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Chinese academic database fined by antitrust watchdog

Published 12/26/2022, 03:44 AM
Updated 12/26/2022, 03:45 AM
© 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

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.

© 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

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

($1 = 6.9601 Chinese yuan renminbi)

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