Compiled from: People's Daily, Red Star News Case Review: In January 2021, the State Administration for Market Regulation, based on a tip-off, initiated an investigation into Tencent Holdings Limited (hereinafter referred to as Tencent) for suspected illegal implementation of a business concentration by acquiring equity in China Music Group in July 2016. The State Administration for Market Regulation, in accordance with the Anti-Monopoly Law, investigated the facts of the illegal concentration in this transaction, fully assessed factors such as the market share, control, concentration of the participating operators in the relevant market, and the impact of the concentration on market entry and consumers. At the same time, it extensively solicited opinions from relevant government departments,
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