China market regulator fines tech giants for failure to report 43 old deals

The Chinese State Administration for Market Regulation (SAMR) has fined several Chinese Big Tech companies for failing to adhere to competition law regulations. The companies listed are fined up to 500,000 yuan (US$ 76,000), the maximum penalty under China‚Äôs competition law. The companies listed included e-commerce conglomerates Alibaba, JD and Tencent. They were charged for…

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