China’s tech crackdown moves into new year with fines on Alibaba, Tencent

A series of new fines on Alibaba Group Holding, Tencent Holdings, and Bilibili over business deal disclosures signals that China’s antitrust regulator is continuing to take a hard line on Big Tech in the new year after a rocky 2021, according to analysts.The State Administration for Market Regulation (SAMR) has punished multiple companies, including the three tech giants, over the failure to report 13 deals with a 500,000 yuan fine for each violation, according to documents published to the…

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