New fines on tech giants show Beijing’s antitrust commitment

The recent decision by China’s antitrust regulator to fine a number of domestic tech giants for misconduct committed years ago shows that Beijing is serious about its anti-monopoly crackdown targeting the internet industry, said an analyst.On Saturday, the State Administration of Market Regulation (SAMR) announced it had fined several companies including South China Morning Post owner Alibaba Group Holding, JD.com, Tencent Holdings, Baidu and ByteDance for failing to disclose 43 deals. The…

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.