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Chinese academic database fined by antitrust watchdog

Chinese academic database fined by antitrust watchdog
© Reuters. FILE PHOTO: A security surveillance camera overlooking a street is pictured next to a nearby fluttering flag of China in Beijing, China November 25, 2021. REUTERS/Carlos Garcia Rawlins

 

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BEIJING (Reuters) – China’s State Administration for Market Regulation (SAMR) has fined China National Knowledge Infrastructure (CNKI) 87.6 million yuan ($12.6 million) for abusing a “dominant market position”, the watchdog said on its website on Monday.

SAMR launched an antitrust investigation into the Chinese academic database in May.

($1 = 6.9601 Chinese yuan renminbi)

Source: Investing.com

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