Hong KongHong Kong Competition Commission raids over VR equipment bid-rigging
Hong Kong's Competition Commission raided 11 premises in connection with suspected bid-rigging, price-fixing, and market-sharing involving virtual reality equipment contracts worth HK$10 million.
Background
Hong Kong operates under a 'one country, two systems' framework, granting it a high degree of autonomy except in defense and foreign affairs. The city maintains its own legal system and independent judiciary, with various government bodies responsible for upholding fair practices and accountability in different sectors.
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Competition Commission raids over VR equipment bid-rigging
First report 3h agoLast update 3h agoThe Competition Commission executed search warrants at offices and residences in an operation targeting alleged bid-rigging and price-fixing.
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