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By Reuters Staff Slideshow ( 3 images ) BEIJING (Reuters) - China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules. The companies included Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday. The companies were fined 500,000 yuan ($77,000) each for behaviour that caused market concentration but did not exclude all competition from other companies, SAMR said. Tencent said in a statement it would actively rectify operations and provide the regulator with timely reports on deals in future. ByteDance said a joint venture between its affiliated firm and Shanghai Dongfang Newspaper Co Ltd, which were both fined, was never in operation and the JV was disbanded in January.

Christian schmollingerTony munroeKarishma singhPei liYingzhi yangYilei sunCheng lengThomson reuters trust principlesBaidu incShanghai dongfang newspaper co ltdTencent holdingsAdministration for market regulationDidi chuxingState administrationMarket regulationTencent backed china literature