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Alibaba, Tencent unit fined under anti-monopoly law » Borneo Bulletin Online borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
Chinese regulator fines Alibaba and Tencent under antitrust laws Alibaba s Jack Ma today made his first public appearance in three months The Chinese markets regulator has fined Alibaba and Tencent for a string of deals in its latest bid to clamp down on tech companies. The State Administration for Market Regulation announced on Monday it had fined Alibaba, Tencent-backed China Literature and Shenzhen Hive Box Technology 500,000 yuan. It comes after the regulator published draft regulations last month looking to curb tech monopolies, one of the most wide-sweeping proposals on Chinese tech. The proposals include pricing, payment methods and use of data, as Beijing steps up its effort to control the growing influence of big tech. ....
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. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at [email protected]. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. ....
China's Alibaba, Tencent unit fined under anti-monopoly law - business news hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.