China market regulator fines 12 companies for illegal monopolistic behaviours
BEIJING (Reuters) – China’s market regulator said on Friday it has fined 12 companies related to 10 deals that demonstrated illegal monopolistic behaviours.
The State Administration for Market Regulation said in a statement on Friday that the companies include Baidu Inc, Tencent Holdings, Didi Chuxing, and ByteDance-backed firm.
Baidu, Tencent, ByteDance and Didi did not immediately respond to requests for comment.
Molson Coors says cyberattack impacting brewing operations
Molson Coors Beverage Co. said Thursday it has been hit by a cyberattack that disrupted its brewing operations and shipments.
In a regulatory filing, the Chicago-based company said it has hired forensic information technology experts and legal counsel to help it investigate the incident.
“The company is working around the clock to get its systems back up as quickly as possible,” Molson Coors said in its filing.
Molson Coors wouldn’t say how many facilities were impacted. The company operates seven breweries and packaging plants in the U.S., three in Canada and 10 in Europe.
In addition to its namesake brews, its brands include Miller Lite, Pilsner Urquell and Blue Moon.
Molson Coors also wouldn’t say if the cyberattack was related to a global hack of servers running Microsoft Exchange email software. That breach has impacted small businesses, law firms, city governments and manufacturers.
It’s not the first time a major beverage maker has been targeted in a cyberattack.
In November, Milan-based Campari Group said it was the victim of a ransomware attack that caused a temporary technology outage and compromised some business and personal data.
China's market regulator fines 12 companies for 'illegal monopolistic behavior'
- China's market regulator said on Friday it has fined 12 companies related to 10 deals that demonstrated illegal monopolistic behavior.
- The State Administration for Market Regulation said in a statement on Friday that the companies include Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm.
- Companies were fined 500,000 yuan ($77,000) each, according to the statement.
China's market regulator said on Friday it has fined 12 companies related to 10 deals that demonstrated illegal monopolistic behavior.
The State Administration for Market Regulation (SAMR) said in a statement on Friday that the companies include Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm.
Companies were fined 500,000 yuan ($77,000) each, according to the statement.
Tencent said in a statement it would actively rectify operations and report timely to the regulator in future cases.
Baidu, ByteDance, Didi and SoftBank did not immediately respond to requests for comment.
China has stepped up its scrutiny of the country's internet giants in recent months and has in particular cited concerns over monopolistic behavior and potential infringements of consumer rights.
The SAMR has fined Alibaba, Tencent-backed China Literature and other firms for not reporting deals properly for anti-trust reviews. The agency also fined an auto-related deal yesterday.
EssilorLuxottica H2 Profit Climbs; Declares Dividend; Says Starting FY21 With Confidence
French ophthalmic company EssilorLuxottica SA (ESLOF.PK,ESLOY.PK) Friday reported that its second-half net profit attributable to owners of the parent climbed 22.2 percent to 496 million euros from last year’s 406 million euros.
Adjusted attributable net profit was 781 million euros, compared to 891 million euros last year.
Operating profit grew 29.7 percent to 830 million euros.
Revenue, meanwhile, dropped 4.8 percent to 8.20 billion euros from last year’s 8.61 billion euros. At constant currency rates, revenues edged up 0.3 percent.
Further, the Board of Directors will recommend that shareholders at the Annual Meeting to be held on May 21, 2021 approve the payment of a final dividend of Euro 1.08 per share.
Looking ahead, EssilorLuxottica said it is starting 2021 with confidence in its ability to outperform the eyecare and eyewear industry, thanks to continued innovation in products and processes and ongoing evolution of the consumer journey.
UPDATE 3-Japan Post takes 8% stake in Rakuten in logistics tie-up
(Recasts on company announcement)
TOKYO, March 12 (Reuters) – Japanese e-commerce firm Rakuten Inc said it will tie up with Japan Post Holdings Co Ltd in logistics with the postal and banking giant also taking an 8% stake in Rakuten as competition heats up with rival Amazon.com Inc.
Rakuten, whose services include e-commerce, telecoms and payments, competes with Amazon in the world’s third-largest economy, though it has far less of a global reach.
Last year it acquired a 20% stake in Walmart Inc’s Japanese unit. It has had a partnership with the unit, Seiyu, since 2018.
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