Alibaba, Tencent-Backed Unit Face Fine Under Anti-Monopoly Law in China

China’s market regulator on Monday said it fined Alibaba Group and a Tencent Holdings-backed company for failing to seek approval before proceeding with some acquisitions. It also is launching a review of a merger of two online streaming platforms in the latest tightening of controls over the Internet sector. In a statement, China’s State Administration … Read more Alibaba, Tencent-Backed Unit Face Fine Under Anti-Monopoly Law in China