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China steps up the enforcement of anti-monopoly law against internet giants

Mar, 12, 2023 Hi-network.com

The Chinese State Administration for Market Regulation (SAMR) has fined 12 internet companies, including Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank, ByteDance, and Alibaba for violations of anti-monopoly laws. Specifically, the fines are related to concentration of market power and failing to report deals for anti-monopoly review.

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