China abre investigación antimonopolio a Alibaba milenio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from milenio.com Daily Mail and Mail on Sunday newspapers.
On Monday, Google, Amazon, ByteDance, Discord, Facebook (including WhatsApp), Reddit, Snap, Twitter, and YouTube were ordered by the Federal Trade Commission (FTC) to share detailed documentation about their data collection and processing operations, including algorithms, advertising information, and “each User Attribute that the Company uses, tracks, estimates, or derives.” FTC commissioners Rohit Chopra, Rebecca Slaughter, and Christine Wilson insisted in a statement justifying the order that “too much about the industry remains dangerously opaque.” The order, which follows the FTC’s lawsuit against Facebook last week, is part of a broader investigation into big tech’s business practices.
Net Politics
China fines Alibaba, Tencent unit under anti-monopoly laws freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.
China fines Alibaba and Tencent unit
HEIGHTENED SCRUTINY: The penalties come after Beijing last month drafted new rules for curbing anti-competitive behavior, spurring fears of a broad crackdown
Bloomberg
China’s antitrust watchdog fined Alibaba Group Holding Ltd (阿里巴巴) and a Tencent Holdings Ltd (騰訊) unit over a pair of years-old acquisitions and said it is reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of Internet sector deals.
The Chinese State Administration for Market Regulation yesterday said it is reviewing the combination of DouYu International Holdings Ltd (鬥魚網絡科技) with Huya Inc (虎牙), which could create a Chinese game-streaming leader akin to Amazon.com Inc’s Twitch.