Tag Archives: REGS

BioNTech CEO says vaccine likely to protect against severe COVID from Omicron

  • Established vaccine will likely prevent hospitalisation -CEO
  • If needed, BioNTech ready to relaunch vaccine in 100 days
  • CEO says he’s worried by non-vaccinated, not so much by Omicron

FRANKFURT, Nov 30 (Reuters) – BioNTech and Pfizer’s (PFE.N) COVID-19 vaccine will likely offer strong protection against any severe disease from the new Omicron virus variant, BioNTech’s Chief Executive told Reuters, as the firm weighs the need to upgrade its commonly used shot.

Lab tests are underway over the next two weeks to analyse the blood of people who had two or three doses of BioNTech’s (22UAy.DE) Comirnaty vaccine to see if antibodies found in that blood inactivate Omicron, shedding light on whether new vaccines are needed.

“We think it’s likely that people will have substantial protection against severe disease caused by Omicron,” said BioNTech CEO and co-founder Ugur Sahin. He specified severe disease as requiring hospital or intensive care.

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Sahin added he expects the lab tests to show some loss of vaccine protection against mild and moderate disease due to Omicron, but the extent of that loss was hard to predict.

The biotech firm is speedily working on an upgraded version of its vaccine, of which well over 2 billion doses have been delivered, although it remains unclear whether that is needed, he added.

Sahin said getting a third vaccine shot known as a booster will likely confer a layer of protection against Omicron infections of any severity compared to those with just a two-shot course.

“To my mind there’s no reason to be particularly worried. The only thing that worries me at the moment is the fact that there are people that have not been vaccinated at all,” Sahin added.

BioNTech’s guarded confidence contrasts with a sense of alarm conveyed by the chief executive of rival vaccine maker Moderna, Stephane Bancel, who has raised the prospect of a material drop in protection against the new coronavirus lineage from current vaccines. read more

Sahin said antibodies brought about by vaccination could struggle latching on to the new virus lineage but he added that t-cells, another line of immune defence, were set to recognise the vast parts of Omicron’s spike protein that remain unchanged.

While antibodies bind to viruses directly and prevent infections, longer lasting t-cells attack cells that have already been hijacked by the virus, warding off viral replication and severe disease.

Pfizer and BioNTech have already created versions of their established mRNA-based vaccine – based on the original virus found in China – to target the so-called Alpha and Delta variants, with clinical trials continuing.

Those efforts are not meant to yield commercial products but to establish a routine with regulators that will help speed up any future vaccine relaunch.

Sahin said that was why regulators would unlikely require testing on human volunteers and an analysis of their immune reaction for any Omicron-specific vaccine upgrade.

“The advantage is that we have been practicing this pit stop for months and if we change tires for real we will be able to say we’ve demonstrated this before for one variant and for two variants,” Sahin said.

He said he still expects a market launch with an initial batch of 25-50 million doses would take about 100 days, provided regulators are satisfied.

Sahin would not be drawn on whether Omicron will become as dominant as the Delta variant. “But even if, that in itself is no reason to panic,” he said.

The EU drug regulator said on Tuesday it could approve vaccines adapted to target Omicron within three to four months if needed, but that existing shots would continue to provide protection. read more

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Reporting by Ludwig Burger and Patricia Weiss; Editing by Jan Harvey and Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

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India tells public to shun Musk-backed Starlink until it gets licence

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo

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NEW DELHI, Nov 27 (Reuters) – The Indian government advised people against subscribing to

Starlink Internet Services, a division of billionaire Elon Musk’s SpaceX aerospace company, as it does not have a licence to operate in the country.

A government statement issued late on Friday said Starlink had been told to comply with regulations and refrain from “booking/rendering the satellite internet services in India with immediate effect”.

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Starlink registered its business in India on Nov.1. It has begun advertising, and according to the government, it has started pre-selling its service. read more

Responding to a Reuters email, Starlink said: “No comment for now”.

A growing number of companies are launching small satellites as part of a low-Earth orbiting network to provide low-latency broadband internet services around the world, with a particular focus on remote areas that terrestrial internet infrastructure struggles to reach. read more

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Reporting by Nidhi Verma; additional reporting by Aditi Shah, Editing by Simon Cameron-Moore

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China asks Didi to delist from U.S. on security fears – Bloomberg News

SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from U.S. bourses on data security fears, Bloomberg News reported.

China’s tech watchdog wants the management to take the company off the New York Stock Exchange on concerns about leakage of sensitive data, the report said, citing people familiar with the matter.

