Hive Box receives fine for non-notification of China Post Smart Logistics deal

( December 14, 2020, 08:11 GMT | Official Statement) -- MLex Summary: Shenzhen Hive Box Technology, a smart locker company affiliated with Chinese delivery giant SF Express, has been fined 500,000 yuan ($76,448) by the State Administration for Market Regulation for failing to notify its acquisition of China Post Smart Logistics Technology, according to a penalty decision published today by the regulator. The deal met the notification threshold but had no anticompetitive impact, the regulator said. SAMR started an investigation into the case on June 23.The statement follows and the notification form is attached....

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