China to launch probe into Google over alleged antitrust violations

China to launch probe into Google over alleged antitrust violations


In this photo illustration, a Google logo is displayed on the screen of a smartphone. 

Sopa Images | Lightrocket | Getty Images

China said Tuesday it will launch an investigation into Google over alleged antitrust violations.

The country’s State Administration for Market Regulation said that it would initiate an investigation into the technology giant because of alleged violations of China’s anti-monopoly law, according to a Google translation of the official statement.

The statement followed closed on the heels of China announcing additional tariffs on select U.S. goods.

China’s finance ministry said it will levy tariffs of 15% on coal and liquified natural gas imports from the U.S., starting Feb. 10. It will also impose 10% higher duties on American crude oil, farm equipment and certain cars and trucks.

Google is facing regulatory scrutiny in several countries including the U.S.

The company lost a lawsuit in August filed by the U.S government in 2020. It accused the firm of having a monopoly in the general search market by creating strong barriers to entry.

Following the ruling, the U.S. Department of Justice pushed in November for Google to divest its Chrome browser. The department also argued that Google should not be allowed to enter into exclusionary agreements with third parties such as Apple and Samsung.

Google is also currently being investigated by the U.K.’s Competition and Markets Authority over whether it has “strategic market status” under a new UK law.

— CNBC’s Anniek Bao, Ryan Browne and Jennifer Elias contributed to this report.



Source

The S&P 500 and Nasdaq kept their record rallies going. Here are 3 key takeaways
Technology

The S&P 500 and Nasdaq kept their record rallies going. Here are 3 key takeaways

Yet another record week for stocks. Strong first-quarter earnings and a war-driven spike in oil made for another historic week on Wall Street. Investors also made sense of a spate of economic data and the Federal Reserve’s latest interest rate decision. The S & P 500 and Nasdaq Composite gained 0.9% and 1.1%, respectively, over […]

Read More
Musk testimony dominated first week Musk v. Altman. ‘You can’t just steal a charity’
Technology

Musk testimony dominated first week Musk v. Altman. ‘You can’t just steal a charity’

Elon Musk arrives to court at the Ronald V. Dellums Federal Building on April 30, 2026 in Oakland, California. Benjamin Fanjoy | Getty Images A week into the Musk v. Altman trial, which features two towering figures in the tech industry facing off in a case that could have major implications for OpenAI, the plaintiff […]

Read More
Jim Cramer says the market powered through a tough earnings week but ‘that doesn’t mean we’re out of the woods yet’
Technology

Jim Cramer says the market powered through a tough earnings week but ‘that doesn’t mean we’re out of the woods yet’

CNBC’s Jim Cramer said the market just powered through the toughest week of earnings “with flying colors,” but warned that next week could be even more treacherous. “All the big techs did well … Everything connected with the data center went bonkers,” the “Mad Money” host said. However, he cautioned against complacency. “That doesn’t mean […]

Read More