Alibaba, Tencent-Backed Unit Face Fine Under Anti-Monopoly Law in China

China’s market regulator said it fined Alibaba and a Tencent Holdings-backed company for failing to seek approval before proceeding with some acquisitions.

source https://gadgets.ndtv.com/internet/news/alibaba-tencent-intime-china-literature-douyu-huya-fined-anti-monopoly-state-administration-for-market-regulation-2338450#rss-gadgets-all

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