Optical lens module manufacturer Largan Precision has filed a lawsuit in the IP and Commercial Court in China’s Taiwan Province against its rival Genius Electronic Optical (GSEO), claiming GSEO of infringing its invention patents.
China has seen increasing foreign enterprises satisfaction rate with its IP protection, said Shen Changyu, Head of China National Intellectual Property Administration, at a press conference held on November 18.
China’s antitrust regulator has handled 6870 cases related to unfair competition, imposing fines and confiscations totaling over 304 million Yuan, said Lv Jun, deputy director of the State Administration for Market Regulation, at a press conference held on September 4.
China has dealt with 339 monopoly cases, fined and confiscated 37.9 billion Yuan and concluded 5,409 concentration cases since the country implemented its first Anti-monopoly Law in 2018, according to data revealed on August 11.
China's antitrust regulator concluded 187 monopoly cases in 2022, with fines of 784 million yuan, according to the Report on China’s Anti-monopoly Law Enforcement (2022) released by the State Administration of Market Regulation(SMAR) on June 9.
