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China fines Alibaba, Tencent in anti-monopoly crackdown

November 21, 2021
Source: msn.com msn.com
News Snapshot:
As part of a larger anti-monopoly crackdown, China fined tech giants, including Alibaba Group and Tencent Holdings, for not reporting 43 acquisitions over the past eight years. The State Administration for Market Regulation said the companies "failed to declare illegal implementation of operating concentration." The acquisitions involved are assets in the areas of technology, medical technology and mapping. Rivian set to rake in billions with IPO COP is just a 'PR event for world leaders,' says India climate activist Refugees on the EU-Belarussian Border: a political weapon Belarus border crisis source of concern in Germany Two fresh faces in Germany's...
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