Enterprises involved in the cases would be fined CNY 500,000
each, it said, the maximum under China's 2008 Anti-Monopoly Law.
Alibaba, Baidu, JD.com, and Geely did not immediately
respond to requests for comment.
China has been tightening its grip on internet platforms,
reversing a once laissez-faire approach and citing the risk of abusing market
power to stifle competition, misuse of consumers' data and violation of
consumer rights.
The earliest deal listed was a 2012 acquisition involving
Baidu and a partner, and the most recent was the 2021 agreement between Baidu
and Chinese automaker Zhejiang Geely Holdings to create a new-energy vehicle
company.
Other deals cited by the State Administration of Market
Supervision included Alibaba's 2014 acquisition of Chinese digital mapping and
navigation firm AutoNavi and its 2018 purchase of a 44 percent stake in Ele.me
to become the food delivery service's largest shareholder.
The deals, however, did not have the effect of eliminating
or restricting competition, the regulator said.
In December last year, it fined Alibaba, Tencent-backed
China Literature and Shenzhen Hive Box CNY 500,000 each for not reporting past
deals properly for antitrust reviews, the first time it had ever done so. © Reuters
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