China

China’s latest fines on Alibaba, Tencent and Baidu show Beijing’s anti-monopoly 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…



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