China has imposed fines on technology giants Alibaba and Tencent as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country's market regulator said on Sunday.
as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country's market regulator said on Sunday.
The State Admnistration for Market Regulation released a list of 28 deals that violated the rules. Five involved units of Alibaba, including a 2021 purchase of equity in its subsidiary, the Youku Tudou streaming platform.Register now for FREE unlimited access to Reuters.comChina's tech sector has been one of the main targets of a crackdown on monopolistic practices that started in late 2020.Register now for FREE unlimited access to Reuters.
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