Regulators including the State Administration for Industry and Commerce are investigating whether foreign medical-equipment makers such as General Electric (GE.NYSE), Royal Philips NV (PHG.NYSE) and Siemens AG (SIE.FRA, SIE.ETR) paid bribes or used illegal strategies to dominate the mainland market, Bloomberg reported, citing unnamed sources. The three companies command over 80% of China’s market for […]
Category: Health Care
Shanghai police have detained nine suspects and seized three million knockoff condoms said to contain toxic heavy metals dangerous to human health, South China Morning Post reported, citing state media. Police said the group in question had nine production and storage sites across China and was selling the condoms, labelled with well-known brands such as […]
Authorities are considering a ban on infant formula advertisements to deal with China’s low levels of breast feeding, Reuters reported, citing state media. The draft would ban ads in mass media or public places for dairy products, drinks and other foods that “claim to partly or completely substitute mother’s milk”, Xinhua said. The new proposal, […]
Alibaba Group Holding (BABA.NYSE) will shift the pharmacy branch of its Tmall online marketplace to Hong Kong-listed Alibaba Health Information Technology (0241.HKG), The Wall Street Journal reported, citing a filing to the Hong Kong Stock Exchange. The transfer will come in exchange for shares and convertible debt that will bring the partent company’s stake in the health firm […]
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