Nate Bush and Della Ding of DLA Piper and Ray Xu of Shanghai Kaiman Law Firm review new regulations prohibiting monopoly agreements, abuse of intellectual property rights and as actions that eliminate or restrict competition, as well as discussing the potential penalties for violations.
A U.S. prosecutor has raised concerns over China's data retention policy. Another foreign brand, Manolo Blahnik, wins its case in a two-decade-long trademark fight. The CAC imposes a fine of more than RMB 8 billion on Didi for serious violations of national and data security.
EU Commission releases guidance on updated standard clauses for GDPR-regulated parties; Xiaohongshu invests in US-based Web3 startup; Regulations on price labelling and price gouging
Potential economic downturn prompts the State Council to announce multiple significant measures aimed at supporting SMEs and foreign trade enterprises, and unlocking value in existing infrastructure projects.
Chinese court imposes stringent requirements on NFT marketplaces to monitor copyright compliance; New rules on dissemination of false and price-sensitive information and pricing; Heightened burden on live-streaming platforms to protect minors
European companies considering leaving China market over strict COVID-19 policies; Shanghai court ruling deems bitcoin a virtual asset protected by law; Didi New York IPO under SEC investigation
