![]() ![]() Each violation carried a penalty of 500,000 yuan ($80,000), it said.īeijing has launched anti-monopoly, data security and other crackdowns on tech companies since late 2020. The companies failed to report 43 acquisitions that occurred up to eight years ago under rules on “operating concentration,” according to the State Administration for Market Regulation. ![]() BEIJING (AP) - Chinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party.
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