China's State Administration for Market Regulation (SAMR) published six merger-review cases today as part of efforts to curb “involution” competition, including Tencent Holdings' acquisition of a stake in Ximalaya and TCL Zhonghuan New Energy Technology Co.'s acquisition of a stake in Yidao New Energy Technology Co. SAMR said it has launched a special action this year to boost antitrust review efficiency, prioritizing merger-control scrutiny in platforms, photovoltaics and lithium batteries, and

2026-08-21

China's State Administration for Market Regulation (SAMR) published six merger-review cases today as part of efforts to curb “involution” competition, including Tencent Holdings' acquisition of a stake in Ximalaya and TCL Zhonghuan New Energy Technology Co.'s acquisition of a stake in Yidao New Energy Technology Co. SAMR said it has launched a special action this year to boost antitrust review efficiency, prioritizing merger-control scrutiny in platforms, photovoltaics and lithium batteries, and will lawfully support M&A to unlock idle assets and improve operating efficiency while maintaining fair competition.