Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • <asian-news.net

China to launch probe into Google over alleged antitrust violations

China said Tuesday it will launch an investigation into Google over alleged antitrust violations.

The country's State Administration for Market Regulation said that it would initiate an investigation into the technology giant because of alleged violations of China's anti-monopoly law, according to a Google translation of the official statement.

The statement followed closed on the heels of China announcing additional tariffs on select U.S. goods.

China's finance ministry said it will levy tariffs of 15% on coal and liquified natural gas imports from the U.S., starting Feb. 10. It will also impose 10% higher duties on American crude oil, farm equipment and certain cars and trucks.

Google stopped its internet and search engine services in China in 2010, but continues some operations including helping Chinese businesses looking to advertise on Google platforms abroad.

The Google investigation could end without any penalties, Julian Evans Pritchard, head of China economics at Capital Economics said in a note.

Google is facing regulatory scrutiny in several countries including the U.S.

The company lost a lawsuit in August filed by the U.S government in 2020. It accused the firm of having a monopoly in the general search market by creating strong barriers to entry.

Following the ruling, the U.S. Department of Justice pushed in November for Google to divest its Chrome browser. The department also argued that Google should not be allowed to enter into exclusionary agreements with third parties such as Apple and Samsung.

Google is also currently being investigated by the U.K.'s Competition and Markets Authority over whether it has "strategic market status" under a new UK law.

— CNBC's Anniek Bao, Ryan Browne and Jennifer Elias contributed

Read more on cnbc.com
DMCA