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Market Regulators Fine Tencent and Bilibili for Unreported Investments

By Weilin Li
Jul. 12, 2022 updated 03:25

Tencent and Bilibili have received 12 and three punishment decisions, respectively, from The State Administration for Market Regulation (SAMR) for failing to report investments that meet the requirements of regulative reviews.

Their behavior was considered to have gone against the Anti-Monopoly Law and rules. While most of Tencent’s cases are in the technology and entertainment areas, Bilibili’s three cases all relate to anime and game production areas, and each case resulted in a 500,000 CNY (~74,300 USD) fine.

The first of Bilibili’s three cases is its investment in L Square Culture Communication to acquire a 7.32% stake, and the second case is Bilibili’s purchase of an 8% stake in Shanghai Foch Film and TV Culture Investment Co., Ltd.

The third case is Bilibili’s deal with HoYoverse and Beijing Qixin Technology Co., Ltd to purchase a 15% stake in the latter company, which is well-known for its digital art outsourcing platform Mi Huashi.

Source: SAMR