Skip to main content

China is preparing an antitrust probe into ― Google

China is preparing an antitrust probe into ― Google

Google to invest $10bn in India, as it becomes investment destination in pandemic

China is preparing to launch an antitrust probe into Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.

The case was proposed by telecommunications equipment giant Huawei last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added.

A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the US, one of the people said.

ALSO READ: How my mum died on my father’s birthday, Davido reveals

The potential investigation follows a raft of actions by US President Donald Trump’s administration to hobble Chinese tech companies, citing national security risks.

This has included putting Huawei on its trade blacklist, threatening similar action for Semiconductor Manufacturing International Corp (better known as SMIC) and ordering TikTok owner ByteDance to divest the short-form video app.

It also comes as China embarks on a major revamp of its antitrust laws with proposed amendments including a dramatic increase in maximum fines and expanded criteria for judging a company’s control of a market.

TechCentral

Vanguard

The post China is preparing an antitrust probe into ― Google appeared first on Vanguard News.


by Temisan Amoye via Vanguard News https://ift.tt/2ENwT1j Best Known Member of the Cabinet Wikipedia

Comments

Popular posts from this blog

UPDATED: Nigeria’s coronavirus cases reach 1,728, fatalities 51

  By David Royal The Nigeria Centre for Disease Control (NCDC) says 196 new cases of coronavirus (COVID-19) have been reported in the last 24 hours, bringing the total number of confirmed cases to 1,728. NCDC also announced that seven more fatalities were recorded, bringing the total number of deaths to 51. The NCDC, in a tweet at about 11:55 p.m. on Wednesday, said the 196 new cases reported were; 87-Lagos, 24-Kano, 18-Gombe, 17-Kaduna, 16-FCT, 10-Katsina, 8-Sokoto, 7-Edo, 6-Borno, 1-Yobe, 1-Ebonyi, 1-Adamawa. The virus has spread to 34 states and the Federal Capital Territory, Abuja. Yobe, according to NCDC report, is the most recent state to record COVID-19 case in the country. According to the agency, Nigeria now has 1,370 active cases recorded as of 11:55 p.m. on April 29, while 307 infected persons have been treated and discharged, with 51 deaths recorded. READ ALSO: US says remdesivir shows ‘clear-cut’ effect in treating coronavirus “On the 29th of April 2020, 196 ...

VIDEO: Nigeria’ll win next nation’s cup, Amaju Pinnick boasts

    The president of The Nigerian Football Federation, Mr Amaju Pinnick has declared that the Super Eagles of Nigeria will win the next Nations Cup, billed to take the place next year 2021. Also read: Lewandowski, Mueller doubles send Bayern second with ‘crazy’ Bielefeld win Vanguard News The post VIDEO: Nigeria’ll win next nation’s cup, Amaju Pinnick boasts appeared first on Vanguard News . by Bankole via Vanguard News https://ift.tt/3mDOklo Best Known Member of the Cabinet Wikipedia

Canal+ increases stake in media giant Multichoice

African media giant, MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month. MultiChoice disclosed on 5 October that Canal+, which is owned by French media conglomerate Vivendi, had acquired 6.5% of its equity. That has now risen to 12% of the company’s total ordinary shares in issue on the JSE. “As a publicly held company, MultiChoice regularly engages with its strategic partners and maintains an open dialogue with the investment community. The group’s policy is not to comment on its individual shareholders nor on its interactions with them,” MultiChoice said in Thursday’s statement. “The company remains committed to acting in the best interests of all shareholders and to create sustainable long-term shareholder value.” MultiChoice shares have risen to a record above R140 this week on Canal+’s buying spree as well as investor speculation that some sor...