#SAMR Regulations

[freyrnigeria]

The landscape of health food and supplements regulations in China has seen significant updates, primarily focused on notification and registration procedures. These changes are critical for businesses aiming to introduce or maintain health food products in the Chinese market. This blog will explore the recent updates, emphasizing the implications for both nutrient supplements and health food with functional claims.

[megabbbmar]

商標登録insideNews: China Issues New Method for Trademark Penalty Calculation | National Law Review

CNIPA and SAMR issue TM penelty Calculation Method On October 30, 2024, China’s National Intellectual Property Administration (CNIPA) and State Administration for Market Regulation (SAMR) jointly released the Notice on Method for Calculating Illegal Business Turnover (Volume) in Trademark Infringement Cases (商标侵权案件违法经营额计算办法). The Method will be used for calculating penalties outside of the…

[lanshengic]

Intel may abandon acquisition of TowerSEMI, pay $353 million termination fee

【Lansheng Technology Information】Intel is expected to abandon its plan to acquire Israeli contract chip maker TowerSEMI for US$5.4 billion, as the time to obtain regulatory approval has entered the countdown.

The deadline for the deal is midnight on Aug. 15, California time, and the companies do not expect to receive Chinese approval by then. According to Reuters, Intel does not plan to negotiate a contract extension, but will pay Tower a termination fee of $353 million.

When Intel initially announced its plans to acquire Tall Semiconductor, it said it would close the deal within 12 months, in mid-February 2023. But with China's State Administration for Market Regulation (SAMR) yet to approve the deal, the companies extended the deal, extending the acquisition period until mid-June and then again until Aug. 15.

So far, the State Administration for Market Regulation has not officially approved the transaction. If it is not approved on the same day (August 15), Intel and Tower will have to extend the "closed period" again, or cancel the transaction.

Intel Chief Executive Pat Gelsinger recently flew to China to try to persuade Chinese regulators to approve the deal, but the outcome is currently unknown.

If the deal is not approved in China by Aug. 15, Intel and Tower may have to resubmit proposals to regulators in the U.S. or Europe in order to extend the shutdown.

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[rnewspost]

Chinese academic database fined by antitrust watchdog By Reuters

Chinese academic database fined by antitrust watchdog By Reuters

© Reuters. FILE PHOTO: A security surveillance camera overlooking a street is pictured next to a nearby fluttering flag of China in Beijing, China November 25, 2021. REUTERS/Carlos Garcia Rawlins BEIJING (Reuters) – China’s State Administration for Market Regulation (SAMR) has fined China National Knowledge Infrastructure (CNKI) 87.6 million yuan ($12.6 million) for abusing a “dominant market…

[abhayhatia]

New Personal Data Privacy Law Passed in China to Protect Online Users

New Personal Data Privacy Law Passed in China to Protect Online Users

China’s National People’s Congress on Friday formally handed a legislation designed to guard on-line person knowledge privateness and can implement the coverage beginning November 1, in accordance with state-media outlet Xinhua. The legislation’s passage completes one other pillar within the nation’s efforts to manage our on-line world and is predicted so as to add extra compliance necessities…

[sidnazpro2020]

Latest News Today - Tencent Ordered to Give Up Exclusive Music Rights in

Latest News Today – Tencent Ordered to Give Up Exclusive Music Rights in

Chinese tech giant Tencent must relinquish its exclusive music label rights, the market regulator said Saturday, after finding that the firm had violated antitrust laws. The ruling is the latest in a crackdown on China’s tech sector after years of runaway growth, as Beijing frets over the companies’ growing influence as well as the security of troves of sensitive consumer data. Tencent acquired a…

[freyrnigeria]

Freyr offers food regulatory services for food supplements in China to ensure compliant market entry. In accordance with SAMR and GACC regulations, these services include product registration, classification, review of label claims, formulation review/ingredient assessment, and dossier compilation.

[crazyboytech]

As China ramps up scrutiny of its tech companies, experts say its antitrust regulator SAMR lacks resources; SAMR only had a staff of about 50 people as of March (Yuan Yang/Financial Times)

As China ramps up scrutiny of its tech companies, experts say its antitrust regulator SAMR lacks resources; SAMR only had a staff of about 50 people as of March (Yuan Yang/Financial Times)

About This Page This is a Techmeme archive page. It shows how the site appeared at 3:30 AM ET, June 19, 2021. The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated. From Mediagazer Josh Noel / @hopnotes: Kate Lindsay / Study Hall: Ken Doctor / Nieman Lab: Source link

[weelectronicstudentreviewstuff]

Alibaba Group Fined Record $2.75 Billion for Anti-Monopoly Violations in China

Alibaba Group Fined Record $2.75 Billion for Anti-Monopoly Violations in China

Chinese regulators have fined Alibaba Group Holding CNY 18 billion ($2.75 billion or roughly Rs. 20,500 crores) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to be imposed in the country. The penalty, equivalent to around four percent of Alibaba’s 2019 revenues, comes amid an unprecedented regulatory crackdown on home-grown…

[kayla1993-world]

China has imposed fines on technology giants Alibaba and Tencent, as well as a range of other firms, for failing to comply with anti-monopoly rules on the disclosure of transactions, the country's market regulator said on Sunday.

