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

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Monday, December 14, 2020

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.

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