Business Brief (Sept. 16): China Opens Further Antitrust Probe Into Nvidia

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China opens further antitrust probe into Nvidia

The State Administration for Market Regulation said Nvidia violated China’s Anti-Monopoly Law and the agency’s prior conditions attached to the Mellanox acquisition, and announced a further investigation.

U.S.-China talks outline a TikTok framework

China’s international trade negotiator and vice commerce minister Li Chenggang said both sides held talks in Madrid and reached a basic framework consensus to resolve the TikTok issue cooperatively, reduce investment barriers, and promote economic and trade cooperation.