China closed 175 cases in 2021, up 61.5% from 2020. Alibaba and Meituan had allegedly forced merchants to forge agreements with their respective platforms. China also penalized the other influential companies, like social media and video gaming company Tencent Holding Ltd TCEHY, TikTok owner ByteDance, and ride-hailing firm DiDi Global Inc DIDI, for failing to report their merger and acquisition deals for antitrust reviews. The State Anti-Monopoly Bureau acknowledged significant success in disciplining monopolistic behaviors and focused on restoring market confidence, hinting at ease in the regulatory crackdown.