China fines tech giants for failing to report 43 old deals1 min read . Updated: 20 Nov 2021, 11:17 AM IST
China has been tightening its grip on internet platforms citing the risk of abusing market power to stifle competition, misuse of consumers’ data and violation of consumer rights.
China's market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying that they violated anti-monopoly legislation.
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