Beijing’s central business district. The regulator said that it acted after it received complaints about the three companies’ failures to report acquisitions of competitors between 2014 and this year. Photo: Reuters Beijing’s central business district. The regulator said that it acted after it received complaints about the three companies’ failures to report acquisitions of competitors between 2014 and this year. Photo: Reuters
Beijing’s central business district. The regulator said that it acted after it received complaints about the three companies’ failures to report acquisitions of competitors between 2014 and this year. Photo: Reuters

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

  • ‘The online economy has become increasingly concentrated by market share, with resources fast concentrating in leading platforms,’: State Administration for Market Regulation
  • Regulator hopes to create deterrence with 500,000 yuan fine and to signal that enforcement against internet monopolies was strengthening

Topic |   China technology
Beijing’s central business district. The regulator said that it acted after it received complaints about the three companies’ failures to report acquisitions of competitors between 2014 and this year. Photo: Reuters Beijing’s central business district. The regulator said that it acted after it received complaints about the three companies’ failures to report acquisitions of competitors between 2014 and this year. Photo: Reuters
Beijing’s central business district. The regulator said that it acted after it received complaints about the three companies’ failures to report acquisitions of competitors between 2014 and this year. Photo: Reuters
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