Didi and the Cyberspace Administration of China did not respond to Reuters requests for a comment. Shares in SoftBank Group Corp (9984.T), which has a minority stake in Didi, fell more than 5%.

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Proposals under consideration include a straight up privatization or a share float in Hong Kong followed by a delisting from the United States, according to the news report.

If the privatization proceeds, shareholders would likely be offered at least the $14 per share IPO price, since a lower offer so soon after the June initial public offering could prompt lawsuits or shareholder resistance, the report said, citing sources.

Didi ran afoul of Chinese authorities when it pressed ahead with its New York listing in June, even though the regulator had urged the company to put it on hold while a cybersecurity review of its data practices was conducted, sources have told Reuters.

Soon after, the CAC launched an investigation into Didi over its collection and use of personal data. It said data had been collected illegally and ordered app stores to remove 25 mobile apps operated by Didi.

Didi responded at the time by saying it had stopped registering new users and would make changes to comply with rules on national security and personal data protection, and would protect users’ rights.

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Reporting by Brenda Goh in Shanghai and Sneha Bhowmik in Bengaluru; Editing by Arun Koyyur and Sam Holmes

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EU regulator gives go-ahead to first COVID shot for 5-11 year olds

  • EMA approval comes as EU battles record infections
  • U.S., Canada, Israel have approved shot in younger kids
  • First EU deliveries of lower-dose shots due on Dec. 20
  • Many EU states planning nationwide inoculation programmes

Nov 25 (Reuters) – The EU’s drug regulator approved the use of Pfizer-BioNTech’s COVID-19 vaccine for children between the ages of five and 11 on Thursday, paving the way for them to be given a first shot as Europe struggles with a surge in cases.

The European Medicines Agency (EMA) recommended that Pfizer-BioNTech’s (PFE.N)(22UAy.DE) vaccine, approved for European Union use in teenagers between 12 and 17 years old since May, be given as an injection in the upper arm in two 10 microgram doses, three weeks apart. Adult doses contain 30 micrograms.

The approval comes as Europe is again the epicentre of the pandemic again, accounting for about half of cases and deaths.

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Inoculating children and young people, who can unwittingly transmit COVID-19 to others, is considered a critical step towards taming the pandemic. In Germany and the Netherlands, kids now account for the majority of cases.

Pfizer and BioNTech have said their vaccine, which is called Comirnaty, showed 90.7% efficacy against the coronavirus in a clinical trial of children aged 5 to 11. read more

“The benefits of Comirnaty in children aged 5 to 11 outweigh the risks, particularly in those with conditions that increase the risk of severe COVID-19,” the EMA said.

While final approval is up to the European Commission, it typically follows EMA recommendations and an EU source told Reuters that a decision would likely come on Friday.

“Today’s recommendation (…) is clear the BioNTech-Pfizer vaccine is safe and effective for young children, and can offer them additional protection,” EU health commissioner Stella Kyriakides said on Twitter.

EU countries, including Austria, Poland, Hungary and the Czech Republic are now preparing nationwide inoculation programmes for younger children, although the first of the low-dose paediatric shots will not be delivered until Dec. 20.

Portugal’s President Marcelo Rebelo de Sousa welcomed the “good news”, noting the rising number of infections among unvaccinated children.

In France, where the number of infections is doubling every 11 days, Health Minister Olivier Veran said he would ask health regulators to examine whether 5- to 11-year-olds should be able to be given the vaccine.

Norway was considering limiting its use to kids with serious underlying conditions, such as cancer and transplant patients, Geir Bukholm, infection control director of the Norwegian Institute of Public Health (NIPH), told Reuters.

The EU joins a growing number of countries, including the United States, Canada, Israel, China and Saudi Arabia, which have cleared vaccines for children in the 5-11 year age group and younger. read more

Tens of millions of children in this age group will be eligible for the shot in the EU. Germany will get 2.4 million doses with the first shipment, enough to inoculate about half the country’s children aged 5-11, a BioNTech spokeswoman said.

Polish Health Ministry spokesman Wojciech Andrusiewicz told Reuters the country is expecting a first batch of 1.1 million doses for the younger age group in December.

The Czech Republic said it expects to get 300,000 doses, which would cover about a fifth of its younger population.

In Austria, where the government has reimposed a nationwide lockdown, some provinces started vaccinating children of that age earlier this month even without official EMA approval.

After Thursday’s announcement, Austrian Health Minister Wolfgang Mueckstein said the government would now prepare for a nationwide programme.

