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The Latest Breaking News from State Administration for Market Regulation

China Says To Probe Google Over Anti-monopoly Violations

Beijing's State Administration for Market Regulation said the US tech giant was "suspected of violating the Anti-Monopoly Law of the People's Republic of China".

International Business Times

Nvidia stock faces new threat after China update

The AI-chip giant is under scrutiny.

The Street

Intel's Acquisition of Tower Delayed, Still Expected to Close by June 2023

China's State Administration for Market Regulation still has not cleared Intel-Tower transaction.

Tom’s Hardware

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China Online Education Registers 90% Revenue Decline In Q1

China Online Education Group (NYSE:COE) (51Talk) reported a first-quarter FY22 revenue decline of 89.7% year-on-year to $9.5 million. COE did not recognize $48.0 million in non-compliant lesson consumptions as revenues. The number of active students with general lesson consumption was 298,600, down 24.0% Y/Y. Gross margin loss was (14.0)% versus 73.4% a year…

Benzinga

Tesla Recalls China Made Vehicles Again

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

Benzinga

BREAKING: Tesla Recalls 127,785 Model 3 Vehicles In China Over Manufacturing Defects

Elon Musk-led electric vehicle maker Tesla, Inc. (NASDAQ: TSLA) is recalling a total of 127,785 Model 3 vehicles — both imported and locally made — in China, the country's State Administration for Market Regulation has said, according to

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