市監局禁止騰訊(00700.HK)旗下虎牙及鬥魚合併 指不利市場競爭
中國市監局公佈,對騰訊(00700.HK)申報的虎牙及鬥魚合併案,依法進行經營者集中反壟斷審查。根據《反壟斷法》第28條和《經營者集中審查暫行規定》第35條規定,市場監管總局決定依法禁止此項經營者集中。
審查表明,騰訊在上遊網絡遊戲運營服務市場份額超過40%,排名第一,虎牙和鬥魚在下遊遊戲直播市場份額分別超過40%及30%,排名第一及第二,合計超過70%。目前騰訊已具有對虎牙的單獨控制權和對鬥魚的共同控制權。如虎牙與鬥魚合併,將使騰訊單獨控制合併後實體,進一步強化騰訊在遊戲直播市場的支配地位,同時使騰訊有能力和動機在上下遊市場實施閉環管理和雙向縱向封鎖,具有或者可能具有排除及限制競爭效果,不利於市場公平競爭、可能減損消費者利益,亦不利於網絡遊戲和遊戲直播市場規範健康持續發展。而經評估後,騰訊提出的附加限制性條件承諾方案不能有效解決前述競爭關注。
當局表示,依據《反壟斷法》全面分析評估參與集中的經營者在相關市場的市場份額及其對市場的控制力、市場集中度、集中對市場進入和技術進步的影響、集中對消費者和其他有關經營者的影響等因素,及騰訊提出的附加限制性承諾方案的有效性。審查過程中,市監局廣泛徵求有關政府部門、行業協會、專家學者、同業競爭者及下遊客戶意見,並多次聽取騰訊陳述意見。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.