Beijing just fired another anti-trust warning shot at China’s tech giants ...Middle East

Quartz - Economy
Beijing just fired another anti-trust warning shot at China’s tech giants
source : Quartz ( Middle East ) () 9
Last month, Chinese tech giants saw nearly $290 billion wiped off their market value, after China’s top market regulator released draft rules intended to prevent internet monopolies. Now Chinese anti-trust regulators have sent another warning likely to deepen investor fears about the new approach Beijing is taking to its tech giants.The country’s top markets regulator, the State Administration of Market Regulation (SAMR), said in a statement (link in Chinese) today (Dec. 14) that it has fined three tech companies 500,000 yuan ($76,000) each for their failure to report past deals for anti-trust reviews under a 2008 anti-trust law.Alibaba Investment, a major investment arm under the namesake e

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