Microsoft Corporation (NASDAQ:MSFT) is reportedly being investigated in China for a possible monopoly in the territory, Eunice Yoon revealed in a report on CNBC.
According to Yoon, it is the Chinese government which has verified that it is in fact investigating Microsoft Corporation (NASDAQ:MSFT). Yoon also said that the investigation has proceeded with spot checks. Yoon also revealed who among the officials of the software giant in China are being investigated.
“It was the government now that confirmed that it suspects Microsoft of a monopoly. In fact, they cited compatibility issues with Microsoft’s Windows and Office software. They said that in many branches [of the government], the authorities have been doing spot checks, as was reported yesterday, and that the inspectors are now investigating the vice president of Microsoft here as well as the company’s senior management in marketing and finance, as well as other department personnel in China.”
Moreover, Yoon said that Microsoft Corporation (NASDAQ:MSFT) has had some of its assets in the country confiscated by the government in connection to this investigation.
“So far, the authorities have said that they have seized various assets at Microsoft’s offices. Some of the government officials have said that they are hoping that Microsoft will cooperate with this investigation. Some of the people they were interested in were not in Beijing at the time of the investigation.”
The newest issue surrounding Microsoft Corporation (NASDAQ:MSFT) in China comes after QUALCOMM, Inc. (NASDAQ:QCOM) was also recently reported to be experiencing troubles in connection to the country’s monopoly laws. However, in contrast to Microsoft Corporation (NASDAQ:MSFT) being directly investigated because of a possible monopoly, QUALCOMM, Inc. (NASDAQ:QCOM) is having trouble with royalty collection in China for their intellectual property.
Read: QUALCOMM, Inc. (QCOM) Facing Issues with Royalties in China
Watch the video below where Eunice Yoon also reported another issue, this time concerning a high-profile government official, that recently surfaced in China.
Disclosure: None
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