Hong Kong regulator raids IT suppliers in VR equipment bid-rigging probe
( October 9, 2026, 07:25 GMT | Official Statement) -- MLex Summary: Hong Kong's Competition Commission said Friday it had raided 11 premises as part of an investigation into alleged bid rigging, price fixing and market sharing among IT suppliers competing for contracts to supply and install virtual reality equipment and software at schools and nonprofit organizations. The case centers on contracts worth about HK$10 million ($1.3 million), the regulator said in a statement. The suspected conduct may have resulted in reduced choices and increased costs for the organizations, thereby compromising efficient use of public resources, the commission added.Statement attached....
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