China Fines Alibaba, Tencent in Latest Antitrust Investigation

Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Baidu Inc. are among companies that have been ordered to pay a total of 21.5 million yuan ($3.4 million) in fines by China’s competition watchdog, the latest round of penalties in the nation’s ongoing crackdown on monopolies.

from Business of Fashion https://ift.tt/2Z8Xccr

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