China’s State Administration for Market Regulation fines 12 companies for illegal monopolistic behaviors

On Friday, in a statement China’s market regulator said, it has levied fines on 12 companies for illegal monopolistic behavior.

The regulator has cited 10 deals which demonstrate their  illegal monopolistic behaviours.

The companies that have been fined include Baidu Inc, Tencent Holdings, Didi Chuxing, and ByteDance-backed firms.

China’s State Administration for Market Regulation has also fined Jack’s Ma Alibaba.

Neither Baidu, ByteDance, Tencent, or Didi immediately responded to requests for comments.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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