operators and was not declared according to law, but it did not have the effect of excluding or restricting competition. In accordance with the provisions of the Administrative Punishment Law of the People's Republic of China (hereinafter referred to as the Administrative Punishment Law), this organ served the Notice of Administrative Punishment to Tencent and Sequoia Chen Yu Company, informing the parties of the contents, facts, reasons and basis of the administrative punishment to be imposed, and informing them of their rights to make statements, defend themselves and request a hearing according to law. Tencent and Sequoia Chen Yu waive the right of written statement, defense and request for hearing. The case has been investigated and the trial has ended.
According to the conclusion of investigation and evaluation, this organ decided to give Tencent and Sequoia Chen Yu an administrative penalty of 500,000 yuan each.
The same is true of the administrative punishment decision on the case that Hangzhou Ali Venture Capital Co., Ltd., Zhengzhou Xunjie Trading Co., Ltd. and Guiyang Radio and Television Media Group Co., Ltd. acquired the equity of Guizhou Pan Asia ICT Network Technology Co., Ltd. without reporting in accordance with the law and illegally implementing the concentration of operators.
Besides Tencent and Ali, he was also punished this time. On June 65438+1October 65438+June 6, 2020, Billie and macaroon signed the B-round preferred stock subscription agreement. After the transaction, they held the shares of macaroon 14.7 1% and obtained the same control rights. The registration of equity change was completed on February 14, 2020.
According to Article 20 of the Anti-Monopoly Law, "concentration of operators refers to the following situations: (1) merger of operators; (2) An operator obtains control over other operators by acquiring equity or assets; (3) An operator obtains control over other operators through contract or other means, or can exert decisive influence on other operators ". On June 65438+1October 65438+June 6, 2020, Blilly acquired the equity of 14.7 1% in macaroon, and obtained the same control right, which belongs to the concentration of operators stipulated in Article 20 of the Anti-Monopoly Law. According to the investigation and evaluation conclusion, this organ decided to impose an administrative penalty of 500,000 yuan on Li Li.
Judging from the above penalty amount, it should have little impact on the operating performance of the punished company. However, from the perspective of growth, it may affect the future extension growth pattern of these companies.
Tencent Holdings fell more than 3% this morning.
But Ali has not been greatly affected. It is reported that Munger once again significantly increased his holdings of Alibaba.
The decline was the largest, with a drop of more than 8%.
A shares flameout across the board
However, the A-share market in these two days is a bit worrying. Yesterday, although the index fell across the board, most stocks rose. This morning, the index plummeted in an all-round way, and individual stocks also turned off completely. The bull stocks that rose sharply in the previous period plummeted across the board. For example, Jiu 'an Medical and Jianmin Group. The new energy track and the emerging Chinese medicine track collapsed across the board.
China Mobile, which went public today, also performed poorly, with an early closing price of only 3.8%, but it did not break.
Banking stocks are relatively strong, indicating that funds are entering the safe haven area.
What happened to make the market so nervous? Analysts believe that it may be related to the periphery. Although the external market has been slightly stronger recently, the Nasdaq fluctuated greatly yesterday, which had a great impact on the yield trend of US Treasury bonds. The yield of US 10-year treasury bonds broke through 1.65% last night. This means that the market may be more worried about inflation.
On the other hand, due to the epidemic, the IMF delayed the release of economic forecasts. According to the statistics of Johns Hopkins University, as of 7: 22 on October 4th, 2022, the cumulative number of confirmed cases in COVID-19 reached 5609119, and the cumulative death toll reached 82770 1. In the past 25 hours, there were new confirmed cases 102 1772 and new deaths 1695 in the United States.
According to Tokyo 65438+1October 4th news agency, Japanese Prime Minister kishida fumio said on Tuesday that he had given up his visit to the United States and Australia for face-to-face leaders' talks before the start of the regular session of the National Assembly in mid-June 65438+1October, and would concentrate on dealing with the COVID-19 epidemic in China. The reappearance of the global COVID-19 epidemic may affect the expectation of economic recovery, and the market may start to expect stagflation. It is reported that the Fed may raise interest rates four times this year. Musk expects a financial crisis this year.
Ali, Tencent, and Bi Li were punished and fined 13. Nine cases were related to Tencent. The website of the General Administration of Market Supervision published 13 cases of administrative punishment, involving Tencent, Billy, Alibaba, JD.COM and other related enterprises. Among them, Tencent was fined 4.5 million yuan, Alibaba related companies were fined 6.5438 million yuan, Billie Billie was fined 500,000 yuan, and JD.COM. COM related companies were fined 500,000 yuan. It is worth noting that there are as many as 9 cases of administrative punishment related to Tencent.