EPICENTRE AGAIN

Surging cases in Europe have prompted new unpopular curbs on movement as winter grips the region and people gather indoors for celebrations in the run-up to Christmas, providing perfect conditions for COVID-19 to spread. read more

Slovakia started a two-week lockdown on Thursday, following the lead of Austria, while the Portuguese and French governments are considering more restrictions. read more

While health experts have pushed the wider use of booster shots to try and avoid hospitals being overwhelmed as immunity from earlier shots wanes, vaccinating younger people is another tool in fighting the virus. read more

However, the World Health Organization said on Wednesday that as children and adolescents are at lower risk of severe COVID-19, countries should prioritise adults and sharing doses with the COVAX programme aimed at supplying the world’s poorest countries which have struggled to get vaccines. read more

Some countries have limited the use of COVID-19 shots based on the so-called mRNA technology used by Pfizer-BioNTech to younger people after reports of possible rare cardiovascular side-effects. read more

Top U.S. infectious disease official Anthony Fauci told Reuters this week there had been no sign of any new safety issues since the rollout of vaccines for younger kids started earlier this month. read more

At least 10% of the 28 million eligible U.S. children have had a first dose.

No serious safety concerns related to the vaccine have been identified in trials, Pfizer and BioNTech said in a statement.

Some medics reacted with caution, saying that as children may not get as sick as adults, there was less urgency.

“There is great public, political, and social pressure for school children to be vaccinated to avoid outbreaks in schools, but the safeguarding of public health cannot be taken based on ‘guessing’,” Ana Rita Cavaco, head of Portugal’s nurses association, said.

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Reporting by Pushkala Aripaka in Bengaluru; Additional reporting by Francesco Guarascio in Brussels, Victoria Klesty in Oslo, Patricia Rua in Lisbon, Patricia Weiss in Frankfurt, Alan Charlish in Warsaw, Jan Lopatka in Prague and Francois Murphy in Vienna; Writing by Josephine Mason; Editing by Alexander Smith

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Gold rush draws hundreds of dredging rafts to Amazon tributary

AUTAZES, Brazil, Nov 24 (Reuters) – Hundreds of dredging rafts operated by illegal miners have gathered in a gold rush on the Madeira River, a major tributary of the Amazon, floating hundreds of miles as state and federal authorities dispute who is responsible for stopping them.

The flotilla of rafts equipped with pumps are moored together in lines that nearly stretch across the vast Madeira, and a Reuters witness spotted plumes of exhaust indicating they are vacuuming the riverbed for gold.

“We counted no less than 300 rafts. They’ve been there at least two weeks and the government has done nothing,” said Greenpeace Brazil activist Danicley Aguiar.

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The gold rush, triggered by rumors that someone had found gold there, began as world leaders gathered for a United Nations climate conference in Glasgow, where Brazil vowed it had stepped up protection of the Amazon rainforest. read more

However, far-right President Jair Bolsonaro has weakened environmental enforcement since taking office in 2019, turning a blind eye to invasions of protected public and indigenous lands by illegal loggers, cattle ranchers and wildcat gold miners.

The Madeira flows some 2,000 miles (3,300 kilometers) from its source in Bolivia through the rainforest in Brazil and into the Amazon River.

An aerial view shows dredging rafts operated by illegal miners who have gathered in a gold rush on the Madeira, a major tributary of the Amazon river, in Autazes, Amazonas state, Brazil November 23, 2021. REUTERS/Bruno Kelly

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The dredging rafts have floated downriver from the Humaita area, where there has been a surge in illegal gold mining, and were last seen some 400 miles (650 km) away in Autazes, a municipal district southeast of Manaus.

A spokesperson for Brazil’s environmental protection agency Ibama said the illegal dredging on the Madeira river was the responsibility not of the federal government but of Amazonas state and its environmental agency IPAAM.

The IPAAM said in a statement that the rafts anchored on the river were under federal jurisdiction, so the National Mining Agency (ANM) was responsible for licensing and it was up to the federal police to see if any crimes had been committed. River traffic and pollution was the Navy’s area, IPAAM said.

The ANM said it did not fall under their purview as they only oversaw legal mining, while criminal activity was a matter for the police and courts.

The Federal police said it was looking at the best way to deal with the problem and prevent environmental damage.

“It’s a free-for-all. None of the authorities are doing anything to stop illegal mining, which has become a epidemic in the Amazon,” Aguiar of Greenpeace Brazil said.

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Reporting by Bruno Kelly
Writing by Anthony Boadle
Editing by Brad Haynes and Aurora Ellis

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Taliban release media guidelines, ban shows with female actors

KABUL, Nov 23 (Reuters) – The Taliban administration has released a set of restrictions on Afghan media, including banning television dramas that included female actors and ordering women news presenters to wear “Islamic hijab”.

