China News Service, December 14th. The Antimonopoly Bureau of the State Administration for Market Regulation issued an administrative penalty decision on its official website on the 14th, regarding Alibaba Investment Co., Ltd.'s acquisition of equity in Yintai Commercial (Group) Co., Ltd., and China Reading Group's acquisition of Xinli Media Holdings. Co., Ltd. and Shenzhen Fengchao Network Technology Co., Ltd. acquired the shares of China Post Zhide Technology Co., Ltd. for three cases of failing to declare the illegal implementation of the concentration of undertakings in accordance with the law. Administrative penalty decisions were made.

　　Based on the investigation and evaluation conclusions, the State Administration for Market Regulation imposed a fine of RMB 500,000 on Alibaba Investment Co., Ltd., China Reading Group and Fengchao Network Technology Co., Ltd. respectively.

　　According to the "Anti-Monopoly Law", the State Administration for Market Regulation on November 4, 2020, on Alibaba Investment Limited (Alibaba Investment Limited, referred to as Alibaba Investment) to acquire the equity of Yintai Commercial (Group) Co., Ltd. (abbreviated as Yintai Commercial) failed in accordance with the law Report an illegal implementation of the concentration of business operators for investigation.

　　After investigation, the case constitutes a concentration of business operators that has not been declared illegally implemented in accordance with the law, but it does not have the effect of eliminating or restricting competition.

In accordance with the provisions of the Administrative Punishment Law, the State Administration for Market Regulation served Alibaba Investment with an "Administrative Punishment Notice", informing it of the facts, reasons, evidence, punishment content, and its legal enjoyment of the administrative punishment decision. Rights, the right to argue and the right to request a hearing.

Alibaba Investment waived the right to make statements, defenses and request hearings in a written letter.

The investigation and trial of this case have now been concluded.

　　According to the "Anti-Monopoly Law", the State Administration for Market Regulation acquired New Classics Media Limited (New Classics Media Limited, hereinafter referred to as Xinli Media) from China Literature Limited (hereinafter referred to as China Literature Limited) on November 4, 2020. ) Suspected of failing to declare the illegal implementation of the concentration of undertakings in accordance with the law, for investigation.

　　After investigation, the case constitutes a concentration of business operators that has not been declared illegally implemented in accordance with the law, but it does not have the effect of eliminating or restricting competition.

In accordance with the provisions of the Administrative Punishment Law, the State Administration for Market Regulation served the "Administrative Punishment Notice" to the reader, informing it of the facts, reasons, evidence, and punishment content of the administrative punishment decision, as well as its right of presentation according to law , The right of defense and the right to request a hearing.

Reading the written communication waives the right to make a statement, defense and request a hearing.

The investigation and trial of this case have now been concluded.

　　According to the "Anti-Monopoly Law", the State Administration for Market Regulation acquired China Post Zhidi Technology Co., Ltd. (hereinafter referred to as China Post Zhidi) from Shenzhen Fengchao Network Technology Co., Ltd. (hereinafter referred to as Fengchao Network) on June 23, 2020 The suspected of failing to declare the illegal implementation of the concentration of undertakings in accordance with the law was initiated for investigation.

　　After investigation, the case constitutes a concentration of business operators that has not been declared illegally implemented in accordance with the law, but it does not have the effect of eliminating or restricting competition.

In accordance with the provisions of the Administrative Punishment Law, the State Administration of Market Supervision delivered the Administrative Punishment Notice to Fengchao Network, informing it of the facts, reasons, evidence, punishment content, and the statement that it is entitled to in accordance with the law. Rights, the right to argue and the right to request a hearing.

Fengchao Network waived the right to make statements, defenses and request a hearing in a written letter.

The investigation and trial of this case have now been concluded.