Tencent related:
Specifically, Tencent Holdings acquired the equity of IngageApp Global Limited, Tencent Holdings acquired the equity of Beijing Niannian Sharing Technology Development Co., Ltd., Qingdao Hisense Network Technology Co., Ltd. and Tencent Holdings established a joint venture, and Tencent Holdings established a joint venture with Henan Harmony Automobile Trading Co., Ltd. Tencent Holdings and Shanghai Huasheng Ling Fei Equity Investment Partnership (Limited Partnership) acquired the equity of Beijing Luo Ming Software System Co., Ltd., Tencent Holdings acquired the equity of Beijing Youhu Technology Development Co., Ltd., Tencent Holdings acquired the equity of Yonghui Yunchuang Technology Co., Ltd., Tencent Holdings acquired the equity of VERSA Inc, and Tencent Holdings and Shenzhen Sequoia Chen Yu Equity Investment Partnership (Limited Partnership) acquired the equity of Guangxi Jiaojiu Network Technology Co., Ltd. and made an administrative penalty decision.
Tencent Holdings and Shenzhen Sequoia Chen Yu Equity Investment Partnership (Limited Partnership) acquired the equity of Guangxi Jiujiu Network Technology Co., Ltd. After investigation, the case constituted illegal concentration of operators, but it did not have the effect of excluding and restricting competition. In this case, the transaction is an equity acquisition. On1October 26th, 2020, 165438+ Tencent (through Guangxi Tencent Venture Capital Co., Ltd., hereinafter referred to as Guangxi Tencent) and Sequoia Chen Yu signed the Capital Increase Agreement, Shareholders Agreement and Equity Transfer Agreement with the original shareholders of Jiu Xiaoer. Guangxi Tencent and Sequoia Chen Yu acquired 92 10% and 6% equity respectively through capital increase and equity acquisition, and obtained the same control rights. After the transaction, Tencent * * * holds 9Xiaoer 12. 175% and Sequoia Chen Yu holds 6%. According to the conclusion of investigation and evaluation, the General Administration of Market Supervision decided to impose administrative penalties of 500,000 yuan on Tencent and 500,000 yuan on Sequoia Chen Yu.
Qingdao Hisense Network Technology Co., Ltd. and Tencent Holdings Co., Ltd. set up a joint venture company. Based on the conclusion of investigation and evaluation, the General Administration of Market Supervision decided to impose an administrative penalty of 500,000 yuan on Hisense Network Branch and Tencent Company respectively.
Tencent Holdings and Henan Harmony Automobile Trading Co., Ltd. set up a joint venture company. Based on the conclusion of investigation and evaluation, the General Administration of Market Supervision decided to impose an administrative penalty of 500,000 yuan on Tencent and Harmony Automobile respectively.
Tencent Holdings and Shanghai Huasheng Ling Fei Equity Investment Partnership (Limited Partnership) acquired the equity of Beijing Luo Ming Software System Co., Ltd., and in 20 17 years, the parties to the transaction signed an equity transfer and capital increase agreement, and Tencent and Ling Fei respectively acquired 3.0208% (omitted) equity of Luo Ming Data. 20 17, Luo Ming data completed the registration of shareholder change. According to the conclusion of investigation and evaluation, the General Administration of Market Supervision decided to impose an administrative penalty of 500,000 yuan on Tencent and Ling Fei respectively.
Tencent Holdings Limited acquired the equity of Yonghui Yunchuang Technology Co., Ltd., and on February 1 day, 2065438, Tencent signed the Sino-foreign Joint Venture Contract with Yonghui Yunchuang and Yonghui Co., Ltd. through its subsidiary Linzhi Tencent Technology Co., Ltd., and subscribed for 0/5% equity of Yonghui Yunchuang1day, obtaining the same control rights. On March 23, 20 18, the registration of equity change was completed. Based on the conclusion of investigation and evaluation, the General Administration of Market Supervision decided to impose an administrative penalty of 500,000 yuan on Tencent.
Tencent Holdings Limited acquired the equity of VERSA Inc, 201110/0/2/0/0. Tencent, through its holding subsidiary, Picture Frame Investment (Hong Kong) Co., Ltd., signed the A Series Preferred Stock Purchase Agreement with Fantu of macaroon, and obtained the equity of Fantu 15.5% in macaroon. After the transaction is completed, Tencent holds a total of 65,438+05.5% of the issued shares of macaroon Fantu, and jointly controls the target company with the original shareholders Cai Tianyi and Zhao, Zhenge Fund and Sequoia China. Based on the conclusion of investigation and evaluation, the General Administration of Market Supervision decided to impose an administrative penalty of 500,000 yuan on Tencent.
