Big Chinese firms fined over anti-monopoly law

Published May 01 2021 at 5:12 AM GMT
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  • BEIJING: China fined 11 companies including tech giant Tencent on Friday (Apr 30), taking aim at their acquisitions and joint ventures as authorities target monopolistic practices.
  • The penalties come weeks after e-commerce giant Alibaba was hit with a US$2.78 billion fine by China's market.


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  • Published May 1, 2021 5:12 AM GMT