financetom
Business
financetom
/
Business
/
China probes Google, puts Calvin Klein owner, Illumina on unreliable entity list
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China probes Google, puts Calvin Klein owner, Illumina on unreliable entity list
Feb 3, 2025 10:48 PM

BEIJING, Feb 4 (Reuters) - China said on Tuesday it had

launched an anti-monopoly investigation into Alphabet's

Google and added two U.S. firms to its "unreliable

entity list," minutes after additional U.S. tariffs on Chinese

goods came into effect.

The measures were announced as Beijing also slapped tariffs

on some U.S. products such as coal and oil in a rapid response

to the new U.S. duties on Chinese goods, and mark escalating

trade tensions between the world's two biggest economies.

China's Commerce Ministry said it had put PVH Corp ( PVH ),

the holding company for brands including Calvin Klein, and U.S.

biotechnology firm Illumina ( ILMN ) on its unreliable entity

list.

It said the two companies took what it called

"discriminatory measures against Chinese enterprises" and

"damaged" legitimate rights and interests of Chinese companies.

Separately, China's State Administration of Market

Regulation said Google was suspected of violating the country's

anti-monopoly law, and it had initiated an investigation into

the company in accordance with the law. It did not offer any

further details on the investigation or on what it alleged

Google had done to breach the law.

Google products such as its search engine are blocked in

China, but it works with local partners such as advertisers in

the country.

Google, PVH and Illumina ( ILMN ) did not immediately respond to

requests for comment outside regular U.S. business hours.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Street Color: Boeing Reportedly Facing US FAA Investigation Over Use of Titanium in Some Jets
--Street Color: Boeing Reportedly Facing US FAA Investigation Over Use of Titanium in Some Jets
Jun 14, 2024
10:19 AM EDT, 06/14/2024 (MT Newswires) -- (Street Color news is derived from real time discussions with market professionals globally subscribed to the Street Color Premium Chat service on Bloomberg IB Chat and the ICE IM. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 177.79, Change: -2.91, Percent...
--RLJ Lodging Trust Maintains Quarterly Dividend at $0.10 a Share, Payable July 15 to Shareholders of Record on June 28
--RLJ Lodging Trust Maintains Quarterly Dividend at $0.10 a Share, Payable July 15 to Shareholders of Record on June 28
Jun 14, 2024
10:20 AM EDT, 06/14/2024 (MT Newswires) -- Price: 9.57, Change: -0.22, Percent Change: -2.20 ...
Looking At Hewlett Packard's Recent Unusual Options Activity
Looking At Hewlett Packard's Recent Unusual Options Activity
Jun 14, 2024
Financial giants have made a conspicuous bullish move on Hewlett Packard ( HPE ). Our analysis of options history for Hewlett Packard ( HPE ) revealed 14 unusual trades. Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $227,726,...
Entravision Signs Deal With Aleph Group for Digital Advertising Representation Business Sale
Entravision Signs Deal With Aleph Group for Digital Advertising Representation Business Sale
Jun 14, 2024
10:19 AM EDT, 06/14/2024 (MT Newswires) -- Entravision Communications ( EVC ) said Friday it has agreed to sell its digital advertising representation business to Aleph Group. The deal has been approved by the Entravision board and is expected to close by the end of June, the company said. Financial terms were not disclosed. Entravision shares were up nearly 3%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved