China s market regulator on Saturday fined relevant firms including tech giants Alibaba, Baidu, Tencent and e-commerce platform JD.com Inc and Suning for violating the country s anti-monopoly rules in 34 mergers and acquisitions (M&A) deals which they failed to declare illegal implementation of operating concentration, marking the latest move in the nation s fight against monopoly.
Chinese tech giants including Alibaba were fined on Saturday for failing to report 43 previous deals, the latest round of anti-monopoly crackdown by Beijing.
Meituan Is Fined USD527 7 Million for Monopolistic Conduct yicaiglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yicaiglobal.com Daily Mail and Mail on Sunday newspapers.