Ali related:
Specifically, Alibaba (China) Network Technology Co., Ltd. (hereinafter referred to as "Ali Network") and Guiyang Li Xing Department Store Group Co., Ltd. (hereinafter referred to as "Guiyang Li Xing") set up a joint venture company and decided to give Ali Network an administrative penalty of 500,000 yuan; Hangzhou Ali Venture Capital Co., Ltd., Zhengzhou Xunjie Trading Co., Ltd. and Guiyang Radio and Television Media Group Co., Ltd. failed to declare the decision of administrative punishment for illegally implementing the case of concentration of operators, and decided to give Ali Venture Capital, Zhengzhou Xunjie and Guiyang Radio and Television a fine of 500,000 yuan each.
It is reported that on February 9, 2008+2065438, Ali Network signed an agreement with Li Xing in Guiyang to set up Guizhou Xinghe Zongheng Network Technology Co., Ltd. to engage in the supermarket business operated by Boxma Xiansheng Store in Guiyang. Ali Network and Guiyang Li Xing respectively hold 50% of the equity of the joint venture company and implement the same control. On March 20, 20 18, the joint venture company was established and obtained the business license. On August, 20265438, the General Administration of Market Supervision filed an investigation on the above cases. After investigation, the case constituted an illegal concentration of business operators and was not declared according to law, but it did not have the effect of excluding or restricting competition.
In addition, on June 5, 2005, 2065438, Ali Venture Capital, Zhengzhou Xunjie and Guiyang Radio and Television signed a capital increase agreement, and Zhengzhou Xunjie, Ali Venture Capital and Guiyang Radio and Television acquired 4 1.67%, 25% and 25% equity of Pan Asia ICT by subscription capital increase respectively. 2065438+On July 24th, 2005, Pan-Asia ICT completed the registration procedures of equity change. Ali Venture Capital, Zhengzhou Xunjie and Guiyang Radio and Television acquired the equity of Pan Asia ICT and obtained the same control rights, which belongs to the concentration of operators stipulated in Article 20 of the Anti-Monopoly Law. 2065438+On July 24th, 2005, Pan-Asia ICT completed the registration of equity change, but failed to declare it according to law before, which violated Article 21 of the Anti-Monopoly Law and constituted a concentration of operators implementing the law.
Mileage is related to mileage:
The State Administration of Market Supervision decided to impose an administrative penalty of 500,000 yuan on the case of undeclared illegal acquisition of VERSA Inc by operators.
According to the penalty decision, according to the Anti-monopoly Law of the People's Republic of China (hereinafter referred to as the Anti-monopoly Law) and the Interim Provisions on Centralized Examination of Operators, the General Administration of Market Supervision was suspected of failing to declare the illegal act of acquiring the equity of VERSA Inc (hereinafter referred to as macaroon) by Billie Billie Company on September 3, 20021year.
After investigation, the case constituted an illegal concentration of business operators and was not declared according to law, but it did not have the effect of excluding or restricting competition. In accordance with the provisions of the Administrative Punishment Law of the People's Republic of China (hereinafter referred to as the Administrative Punishment Law), this organ served the Notice of Administrative Punishment to Bi Li, Bi Li, informing the parties of the contents, facts, reasons and basis of the administrative punishment to be imposed, and informing them that they have the right to state, defend and request a hearing according to law. Give up the right to state, defend and request a hearing in writing. The case has been investigated and the trial has ended.
JD.COM related:
The Anti-monopoly Bureau of the State Administration of Market Supervision informed that this machine initiated an investigation on the joint venture between Ningbo Yuheng Health Investment Co., Ltd. and Jiangsu JD.COM Boneng Investment Management Co., Ltd. on August 2, 20021. According to the conclusion of investigation and evaluation, it was decided to impose an administrative penalty of 500,000 yuan on Ningbo Yuheng and JD.COM Bangneng respectively.
On April 8th, 20 16, Ningbo Yuheng signed an agreement with JD.COM Boneng to set up a joint venture company Ningbo Yudong Health Technology Co., Ltd. in Ningbo, Zhejiang, with Ningbo Yuheng and JD.COM Boneng holding 70% and 30% shares respectively. On May 23, 20 16, the joint venture obtained the business license. Ningbo Yuheng and JD.COM Boneng set up a joint venture company, holding 70% and 30% shares respectively, and jointly controlling the joint venture company, which belongs to the concentration of operators stipulated in Article 20 of the Anti-Monopoly Law. 2065438+On May 23, 2006, the joint venture company obtained the business license, but failed to declare it according to law before, which violated Article 21 of the Anti-Monopoly Law and constituted the concentration of illegal operators.
