The Digital Source For China's Tech Innovation Since 2000

Search
Close

Many techs in China, including Alibaba, Tencent. Fined companies

November 21, 2021
Source: blogspot.com blogspot.com
News Snapshot:
Accused of failing to provide information on 43 acquisitions eight years ago Technology companies fined Rs 59 lakh for each offense under anti-monopoly proceedings BEIJING: Technology companies in China are facing increasing difficulties. The government has fined several technology giants, including Alibaba Group and Tencent Holdings, under anti-monopoly action. This penalty is for non-disclosure of corporate acquisitions. According to the State Administration for Market Regulation, companies have failed to report 43 acquisitions eight years ago under the rules of 'Optional Concentration'. The government department said in a statement that a fine of 5 lakh yuan (about Rs 59 lakh) was...
Go To Original Source →
Tags: acquisition | Alibaba | anti-monopoly | Baidu | Beijing | China | Chinese | currency | data | fine | government | JD | JD.com | mapping | media | medical | monopoly | online shopping | Renminbi | retail | search engine | social media | technology | Tencent | Yuan

Other Related News:

As China-Taiwan tensions intensify, what's Australia's message to Beijing?

August 12, 2022

Headlines From China: China’s Bona Film Group Returning to Stock Market, Finalizing IPO in Shenzhen

August 12, 2022

Gravitas: China unveils game plan for Taiwan reunification

August 12, 2022

TikTok Owner Buys China Hospital Chain

August 12, 2022

Chinese chipmaker SMIC reports Q2 revenue rose 41.6% YoY to $1.9B vs. $1.89B est., but net profit fell 25% YoY to… News

August 12, 2022

Subsidy discounts reach 100 million yuan 2022 Beijing Consumer Season – Quality Life Drinks Festival starts online_Event_Citizen_Special Area

August 12, 2022

300 Current TIKTOK, BYTEDANCE Employees Worked For Chinese State Media…

August 12, 2022

Alyssa Lynch: Yet another Pelosi Crime Family story — Nancy Pelosi’s son is a Top Investor in a Chinese telecoms company

August 12, 2022

Hennessy and Associates Announce Launch of New China Multi-Asset Income Distribution Fund I

August 12, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....