Vanessa Yanhua Zhang
Beijing & New York
US Phone: (908) 294-2883
China Phone: +86 135 2263 7105
Antitrust and Competition Policy;
Ph.D., M.A., Economics, Toulouse School of Economics;
B.A., Economics, Peking University
Dr. Vanessa Yanhua Zhang is a Managing Director at Global Economics Group and a Senior Research Fellow at the Market & Regulation Law Center (MRLC) of Renmin University. Her main research areas include industrial organization and economics analysis in competition policy and IP, and she leads the firm’s Greater China Practice, providing expert opinions on various competition and IP issues in Greater China, the U.S. and E.U. She has worked a wide range of matters involving allegations of monopolization, foreclosure practices, vertical restraints, merger analysis and intellectual property. She has consulted on projects across various industries, such as transportation, chemical, e-commerce, payment card, banking, pharmaceutical, high tech, electricity, telecommunication, and consumer products etc. In China, Dr. Zhang has submitted expert reports before the Supreme People’s Court of China, Provincial Higher Court, the State Administration for Market Regulation (SAMR), the Anti-Monopoly Bureau of Ministry of Commerce (MOFCOM), National Development and Reform Commission (NDRC) and Shanghai Administration for Market Regulation (SHAMR) and has testified as an expert witness at the courts in China. She has been giving antitrust economic trainings to anti-monopoly agencies for their capacity building and assisting agencies with economic analysis in their merger reviews. She has been featured in Who’s Who Legal: Competition Economists.
She is the author of several academic articles on China’s merger control and Anti-Monopoly Law (AML), economic analysis of competition policy, conspiracies, electricity market. Dr. Zhang has published in peer-reviewed journals such as Journal of Competition Law and Economics, Review of Industrial Organization, Annals of Economics and Statistics (Annales d’Economie et Statistique), Competition Policy International, Antitrust Chronicle, Energy Policy, Electronics Intellectual Property, etc., and contributed to several books on competition policy and regulation such as “Economics and Regulation in China”, “Merger Control in European and Global Perspective”, and “Competition Policy and Regulation: Recent Development in China, the US and Europe”. She is also the editor of the books “Competition Policy in Asia: Essays on Recent Development” (2015), “Antitrust Law and Economics of Internet Industry” (2018). Dr Zhang has provided comments on China’s AML, Intellectual Property and related regulations to Chinese enforcement agencies.
Dr. Zhang serves as a Senior Research Fellow at Market and Regulation Law Center (MRLC) of Renmin University of China and has taught regulation and antitrust economics to graduate students. She is also the Editor of the Asia Competition Column at Competition Policy International, the Special Editor of Antitrust Chronicle, and a member of the latter’s Advisory Board. Prior to joining Global Economics Group (GlobalEcon), Dr. Zhang took various positions at Law and Economics Consulting Group (LECG) and worked as a visiting researcher at CPB Netherland Bureau for Economic Policy Analysis.
Dr. Zhang has a BA in economics from the Peking University in China, an MA and PhD in economics from Toulouse School of Economics in France.
- Qihoo 360 v. Tencent. Written testimony in support of Tencent before the Supreme People’s Court, People’s Republic of China, concerning Qihoo 360’s market definition and abuse of dominance claims against Tencent. An expert report was also submitted to the Guangdong High Court (court of first instance). The Supreme Court affirmed the lower court decisions in favor of Tencent. It is publicly known as the antitrust case decided by the Supreme People’s Court of China.
- NDRC investigation against Qualcomm. Represented Qualcomm in connection with the NDRC’s formal investigation regarding complaints on excessive pricing, FRAND, and tying conducts.
- Represented Qualcomm in the antitrust and FRAND law suits brought by a major international handset company and provided the expert report to address various antitrust issues and FRAND royalty rate in China.
- Represented an international licensor in the telecommunication industry to assess the FRAND royalty rate in China.
- Represented a pharmaceutical company to defend excessive pricing allegation brought by the manufacturer and distributor in China.
- Represented a major international energy company to defend vertical restraints and collusion allegations brought by its distributor in China.
- SHAMR investigation against Eastman (China). Assisted Eastman (China) in the antitrust investigation by Shanghai Administration for Market Regulation (SHAMR) on abuse of dominant position.
- KLA Tencor/Orbotech. Assisted KLA Tencor in providing economic analysis and expert opinions in its acquisition of Orbotech and successfully obtained SAMR’s approval.
- SONY/SenseScene. Assisted SAMR as an external expert in its merger review of SONY/SenseScene.
