Ten Chinese Tech Companies Fined for Violation of Antitrust Laws
Ten companies have been fined for malpractice in past mergers and acquisitions deals, according to a statement from the State Administration for Market Regulation (SAMR) on Friday. Among them are some of China’s biggest tech behemoths including Baidu, Tencent, and Didi Chuxing.
Each company has been fined 500,000 yuan ($77,000) – while a…
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