The headquarters of Tencent in Beijing. Photo: AFP
China’s antitrust regulator fines Big Tech firms, including Tencent and Baidu, for failing to report acquisitions
- The fines are a latest indication that Beijing is serious about reining in malpractice among China’s fast-growing internet giants
- While the latest investigation is broader, involving 10 cases, analysts do not think it will have a substantial impact on the businesses
The headquarters of Tencent in Beijing. Photo: AFP