Latest Breaking News On - ஜாங் லூந் சட்டம் நிறுவனம் - Page 4 : comparemela.com

Chinese State Regulators Hit Alibaba, Tencent With Fresh Fines Under New Anti-Competitive Measures

Chinese State Regulators Hit Alibaba, Tencent With Fresh Fines Under New Anti-Competitive Measures © REUTERS / ALY SONG Subscribe Sputnik International https://sputniknews.com/asia/202012141081452343-chinese-state-regulators-hit-alibaba-tencent-with-fresh-fines-under-new-anti-competitive-measures/ The news comes as Beijing tightens its crackdown on Chinese tech giants accused of having excessive control of the mainland internet market, leading to the suspension of one of the world s largest initial public offering in decades. Alibaba Group Holding Ltd and a unit of Tencent Holdings Ltd were fined due to acquisitions made in an upcoming merger led by the latter firm, Bloomberg reported on Monday. China s State Administration for Market Regulation will scrutinise a merger between DouYu International Holdings Ltd and Huya Inc aimed at building a game streaming service to compete with Amazon s Twitch, the report read.