Chinese market regulator launches antitrust probe into Tencent-backed property broker KE
KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last month by the State Administration for Market Regulation (SAMR) against any abuse of market dominance and told to conduct self-inspections
Reuters | May 25, 2021 | Updated 15:50 IST
China s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said. The investigation is the latest into China s big so-called platform companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers.