26 Oct '15, 3pm

#news #business China hands Microsoft administrative fine over Xbox venture #singapore

#news #business China hands Microsoft administrative fine over Xbox venture #singapore

BEIJING: Microsoft Corp and its Chinese partner in an Xbox game console venture have been fined by China's commerce ministry for breaching antitrust rules but escaped serious punishment after it deemed they did not hamper free market competition. Microsoft and Shanghai Oriental Pearl Media Co Ltd, known as BesTV, were fined 200,000 yuan (US$31,430)each for failing to report to antitrust regulators that their joint venture exceeded a market share threshold that usually triggers a disclosure requirement. Microsoft and BesTV formed a venture in 2013 to bring the Xbox to China after the government lifted a 14-year ban on consoles. The Xbox investigation, which did not find Xbox in serious violation of any antitrust rules, was unrelated to an ongoing probe by China's National Development and Reform Commission into Microsoft's Windows operating system and Office software sales p...

Full article: http://www.channelnewsasia.com/news/technology/china-hand...

Tweets

China completes construction of lighthouses on ...

channelnewsasia.com 26 Oct '15, 1pm

SHANGHAI: China has completed the construction of two lighthouses in the disputed South China Sea, the official Xinhua new...

#news #business Obama warns China on cyber spying ahead of Xi visit #singapore

#news #business Obama warns China on cyber spyi...

channelnewsasia.com 27 Oct '15, 8am

WASHINGTON: President Barack Obama on Wednesday called for an international framework to prevent the Internet from being "...