Afghanistan’s Ministry of Vice and Virtue set out nine rules this week, a Taliban administration spokesman said on Tuesday, largely centred on banning any media that contravened “Islamic or Afghan values”.

Some edicts were targeted specifically at women, a move likely to raise concerns among the international community.

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“Those dramas…or programmes in which women have acted, should not be aired,” the rules said, adding that female journalists on air should wear “Islamic hijab” without defining what that meant.

Hadia (Centre), 10, a 4th grade primary school student, leaves school after a class in Kabul, Afghanistan, October 25, 2021. REUTERS/Zohra Bensemra/File Photo

Though most women in Afghanistan wear headscarves in public, the Taliban’s statements that women should wear “Islamic hijab” have often in the past worried women’s rights activists who say the term is vague and could be interpreted conservatively.

The rules drew criticism from international rights watchdog Human Rights Watch (HRW), which said media freedom was deteriorating in the country.

“The disappearance of any space for dissent and worsening restrictions for women in the media and arts is devastating,” said Patricia Gossman, associate Asia director at HRW, in a statement.

Though Taliban officials have sought to sought to publicly assure women and the international community that women’s rights will be protected since they took over Afghanistan on Aug. 15, many advocates and women have remained skeptical.

During the Taliban’s previous rule, strict curbs were placed on women’s ability to leave the house, unless accompanied by a male relative, or to receive education.

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Reporting by Kabul bureau; additional reporting by Jibran Ahmed in Peshawar; writing by Charlotte Greenfield

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China says will more tightly regulate celebrities’ online information

The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter

SHANGHAI, Nov 23 (Reuters) – China’s cyberspace regulator said on Tuesday it will more tightly regulate the online information of celebrities, including the publishing of their personal details and the placements of their advertisements on internet sites.

The Cyberspace Administration of China said this was aimed at creating a positive and healthy internet environment, describing the proliferation of gossip and star-chasing as impacting mainstream values.

Chinese authorities in recent months have moved to dampen what they have called the country’s “chaotic” celebrity fan culture, ordering broadcasters, online platforms and artists to help curb the phenomenon.

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Reporting by Brenda Goh and Wang Jing; Editing by Christopher Cushing

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Australian billionaire to help publishers strike content deal with Google, Facebook

Google logo and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/Illustration

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SYDNEY, Nov 22 (Reuters) – Australian mining billionaire Andrew Forrest’s philanthropic organisation will help 18 small news publishers in the country collectively negotiate with Google and Facebook (FB.O) to secure licensing deals for the supply of news content.

Forrest’s Minderoo Foundation on Monday said it would submit an application with the country’s competition regulator, the Australian Competition and Consumer Commission (ACCC), allowing the publishers to bargain without breaching competition laws.

Forrest, Australia’s richest man, is the chairman and the largest shareholder of iron ore miner Fortescue Metals Group (FMG.AX). He has a net worth of around A$27.2 billion ($19.7 billion), according to the Australian Financial Review.

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Facebook and Alphabet Inc’s (GOOGL.O) Google have been required since March to negotiate with Australian outlets for content that drives traffic and advertising to their websites. If they don’t, the government may take over the negotiation.

Both companies have since struck licensing deals with most of Australia’s main media companies but they have not entered into agreements with many small firms. The federal government is scheduled to begin a review of the law’s effectiveness in March.

Frontier Technology, an initiative of Minderoo, said it would assist the publishers.

“Small Australian publishers who produce public interest journalism for their communities should be given the same opportunity as large publishers to negotiate for use of their content for the public benefit,” Emma McDonald, Frontier Technology’s Director of Policy, said in a statement.

A Google spokesperson responded about the initiative by re-sending an earlier statement which said “talks are continuing with publishers of all sizes.” Facebook said it “has long supported smaller independent publishers.”

The 18 small publishers include online publications that attract multicultural audiences and focus on issues at a local or regional level, McDonald said.

The move comes after ACCC late last month allowed a body representing 261 radio stations to negotiate a content deal. read more

News organizations, which have been losing advertising revenue to online aggregators, have complained for years about the big technology companies using content in search results or other features without payment.

