What would be a fine for monopoly acts carried out by giant
e-commerce platforms in the People's Republic of
China?
Different cases may provide different answers. For the food
delivery business platform Meituan, the fine imposed was 3.4
billion RMB, 3% of the annual sales; for Alibaba the fine was 18.2
million RMB, 4% of the annual sales; and, more recently, the
Chinese academic database platform CNKI provides a new answer: it
just received a fine notice for 87.6 million RMB, 5% of the amount
of its recent year's annual sales.
After a 7-months investigation, on December 26, 2022 the (P.R.C)
State Administration for Market Regulation (SAMR) issued a fine of
87.6 million RMB to CNKI for its monopoly behavior, amounting to 5%
of its annual sales in 2021.
