State Administration of market supervision: a fine of 500000 yuan will be imposed on BiliBili

Communication Jan 05, 2022 11:19 AM (GMT+8) · EqualOcean

The State Administration of Market Supervision issued that BiliBili Co., Ltd. acquired versa Inc Decision on administrative punishment for illegal concentration of business operators without declaration of equity according to law. Based on the investigation and evaluation conclusion, this organ has decided to impose an administrative penalty of 500000 yuan on BiliBili.

This text is a result of machine translation.

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