Tencent’s housing broker Beike is in regulators’ cross hairs as China’s antitrust investigations pick up pace, Reuters reports

//Tencent’s housing broker Beike is in regulators’ cross hairs as China’s antitrust investigations pick up pace, Reuters reports

Tencent’s housing broker Beike is in regulators’ cross hairs as China’s antitrust investigations pick up pace, Reuters reports

China’s market regulator has begun an investigation into suspected anticompetitive practices by KE Holdings, the country’s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.The investigation is the latest into China’s big so-called “platform” companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers.KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last…

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By | 2021-05-25T09:06:29+00:00 May 25th, 2021|Business|Comments Off on Tencent’s housing broker Beike is in regulators’ cross hairs as China’s antitrust investigations pick up pace, Reuters reports