Qualcomm fined $975 million in China

Updated: 2015-02-10 08:14

By Lan Lan and Gao Yuan(chinadaily.com.cn)

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No 6 Infant formula pricing

Six infant formula producers,Biostime, Dumex, Mead Johnson, Abbott, Friesland and Fonterra were fined 670 million yuan ($108.8 million) by the NDRC on August 7, 2013 for vertical price monopoly.

NDRC investigations found that their products had been priced higher in the Chinese market than in other markets.

Qualcomm fined $975 million in China

Tins of Dumex infant formula are displayed during an exhibition in Nanjing, East China's Jiangsu province, Nov 14 2013. [Photo/IC]