Antitrust Antitrust

Baidu expects to receive maximum fine from Chinese regulator for notification failure

By MLex Staff
  • 10 Mar 2021 00:27
  • 10 Mar 2021 00:27
Baidu, China’s Nasdaq-listed search engine, expects to receive a maximum fine of 500,000 yuan ($76,577) from the country’s top competition regulator for a notification failure.

Last December, the State Administration for Market Regulation, or SAMR, announced for the first time results of three penalty cases involving non-compliance of VIE merger notifications, imposing fines

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