China's antitrust watchdog fined Alibaba and Tencent ~$76.6K each over a pair of years-old acquisitions and said it's reviewing an impending Tencent-led merger
Chinese regulators fined Alibaba and a Tencent unit over failing to declare past acquisitions under the country's anti-monopoly laws. https://www.bloombergquint.com/ ...
This happened right after Friday's Politburo meeting that for the first time listed anti-monopoly efforts as part of core economic policy work. We should expect the likes of Alibaba and Tencent to come under heavier pressure from the authorities in the coming month. https://twitt…