After investigation, the case constituted an illegal concentration of business operators and was not declared according to law, but it did not have the effect of excluding or restricting competition. In accordance with the provisions of the Administrative Punishment Law of the People's Republic of China (hereinafter referred to as the Administrative Punishment Law), this organ served the Notice of Administrative Punishment to Ningbo Yuheng and JD.COM Bangneng, informing the parties of the contents, facts, reasons and basis of the administrative punishment to be imposed, and informing them of their rights to state, defend and request a hearing according to law. Ningbo Yuheng and JD.COM State can waive the right to state, defend and request a hearing in writing. The case has been investigated and the trial has ended.
Ali, Tencent, and Li Li were punished, 13 votes, and 9 votes were related to Tencent. One day, 13 tickets were issued, and the General Administration of Market Supervision once again cracked down on monopoly!
10.5,65438, the website of the General Administration of Market Supervision published a number of administrative punishment cases, including Tencent, Alibaba, Didi Chuxing, etc., and many enterprises involved were fined 500,000 yuan. Of the 13 votes, 9 are related to Tencent.
Judging from the relevant administrative punishment decisions issued by the General Administration of Market Supervision, Tencent, Alibaba and Blilly were all subject to administrative punishment for failing to declare the illegal concentration of operators according to law when acquiring shares of other companies or establishing joint ventures.
What is the concentration of operators? According to the Anti-Monopoly Law, concentration of operators refers to the following situations: merger of operators; Operators obtain control over other operators by purchasing equity or assets; Operators obtain control over other operators through contracts or can exert decisive influence on other operators.
Article 21 of the Anti-Monopoly Law stipulates that if the concentration of business operators meets the reporting standards set by the State Council, the business operators shall report to the anti-monopoly law enforcement agencies in the State Council in advance, and the concentration shall not be implemented if they fail to report.
Article 48 of the Anti-Monopoly Law stipulates that "if an operator violates the provisions of this law to implement concentration, the anti-monopoly law enforcement agency of the State Council shall order him to stop concentration, dispose of shares or assets within a time limit, transfer his business within a time limit and take other necessary measures to restore the state before concentration, and may also impose a fine of less than 500,000 yuan".
Article 49 stipulates that "for the fines stipulated in Articles 46, 47 and 48 of this Law, the anti-monopoly law enforcement agencies shall consider the nature, degree and duration of the illegal act when determining the specific amount of fines".
202 1, "antitrust" is a well-deserved hot word. This year, China issued the Anti-monopoly Guide for Platform Economy to strengthen anti-monopoly and prevent disorderly expansion of capital. 1 18 10 18, the state administration of markets listed the state anti-monopoly bureau. In accordance with the decision-making arrangements made by the CPC Central Committee and the State Council, the management departments carried out anti-monopoly and anti-unfair competition rectification in a timely manner, and maintained the market order of fair competition according to law, and achieved initial results.
Internet platform giants such as Alibaba, Tencent and Meituan received administrative punishment from the General Administration of Market Supervision last year.
On 20021April 10, the General Administration of Market Supervision issued a circular confirming that Alibaba has a dominant position in the online retail platform service market in China. Since 20 15, it has abused this dominant position and asked the merchants in the platform to choose one from the other. According to the Anti-Monopoly Law, Alibaba Group was ordered to stop its illegal activities and imposed a fine of 2,065,438+4% of its sales in China in 2009, amounting to182.28 million yuan.
On 20021July 10, the merger of Tiger Tooth and Betta Fish led by Tencent was stopped, which became the first case in the field of platform economy in China to prohibit the concentration of operators.
On July 24th, 20021year, the General Administration of Market Supervision made an administrative punishment decision on the illegal concentration of the operators who acquired the equity of Zhongle Group by Tencent Holdings Limited (hereinafter referred to as Tencent), and ordered Tencent and its affiliated companies to cancel the exclusive copyright, stop the payment of copyright fees such as high advance payment, and resume market competition.
On October 8, 2002/kloc-0 10, Meituan was given an administrative penalty by the General Administration of Market Supervision for implementing the monopoly of "buy two get one free" in the service market of online catering take-out platform in China, and was ordered to stop its illegal behavior, return the exclusive cooperation deposit in full12.89 million yuan, and make a decision on its participation in China in 2020.