Internet giant Tencent Holdings was fined by China’s antitrust regulator for not reporting three mergers and acquisitions deals. Photo: AFP Internet giant Tencent Holdings was fined by China’s antitrust regulator for not reporting three mergers and acquisitions deals. Photo: AFP
Internet giant Tencent Holdings was fined by China’s antitrust regulator for not reporting three mergers and acquisitions deals. Photo: AFP
Regulation

Tencent, Didi Chuxing, other internet firms slapped with fine by antitrust authorities for failing to disclose deals

  • The State Administration for Market Regulation imposed a fine of US$77,243 each on Tencent, Didi and eight other internet firms
  • The regulator’s action marks a stepped-up effort to keep in check misconduct in the country’s internet sector

Topic |   Regulation
Internet giant Tencent Holdings was fined by China’s antitrust regulator for not reporting three mergers and acquisitions deals. Photo: AFP Internet giant Tencent Holdings was fined by China’s antitrust regulator for not reporting three mergers and acquisitions deals. Photo: AFP
Internet giant Tencent Holdings was fined by China’s antitrust regulator for not reporting three mergers and acquisitions deals. Photo: AFP
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