China hands Microsoft administrative fine over Xbox venture


Microsoft Corp and its Chinese partner in an Xbox game console venture have been fined by China's commerce ministry for breaching antitrust rules but escaped serious punishment after it deemed they did not hamper free market competition. Microsoft and Shanghai Oriental Pearl Media Co Ltd , known as BesTV, were fined 200,000 yuan ($31,430)each for failing to report to antitrust regulators that their joint venture exceeded a market share threshold that usually triggers a disclosure requirement. Microsoft and BesTV formed a venture in 2013 to bring the Xbox to China after the government lifted a 14-year ban on consoles.

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