China fines tech giants as anti-monopoly crackdown continues

China fines tech giants as anti-monopoly crackdown continues

China’s State Administration of Market Regulation enforced fines on a number of significant Chinese tech companies on Friday for stopping working to divulge 43 handle offense of anti-monopoly legislation. A few of the most significant names in China tech such as Alibaba, JD, Tencent, Baidu, ByteDance, and Meituan were fined RMB 500,000($78,000) for each infraction. Tencent and Alibaba were the even worse hit in this most current regulative crackdown, with 13 and 12 offers consisted of on the list respectively. [SAMR press release, in Chinese]


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Author: admin