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Gongniu

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Fined 294.81 million yuan for fixing and restricting resale prices

    In September 2021, the Zhejiang Provincial Administration for Market Regulation determined that Bull Group had reached and implemented a monopoly agreement with trading counterparties to fix and restrict resale prices, and imposed a fine of 294.81 million yuan, 3% of its 2020 domestic sales revenue.

    Source

  2. 2021

    BULL Group fined for antitrust conduct

    Fine or penalty

    BULL Group said it had received a penalty decision for conduct described in the source as reaching and implementing a monopoly agreement with a trading counterparty, contrary to China's Anti-Monopoly Law. A company staff member said the fine was RMB 294.81 million and that the company had no plan to seek administrative reconsideration.

    Source excerpt

    • 据此前消息，公牛集团违反了《中华人民共和国反垄断法》第十四条‘禁止经营者与交易相对人达成下列垄断协议：(一)固定向第三人转售商品的价格;(二)限定向第三人转售商品的最低价格’的规定，构成与交易相对人达成并实施垄断协议的行为。
    • 2.9481亿罚款会计入2021年的非经常损益。
    • 昨天（9月27日）刚收到处罚决定书，我们肯定会马上尽快就交罚款，没有行政复议的计划了。
    Source