- Agrium/PotashCorp. Assisted MOFCOM as an external expert in its merger review of Agrium/PotashCorp.
- Didi/Uber China. Represented the acquirer Didi and submitted economic analysis report in its response to MOFCOM inquiries.
- Health 100/Ciming. Represented the Health 100 and submitted economic analysis reports in its antitrust merger filing and successfully obtained MOFCOM’s clearance.
- Yum!/Little Sheep. Represented Yum! and submitted economic analysis reports in its antitrust merger filing and successfully obtained MOFCOM’s clearance.
- “New Wine into New Wineskins: Analyzing Hub-and -Spoke Antitrust Cases in China,” Antitrust Chronicle, August 2020, Volume 2, (with John Jiong Gong and Rita Li)“Agency Investigation of Abusive Conduct in China: The Eastman Case,” Antitrust Chronicle, Winter 2020, Volume 3, No. 1 (with John Jiong Gong)
- “Non-Horizontal Mergers in China: A Case Study of KLA-Tencor/Orbotech,” Antitrust Chronicle, Summer 2019, Volume 2, No. 1 (with John Jiong Gong and Amanda Yang)
- “Economic Analysis Under the Anti-Unfair Competition Law in China: Tencent v. Xinghui,” Antitrust Chronicle, Winter 2019, Volume 3 (with John Jiong Gong and Nina Yin)
- Interview with Mr. Zhenguo Wu, Director General of the State Administration for Market Regulation (SAMR), Winter 2019, Volume 3
- “The Economic Characteristics of Data Competition in China’s Digital Economy,” Antitrust Chronicle, Winter 2018, Volume 3 (with John Jiong Gong)
- “Vertical Restraints Versus Horizontal Agreements in the Manufacturer-Distributor Relationship,” Antitrust Chronicle, Winter 2017, Volume 3 (with John Jiong Gong)
- Interview with Mr. Handong Zhang, Director General of the National Development and Reform Commission (NDRC) of P.R. China, Winter 2017, Volume 1, Number 3
- “Market Dominance Under The Anti-Monopoly Law: SAIC’s Landmark Decision On Tetra Pak,” Antitrust Chronicle, December 14, 2016, (with John Jiong Gong and Amanda Jing Yang)
- “Analysis of the policy effects of downstream Feed-In Tariff on China’s solar photovoltaic industry,” Energy Policy, doi:10.1016/j.enpol.2016.03.026 (with Hongwei Wang, Shilin Zheng and Kai Zhang)
- “CPI Talks: Interview with Judge Chuang Wang of the Supreme People’s Court of P.R. China”, Antitrust Chronicle, February 2016
- “The Antitrust Analysis of Rules and Standards for Software Platforms and Its Implications for China,” Competition Policy Research, MIIT, July 2015. (with David S. Evans, in Chinese)
- “Assessing Unfair Pricing Under China’s Anti-Monopoly Law for Innovation Intensive Industries,” Competition Policy International, Spring 2014, Vol. 10, No. 1 (with David S. Evans and Xinzhu Zhang)
- “Implications of International Experience for Evaluating Unfair Pricing under China’s Anti-Monopoly Law,” China Price, May 2014, (with David S. Evans and Xinzhu Zhang, in Chinese); English version is available at CPI Asia Antitrust Column, April 17, 2014.
- “Patent Trolls and China’s Competition & Innovation: Impact and Policy Implications,” Electronics Intellectual Property, April 2014, pp. 70-79. (with Xinzhu Zhang and Hongwei Wang, in Chinese)
- “Analyzing Competition Among Internet Players: Qihoo 360 v. Tencent,” Antitrust Chronicle, May 2013, (with David Evans and Howard Chang)
- “The Qihoo v. Tencent Landmark Decision,” Competition Policy International: Asia Column, April 2013, (with David Evans)
- “Industry Restructuring: A Case for Affirmative Action,” Annals of Economics and Statistics (Annales d’Economie et Statistique), January/June 2013, vol. 109/110, pp.179-201. (with Bertrand Villeneuve).
- “Revisiting China’s Merger Control: Where Are We Going after the Three-Year Milestone?” Dovenschmidt Quarterly, January 2013, No. 1, pp. 25-33. (with Xinzhu Zhang)
- “New Wine into Old Wineskins: Recent Developments of China’s Competition Policy against Monopolistic/Collusive Agreements,” Review of Industrial Organization, Vol. 41, Issue. 1 (2012), pp. 53-75. (with Xinzhu Zhang).
