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Anti-trust regulator fines Alibaba, Tencent-backed China Literature for non-disclosure of deals
People walk by the Alibaba Group logo. Photo: Bloomberg Premium
China’s market regulator said on Monday it fined Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews.
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