China’s State Administration for Market Regulation (SAMR) slapped China National Knowledge Infrastructure with a $12.6 million (87.6 million yuan) fine for abusing its dominant market position.
According to the South China Morning Post, the fine is equivalent to 5% of CKNI’s $251 million (1.75 billion yuan) generated last year.
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China fines top academic database over $12 million for monopoly
China fines top academic database over $12 million for monopoly
China's State Administration for Market Regulation (SAMR) slapped China National Knowledge Infrastructure with a $12.6 million (87.6 million yuan) fine for abusing its dominant market position.
According to the South China Morning Post, the fine is equivalent to 5% of CKNI's $251 million (1.75 billion yuan) generated last year.
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#SpotlightOnChina #China #ChinaInsights
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