--- title: "SAMR, China’s High Regulator Fined Alibaba and Tencent for Failing Deals" description: "China's regulator announced to penalise units of Alibaba and Tencent with other companies for failing the anti-monopoly regulations related to transa" author: "Siddhi Shaw" published: 2022-07-12 canonical: https://www.mindstick.com/news/1747/samr-china-s-high-regulator-fined-alibaba-and-tencent-for-failing-deals category: "technology" tags: ["technology", "china sourcing agent", "tech companies"] reading_time: 2 minutes --- # SAMR, China’s High Regulator Fined Alibaba and Tencent for Failing Deals China's high market regulator on Wednesday has announced that it has penalised units of Alibaba and Tencent along with more number of other companies for failing the anti-monopoly regulations regarding the [disclosure](https://answers.mindstick.com/qa/35119/which-film-is-similar-to-disclosure) of [transactions](https://www.mindstick.com/interview/864/explain-acid-rule-of-thumb-for-transactions). ``` HIGHLIGHTS Alibaba and Tencent were fines for failing deals China's SAMR had put penalties of 500,000 yuan on the different companies Tech giants were mainly targeted to target the unreported deals ``` As per the public filings, China's **State Administration for Market [Regulation](https://answers.mindstick.com/qa/39205/the-aditya-birla-idea-payments-bank-has-started-operations-as-per-which-section-of-the-banking-regulation-act-1949-the-rbi-issued-licence-to-the-bank) (SAMR)** had put penalties of **500,000 yuan** ($78,692) on the different companies according to per deal most of these were basically under the China's 2008 anti-monopoly law. Around 28 transactions were there which broke the rules was especially published by the SAMR. According to the reports, almost 5 [Alibaba](https://www.mindstick.com/news/1149/alibaba-will-design-its-own-chips-pushed-by-china-promoting-self-reliance) entities were there which got engaged along with a 2021 purchase of ownership in its subsidiary, the streaming service was **Youku Tudou**. Well, 12 of the transactions on SAMR’s list had involved Tencent. **Alibaba**, **Bilibili**, and **Tencent** had not responded immediately to the requests for comment. The penalties had come amid an ongoing regulatory crackdown on a variety of [industries](https://answers.mindstick.com/qa/44864/who-is-the-minister-of-food-processing-industries) in [China](https://www.mindstick.com/news/1650/fbi-director-claims-iran-russia-and-china-to-be-the-sponsored-nations-for-global-cyberattacks), keeping the [tech](https://www.mindstick.com/services/technologies) sector as a main target. SAMR was particularly seen to target the unreported deals which would involve the [tech giants](https://www.mindstick.com/news/1273/u-s-bills-targeting-big-tech-companies-ready-to-bridle-google-facebook-and-others) as main targets. During the last November, 43 [investments](https://www.mindstick.com/news/2678/5g-services-in-india-to-attract-rs-1-5-lakh-crore-in-investments-in-2023) were listed that the companies have been failed to report and levied a 500,000 yuan fine for each and every one. Also Read: [China plans to beat NASA in terms of returning samples of Mars to Earth](https://www.mindstick.com/news/1688/china-plans-to-beat-nasa-in-terms-of-returning-samples-of-mars-to-earth) --- Original Source: https://www.mindstick.com/news/1747/samr-china-s-high-regulator-fined-alibaba-and-tencent-for-failing-deals Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.