($1 = 1.3826 Australian dollars)

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Reporting by Renju Jose; editing by Diane Craft and Sam Holmes

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No stranger to turmoil, Dutch dealmaker Wynaendts set for Deutsche chair

The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo

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  • Alexander Wynaendts oversaw bailout and deals as Aegon CEO
  • Takes helm at crucial time for Germany’s largest lender
  • Wynaendts a true European with global network, CEO says in memo
  • Deutsche Bank poaches chief risk officer from Natixis

FRANKFURT, Nov 21 (Reuters) – As head of Dutch insurer Aegon, Alexander Wynaendts led a complex European financial institution with staff around the world and a large U.S. presence during a turbulent decade, experience that should serve him well as the next chair of Germany’s Deutsche Bank (DBKGn.DE).

On Friday, a committee of Deutsche Bank’s supervisory board nominated Wynaendts to oversee Germany’s largest lender from next year. The full board backed him at a meeting on Sunday, and shareholders will vote on his appointment in May. read more

If elected, the position will catapult Wynaendts, who is relatively unknown in Germany, into a role as one of the country’s top bankers at a time when Deutsche is also steadying itself after a rocky decade with a view to a possible future merger.

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Deutsche Bank Chief Executive Officer, in a note to staff on Sunday dislosing the full board’s support for Wynaendts, called the Dutchman a true European and expert in international finance.

“Alex has experience in the fields that always made Deutsche Bank stand out: strong expertise in retail, corporate and capital markets business as well as in asset management – and a global network,” Sewing said in the memo, which was seen by Reuters.

Just months into his tenure at Aegon (AEGN.AS), a company that in the mid-19th century helped the Dutch pay for funerals, Wynaendts, 61, navigated a 3 billion euro ($3.39 billion) state bailout and restructuring as the 2008 financial crisis took its toll.

Deutsche has lost billions of euros and faced huge fines, leaving regulators fearing it was on the brink of collapse five years ago. Although it has started reaping small profits under new leadership, there remains plenty of unfinished business.

The bank is currently working on a new strategy plan to be presented in March and has yet to make good on a promise to shed 18,000 jobs, while analysts say it is at risk of missing a key profitability target next year.

A major question for the wider industry is the consolidation of Europe’s fragmented banks. Deutsche executives says they are working to make the lender strong for a potential future tie-up after it called off talks to merge with rival Commerzbank (CBKG.DE) in 2019.

Wynaendts – who oversaw a steady stream of acquisitions, disposals and partnerships from Canada to Mexico and Romania to China during a decade as the head of Aegon – is expected to embrace the strategy.

Aegon was involved in 87 M&A deals from 2012 through 2020, based on Refinitiv data.

He will also be well aware of the challenges of low interest rates and volatile markets, which hit Aegon’s capital position near the end of his time at the company. Aegon’s shares fell sharply during his tenure due to the financial crisis and the pandemic.

Reuters Graphics

Wynaendts would take over from Austrian Paul Achleitner, another former insurance executive who previously worked at Allianz (ALVG.DE), when he steps down in May. Achleitner is credited with installing current CEO Christian Sewing to help turn the bank around after a number of management reshuffles during his decade at the helm.

Separately, Deutsche announced on Sunday that it had filled the role of chief risk officer, poaching Olivier Vigneron from France’s Natixis. read more

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Reporting by Tom Sims and Frank Siebelt; Editing by Kirsten Donovan, Jane Merriman and David Evans

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China fines tech giants for failing to report 43 old deals

BEIJING, Nov 20 (Reuters) – China’s market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying that they violated anti-monopoly legislation.

Enterprises involved in the cases would be fined 500,000 yuan ($78,000) each, it said, the maximum under China’s 2008 Anti-Monopoly Law.

Alibaba, Baidu, JD.com and Geely did not immediately respond to requests for comment.

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China has been tightening its grip on internet platforms, reversing a once laissez-faire approach and citing the risk of abusing market power to stifle competition, misuse of consumers’ data and violation of consumer rights.

The earliest deal listed was a 2012 acquisition involving Baidu and a partner, and the most recent was the 2021 agreement between Baidu and Chinese automaker Zhejiang Geely Holdings to create a new-energy vehicle company.

Other deals cited by the State Administration of Market Supervision included Alibaba’s 2014 acquisition of Chinese digital mapping and navigation firm AutoNavi and its 2018 purchase of a 44% stake in Ele.me to become the food delivery service’s largest shareholder.

The deals, however, did not have the effect of eliminating or restricting competition, the regulator said.

In December last year, it fined Alibaba, Tencent-backed China Literature and Shenzhen Hive Box 500,000 yuan each for not reporting past deals properly for antitrust reviews, the first time it had ever done so.

($1 = 6.3863 Chinese yuan renminbi)

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Reporting by Gabriel Crossley and Brenda Goh; Editing by William Mallard

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