China’s Antitrust Regulator is preparation for a Possible Investigation INTO’s Policies and App Store Fees, Bloomberg News reported on Wednsday, Citing People Familiar with the Matter.
The Development Comes a Day after China Announced Measures Targeting Us Businesses Including GoogleFarm Equipment makers and the owner of fashion brand calvin klein, minutes after new us tarifs on Chinese Goods Took Effect.
The Country’s State Administration for Market Regulation is reviewing Apple’s Policies, Including its commission of up to 30 percent on in -pp purchases and restrictions on external payment services and App storesThe report said.
Shares of Apple Were down 2.6 percent in us Premarket Trading.
Chinese regulators have been in discusations with Apple Executives and App Developers Since Last Year, as per the report.
Apple and China’s Antitrust Regulator did not immediatily respond to reuters’ request for comment.
The regulator said on tuesday that google was suspended of Violating The Country’s Anti-monopoly law. It did not provide further details on the investment or on what it alleged google has done to breach the law.
On Tuesday, Tsinghua University Professor Zhang Chenying Wrote in an article published in the state-Owned people’s daily newspaper that the probe may be related to Google’s Android Operating System Biusines.
Google Had Used Its Dominant Position to Impose Restrictions and Constraints on Chinese Mobile Phone Manufacturers in Terms of Technology and Business, SHE SAI SID WHED WHET Detailing with From from.
Separately, China’s Commerce Ministry Said It Had Put Pvh Corp, The Holding Company for Brands Including Calvin Klein and Tommy Hilfiger, and Us BioM Illumina on our Entity “List.
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