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CN SAMR Summons Alibaba, Tencent Over Ending 'Involutionary' Competition
China's State Administration for Market Regulation (SAMR) summoned platform companies, including BABA-W (09988.HK), Douyin, BIDU-SW (09888.HK), TENCENT (00700.HK), JD-SW (09618...
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China's State Administration for Market Regulation (SAMR) summoned platform companies, including BABA-W (09988.HK)  -0.700 (-0.450%)    Short selling $1.08B; Ratio 24.318%   , Douyin, BIDU-SW (09888.HK)  +1.800 (+1.325%)    Short selling $236.16M; Ratio 20.051%   , TENCENT (00700.HK)  +1.000 (+0.188%)    Short selling $494.04M; Ratio 12.869%   , JD-SW (09618.HK)  -0.500 (-0.470%)    Short selling $499.67M; Ratio 52.351%   , MEITUAN-W (03690.HK)  -0.100 (-0.122%)    Short selling $706.85M; Ratio 36.878%   , and Taobao Instant Commerce.

These companies were required to strictly comply with the provisions of laws and regulations such as the anti-unfair competition law, the price law, the consumer rights protection law, and the e-commerce law.

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The SAMR urged these companies to further regulate their promotional activities and eliminate all forms of "involutionary" competition, maintaining a fair competitive market environment.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-02-16 12:25.)

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