The SAMR released a list of 28 deals that violated the rules. Five involved units of Alibaba, including a 2021 purchase of equity in its subsidiary, the Youku Tudou streaming platform. 

Tencent was involved in 12 of the transactions on the list. The firms could not immediately be reached for comment.

The tech sector has been one of the main targets of a crackdown on monopolistic practices that started in late 2020. 

Under the anti-monopoly law, the maximum potential fine in each case stands at 500,000 yuan. 

[ontech92]

Here is Why Tesla is Recalling 285,000 Vehicles in China

The accidental activation of the autopilot in Model 3 and Model Y is possibly causing increased acceleration. Fortunately, this can be fixed with a software update.

This led to unexpected and increased acceleration. As a result, Tesla was forced to recall 249,855 Model 3’s and 35,665 Model Y’s. While the Model 3 was assembled in Tesla’s Shanghai factory, the Model Y was imported.

Tesla Issues an Apology on Weibo

After the Tesla recall was initiated, the electric vehicle giant issued a statement on Weibo, (a popular social media platform in China), apologizing for the problems caused to Tesla owners. The company promised that it would strictly adhere to all national regulations and will keep striving towards improving its safety features.

Apart from the recall, there are several other major challenges Tesla faced in China over the past couple of months. There were red flags raised by five different regulatory agencies in China. All raised suspicions over build quality of the Model 3 (manufactured in Shanghai).  

Moreover, Tesla also received plenty of negative press in April after an angry protestor climbed on top of a Tesla booth at the Auto Expo in Shanghai, shouting out accusations that the EV manufacturer was installing faulty brakes. This is quite an alarming situation as recently there was an industry-wide Tesla recall in Australia over malfunctioning Takata airbags in 2014 and 2016 Model S series.

These are likely factors that led to dismal sales of Tesla cars in April throughout China. There were only 11,671 cars sold in April, which is a massive decline from March where 35,478 cars were sold. Sure, Tesla did see an increase in sales in May (21,936) but it is still a far cry from March.

China is experiencing a massive surge in electric vehicle sales; it is up by 177% compared to 2020. This is incredible considering the fact that the sale of traditional passenger vehicles only increased by 1%. Moreover, local EV manufacturers like Xpeng and Nio are giving Tesla a pretty hard run for their money and are gaining ground. Tesla lost a 4% EV market share in April as a direct result.

What Can Tesla Drivers Expect?

As a result of the Tesla recall, Chinese owners won’t have to bring their cars to a service station to get an update. However, the software fix will still be considered a recall. According to the SAMR site, Tesla only considered making a recall to eliminate driver safety hazards after Chinese regulatory authorities performed an extensive defect investigation into Model 3 and Model Y.

There is little doubt that Tesla pioneered updating its software to cars over the internet. Plus, the company is also considered a luxury car brand in China. However, it is also true that Tesla has been combating a continuous erosion of its brand reputation in the country. There have been a lot of high-profile Tesla car collisions, price hikes, and complaints of declining quality from Chinese owners. Now to top it off, this Tesla recall will not make things easier for the renowned EV manufacturer.

The Future of Tesla in China

If the demand for Tesla cars increases, the company can still export cars manufactured in Shanghai throughout Europe and the rest of Asia. However, Tesla’s growth in China largely depends on its strive to stay in the good books of Chinese customers and the country’s regulatory authorities.

A popular equity research company, JL Warren Capital, which mainly emphasizes on Chinese and US companies, remarked on June 7 that Tesla is cognizant of the increasingly bad rapport it has been getting in China. They know it is a PR crisis. However, the EV manufacturer has reached out to several influencers in the social media stratosphere to try and recant negative reviews and critical posts. This includes notable car reviewers and experts on social media today.

JL Warren research analyst Miles Qianli Dong sent an email to CNBC remarking that the Model 3 and Model Y Tesla recall isn’t a major issue and will have minimal impact on the manufacturer’s sales in the future. He also explained that Tesla’s attempt to recant negative reviews and to continually improve the safety features of all its vehicles is a solid attempt to make concessions with the Chinese government as well as its consumers in China.

Final Word

Sure, the recent Tesla recall has put a minor dent into the brand’s reputation. However, it is worth mentioning that many car brands have recalls, but not all manufacturers have the ability to offer an over-the-internet software patch. Chinese owners won’t have to go to a service station, and this is an incredible advantage that future buyers must consider in comparison to other brands.

Source: https://www.thetakeontech.com/here-is-why-tesla-is-recalling-285000-vehicles-in-china/

[hummingzone]

Factbox-From e-commerce to education, China's season of regulatory crackdown By Reuters

Factbox-From e-commerce to education, China’s season of regulatory crackdown By Reuters

SHANGHAI (Reuters) -China’s months-long regulatory crackdown on an array of private companies has unsettled tech upstarts as well as decades-old firms, ushering in a new, uncertain environment. Top antitrust regulator the State Administration for Market Regulation (SAMR) issued sweeping draft rules on Tuesday governing online competition as the cabinet updated rules for operators of information…