China’s antitrust regulator fines affiliates of Alibaba, Tencent and SF Holding for ‘monopolistic behaviour’

//China’s antitrust regulator fines affiliates of Alibaba, Tencent and SF Holding for ‘monopolistic behaviour’

China’s antitrust regulator fines affiliates of Alibaba, Tencent and SF Holding for ‘monopolistic behaviour’

China’s antitrust regulator has fined three of the country’s largest technology companies for failing to disclose the acquisitions of smaller competitors, stepping up its enforcement against what it called monopolistic corporate behaviour to protect consumer interests.A subsidiary of e-commerce giant Alibaba Group Holding, a unit of social-media and gaming juggernaut Tencent Holdings, and an affiliate of express delivery company SF Holding were fined 500,000 yuan (US$76,457) each for a breach…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-14T07:43:02+00:00 December 14th, 2020|Headlines|Comments Off on China’s antitrust regulator fines affiliates of Alibaba, Tencent and SF Holding for ‘monopolistic behaviour’