Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Tencent fined RMB 500,000 by SAMR for failing to notify concentration in Sinyi Medical equity acquisition
The State Administration for Market Regulation determined that Tencent Holdings' acquisition of equity in Shanghai Sinyi Medical Technology Co., Ltd. constituted illegal implementation of a concentration without lawful notification (with no effect of eliminating or restricting competition), and fined it RMB 500,000. Progress: administrative penalty. Subjects: Tencent Holdings Limited, Shanghai Sinyi Medical Technology Co., Ltd. Scope: healthcare investment.