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China to Expand Anti-Monopoly Bureau as Crackdown Widens, Sources Say

  • SAMR plans to more than double antitrust staff to 100 people
  • Alibaba, Meituan were targeted during 1-year-old crackdown
The headquarters of the State Administration of Market Regulation in Beijing.

The headquarters of the State Administration of Market Regulation in Beijing.

Photographer: Yan Cong/Bloomberg
From

China’s competition watchdog is planning to hire more people in its Beijing head office and creating departments to better oversee deals and probes, keeping up the pressure after a yearlong crackdown on monopolies.

The State Administration for Market Regulation will boost staffing at its anti-monopoly bureau, which will be split into three separate divisions focusing on antitrust investigations, market competition and mergers oversight, according to people with knowledge of the matter, asking not to be identified as the information hasn’t been made public. It’s planning to increase the number of antitrust officials from over 40 currently to 100, before reaching 150 within five years, two of the people said.