China to launch antitrust probe into Google over alleged anti-monopoly practices

other

Summary

The countrys State Administration for Market Regulation said that it would initiate an investigation into the technology giant because of alleged violations of Chinas anti-monopoly law, according to a Google translation of the official statement. Chinas 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. It accused the firm of having a monopoly in the general search market by creating strong barriers to entry. The department also argued that Google should not be allowed to enter into exclusionary agreements with third parties such as Apple and Samsung.

Classifications

industries
No industries detected
applications
No applications detected

AskAI Classifications

Labels
No AI classifications detected

Linked Companies