The penalty strictly adheres to the Anti-Monopoly Law"s provisions on the confiscation of illegal gains and the ratio of fines, Ning said. It takes into full account factors such as the nature of the illegal conduct, the severity of the circumstances, and the duration of the violations, fully reflecting the rule-of-law spirit while demonstrating the seriousness, authority, and effectiveness of anti-monopoly enforcement, he said.

　　The company said it will take the penalty as an opportunity to reflect deeply and pursue self-reform, resolutely abandoning "involution-style" inefficient competition. It will publicly release its specific rectification measures and proactively accept oversight from all sectors of society to ensure the rectification delivers tangible results, the statement said.

　　Global Times