{"id":106729,"date":"2021-02-11T02:48:11","date_gmt":"2021-02-11T02:48:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=106729"},"modified":"2021-02-11T02:48:11","modified_gmt":"2021-02-11T02:48:11","slug":"gms-china-venture-smart-car-supplier-pateo-filed-anti-monopoly-complaint-against-tencent","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/gms-china-venture-smart-car-supplier-pateo-filed-anti-monopoly-complaint-against-tencent\/","title":{"rendered":"GM&#x27;s China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent"},"content":{"rendered":"<figcaption>FILE PHOTO: A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS\/Aly Song<\/figcaption><p>(Reuters) &#8211; Chinese smart vehicle supplier Shanghai PATEO said on Tuesday it and General Motors Co\u2019s local venture with SAIC Motor Corp have jointly submitted complaints against tech giant Tencent to China\u2019s market regulator.<\/p>\n<p>PATEO said in a statement that Tencent abused its dominant messaging app\u2019s market position to restrict sales of its products which have functions controlled via WeChat.<\/p>\n<p>It said Tencent has been asking car companies to stop using PATEO\u2019s Internet of Vehicles products since August 2020.<\/p>\n<p>Tencent, GM and SAIC\u2019s joint venture SAIC-GM-Wuling did not immediately respond to requests for comment.<\/p>\n<p>Chinese regulators have stepped up anti-trust scrutiny since December, launching a probe into e-commerce giant Alibaba and doling out punishment to Alibaba-backed and Tencent-backed firms for not seeking anti-trust reviews for deals.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-tencent-gm-anti-monopoly\/gms-china-venture-smart-car-supplier-pateo-filed-anti-monopoly-complaint-against-tencent-idUSKBN2A90CE\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS\/Aly Song(Reuters) &#8211; [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":106728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GM&#x27;s China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/gms-china-venture-smart-car-supplier-pateo-filed-anti-monopoly-complaint-against-tencent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM&#x27;s China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. 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