Daily Archives: 20 November 2021

China fine tech giants over monopoly rules

China fine tech giants over monopoly rules

Chinese tech giants including Alibaba and Tencent have been fined for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party. The companies failed to report 43 acquisitions that occurred up to eight years ago under rules on "operating concentration" according to the State Administration …

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