- “Vertical Relationships in China’s Electricity Industry: the Quest for Competition?” Utilities Policy, Vol. 19, No. 2, June 2011. (with Yongjun Chen)
- “Chinese Merger Control: Patterns and Implications,” Journal of Competition Law and Economics, 2010 6(2): 477-496. (with Xinzhu Zhang)
- “Electricity Restructuring in China: How Competitive Will Generation Markets Be?” Singapore Economic Review, Vol. 55, No.2, 2010, pp. 377-400. (with Russell Pittman)
- “Standardisation Policy in China: A Path from Made-in-China to Innovated-in-China,” Talkstandards Forum, June 2010, (with Anne Layne-Farrar)
- “The InBev and Anheuser-Busch Merger in China: A View from Economists,” Global Competition Policy, December 2008, (with Xinzhu Zhang and Howard H. Chang)
- “The Anti-Monopoly Law in China: Where Do We Stand?” Competition Policy International, Vol. 3, No. 2, Autumn 2007. (with Xinzhu Zhang)
- “Overview of Competition Policy and Economic Analysis”, China-Korea IP & Competition Law Annual Report 2016, Yanbei Meng and Hwang Lee (eds.), MRLC 2017, Volume I, pp. 42-50
- “New Developments in China’s Competition Policy Against Monopolist/Collusive Agreements,” Economics and Regulation in China, Michael Faure and Guangdong Xu (eds.), Routledge, London and New York, 2013, pp. 109-133. (with Xinzhu Zhang)
- “China’s Merger Control Policy: Three-Year Milestone,” Merger Control in European and Global Perspective, Philip Lowe and Mel Marquis (eds.), Hart Publishing, Oxford and Portland, 2012, pp. 303-313. (with Xinzhu Zhang)
- “Chinese Merger Control: Patterns and Implications,” Competition Policy and Regulation: Recent Development in China, the US and Europe, Michael Faure and Xinzhu Zhang (eds.), Edward Elgar, 2012, pp. 241-261. (with Xinzhu Zhang)
- Innovation, Competition and Platform Economy: Collected Papers of Jean Tirole, the Winner of Noble Prize in Economic Sciences, (in Chinese, with Prof. Zonglai Kou, China Legal Press, 2017)
- David S. Evans, Andrei Hagiu and Richard Schmalensee, “Invisible Engines: How Software Platforms Drive Innovation and Transform Industries,” MIT Press, 2008. (translated into Chinese, with Prof. Hongmin Chen and Prof. Li Xu, Tsinghua University Press, 2010
Selected Conference Presentations
|2019||Expert Lecture on Vertical Restrains at the Anti-Monopoly Bureau of State Administration for Market Regulation (SAMR), Economics Lecture on Multi-Sided Platforms at Shandon University.|
|2018||Annual Forum of the Expert Advisory Board of the State Council Anti-Monopoly Commission, Beijing; US-China Roundtable on Competition and Regulation in Online Markets organized by Global Antitrust Institute of George Mason University and CPI, Washington D.C.; Conference on the Sharing Economy in China: Regulation or De-regulation for Innovation organized by Shanghai Jiaotong University, Shanghai, China.|
|2017||Annual Forum of the Expert Advisory Board of the State Council Anti-Monopoly Commission, Beijing; Conference on Private Litigation and Antitrust in China, Beijing, China; Hong Kong Lingnan Competition Policy Forum, Hong Kong, China.|
|2016||Annual Forum of the Expert Advisory Board of the State Council Anti-Monopoly Commission, Beijing; Seminar on Platforms and Mobile Competition, Tokyo, Japan and Seoul, Korea; Seminar on Open Source and Competition Policy organized by Ministry of Industry and Information Technology and UIBE, Beijing, China.|
|2015||Seminar on Platforms and Mobile Competition, Seoul, Korea, IP Roundtable: China’s Evolving Anti-Monopoly/IP Interface, New York.|
|2014||American Bar Association: Antitrust in Asia- China, Beijing; Global Competition Review 3rd Annual Law Leaders Asia-Pacific, Singapore; 1st Asian Legal Network Meeting, Hong Kong; Invited seminar representation at Renmin University, Beijing; International Conference on Legal and Economic Analysis of Prominent Antitrust Cases: Perspectives from China and Korea, Shanghai.|
|2013||Conference on Market Definition of Internet Industry, Dalian, China|
|2012-2014||Invited seminar presentations at Renmin University, Beijing, China|
|2011||Conference on “The Global Marketplace: Keys to Success”, Palo Alto, CA, USA|
|2010||2nd Annual Anti-Monopoly & Competition Policy Law Summit, Beijing, China|
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