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Nanjing Water Group Gaochun fined by Chinese market regulator for abuse of dominance

( December 16, 2020, 06:50 GMT | Official Statement) -- MLex Summary: Nanjing Water Group Gaochun has been fined 1,820,857 yuan ($278,325), equivalent to 4 percent of its revenue for 2016, by the Jiangsu provincial Administration for Market Regulation for abusing its dominance in the market for tap-water supply services in Nanjing’s Gaochun District, according to a penalty decision published today. The regulator found that the company forced property developers to use products and services provided by designated suppliers in the design, supervision and construction of water supply projects. The penalty decision was dated Nov. 30, 2020.The statement follows and the penalty decision is attached....

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