B[The State Administration for Market Regulation approved Focus Media’s acquisition of Xinchao Media’s equity with additional restrictive conditions] On October 10, the State Administration for Market Regulation recently approved Focus Media’s acquisition of Xinchao Media’s equity with additional restrictive conditions. On October 10, the State Administration for Market Regulation introduced the relevant circumstances of the case.
This case is the first concentration of undertakings approved with restrictive conditions in China’s advertising industry. The conditional approval of this case is a further deepening of antitrust law enforcement in the advertising media, an important livelihood service field. During the review process, the State Administration for Market Regulation conducted multiple rounds of field surveys, data calculations and market interviews. After review, Focus Media is the leading company in the domestic elevator media advertising market, with a market share of more than 50%, and has a dominant market position. Xinchao Media ranks second in the market. The concentration will further consolidate Focus Media's market dominance. After the concentration, the entity's bargaining power over downstream advertisers will be further enhanced, which may harm the interests of advertisers and consumers by raising prices, lowering service quality, or attaching unreasonable transaction conditions. At the same time, judging from the overall operating conditions of the advertising industry, the continued diversion of online advertising channels and the indirect competition constraints formed by other outdoor advertising categories can weaken the adverse impact of this concentration on competition to a certain extent.
This additional condition includes three aspects: canceling the exclusive cooperation clause of the property company and no longer adding new exclusive agreements to ensure fair competition in the industry; maintaining the original service level and transaction price to protect the rights and interests of advertisers; the company must also improve the anti-monopoly compliance system, regularly report the performance of the contract, and achieve long-term supervision. Taken together, the commitment plan with additional restrictive conditions submitted by the declarer can effectively reduce the competitive impact caused by the concentration, and the State Administration for Market Regulation decided to approve the concentration with additional restrictive conditions. (CCTV Finance) B[The elevator concept fluctuated and rose, Guangri Co., Ltd. and CANNY Elevator both hit the daily limit] On September 21, the elevator concept fluctuated and rose in early trading. Guangri Co., Ltd. and CANNY Elevator both hit the daily limit. Huning Co., Ltd. rose nearly 10%. Shanghai Electromechanical, Senhe Co., Ltd., Valin Seiko, and Meilun Elevator were among the top gainers. According to the news, the Ministry of Housing and Urban-Rural Development stated that during the "15th Five-Year Plan" period, 115,000 old urban communities will be newly renovated across the country, complete community construction and renovation will be implemented in 5,000 communities, and 575,000 residential elevators will be updated and installed. B[Ministry of Housing and Urban-Rural Development: During the "15th Five-Year Plan" period, 115,000 old urban communities will be newly renovated. Update and install 575,000 residential elevators] On September 18, Zhang Qiang, director of the Urban Management Supervision Bureau of the Ministry of Housing and Urban-Rural Development, said at a press conference of the State Council Information Office that during the "15th Five-Year Plan" period, the country will start the renovation of 115,000 old urban communities, implement the construction and renovation of complete communities in 5,000 communities, and update and install 575,000 residential elevators. A[Henan: Implement three-year actions for key urban renewal projects and conduct in-depth urban physical examinations] On August 31, the General Office of the Henan Provincial People's Government recently issued the "Notice on Resolutely Fighting to Win the Summer and Autumn Battle of Economic Development and Promoting Key Task Measures to Continue New, Better and Better Development of the Economy in the Second Half of 2026", which mentioned that high-quality urban renewal should be promoted. Implement the three-year action of key urban renewal projects, carry out in-depth urban physical examinations, formulate policies to support the functional conversion and mixed use of existing buildings, issue an implementation plan to promote the construction of complete urban communities, do a good job in Zhengzhou and Luoyang's central financial support for urban renewal actions, and explore the urban renewal model with "one city, one policy". We strive to build 300 complete communities throughout the year, update 2,000 old residential elevators, add more than 50,000 urban public parking spaces, and build 15,000 new charging piles (guns) in public service areas.
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