Punitive Damages for Trademark Infringements in China - Developments and Best Practices | Perkins Coie jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
China’s market regulator fines 5 platforms over price war to grab share
Zhang Dan and Yang Kunyi Published: Mar 03, 2021 08:38 PM
A resident selects vegetables at a supermarket in Xiangfang District of Harbin, northeast China s Heilongjiang Province, Jan. 30, 2021. Price and supply of daily necessities are stable in Harbin amid the ongoing COVID-19 pandemic, local authorities told a press briefing here on Saturday. (Xinhua/Wang Jianwei)
China s State Administration for Market Regulation (SAMR) fined five community group-buying online platforms on Wednesday citing improper price competition practices, a move that shows the country s strengthening supervision of emerging online businesses and efforts to deter technology giants from becoming monopolistic in their businesses.
Feb 17, 2021
HONG KONG – Since the Chinese authorities suddenly halted fintech conglomerate Ant Group’s planned initial public offering in autumn 2020, its parent company, e-commerce king Alibaba, has been facing harsh regulatory scrutiny. On Christmas Eve, China’s antitrust authority announced that it was investigating the firm’s exclusive business practices. And Alibaba’s founder, Jack Ma, recently eased concerns regarding his fate by appearing in public for the first time since last October, when he delivered a speech criticizing financial regulation in China.
The mere announcement of the investigation into Alibaba wiped more than $100 billion off the firm’s market value overnight. Given the Chinese government’s huge regulatory power, investors are rightly anxious about Alibaba’s prospects. But the government’s sudden and aggressive move against the firm also reveals much about the regulatory regime’s weaknesses.
the E-commerce Law;
judicial policy, interpretations and guidelines issued by the
Supreme Court on issues such as jurisdiction, application of laws,
conflicts of rights, preliminary injunctions and evidence
preservation, among other things, in trademark-related
administrative, civil or criminal litigation;
rules, regulations or guidelines on trademark protection issued
by the competent authorities (eg, the Chinese National Intellectual
Property Administration (CNIPA), the State Administration for
Market Regulation (SAMR), the General Administration of Customs,
the Ministry of Public Security and the Supreme People s
Procuratorate);
guiding cases or typical cases published by the Supreme Court;
and
reference cases published by local High Courts, among