(c) CNBC
There were 28 trades that were found to have broken the rules by the State Administration for Market Regulation (SAMR). Alibaba’s Youku Tudou streaming platform is one of the five entities involved, including a 2021 purchase of ownership in the company’s Youku Tudou subsidiary.
Twelve of the transactions on SAMR’s list involved Tencent.
No one from the companies could be reached for comment right away.
A crackdown on monopolistic behavior began in China’s tech sector in late 2020, and the country’s digital giants have been one of the primary targets.
The maximum fine for each violation of the anti-monopoly statute is 500,000 yuan (US$74,688).
The Girigo App is the latest buzz app that has caught on in social media today (April 30, 2026). It…
Roblox's virtual world is currently experiencing an "End of the World" event, but for the players of the wildly popular…
The internet has been caught unawares with the re-entry of Friendster. By April 30, 2026, the formerly-legendary social networking platform…
Visa has just initiated a significant change to digital payments with Visa officially launching its Agentic Ready program in the…
Singapore PayNow is a popular instant payment system. Retail users will cease to use custom nicknames to transact on June…
Southeast Asia's tourism sector is being jolted this morning. In an effort to boost the Thai economy, the country's government…
This website uses cookies.
Read More