China regulator fines 12 firms over anti-monopoly law

China regulator fines 12 firms over anti-monopoly law

The Hindu

China’s market regulator said on Friday that it fined a dozen companies, including games company Tencent Holdings and Chinese search engine firm Baidu Inc., for not disclosing past deals as authorities step up anti-monopoly scrutiny in the internet sector. The companies, which included other firms such as ride-hailing company Didi Mobility and Softbank, were fined 5,00,000 yuan ($77,000) each for not disclosing previous investments, acquisitions or joint ventures, according to a statement by China’s State Administration for Market Regulation.
Read full story on The Hindu
Share this story on:-
More Related News
‘Welcome back’: Israelis cheer, cry as hostages freed from Gaza

Hundreds of Israelis gather in Tel Aviv to watch Hamas release three Israeli hostages from Gaza.

U.N. chief warns against regional war over DR Congo at Africa summit

U.N. chief demands respect for DRC's territorial integrity to avoid regional war at African Union summit.

Ukraine President Volodymyr Zelenskyy says time has come for the creation of ‘armed forces of Europe’

Zelenskyy calls for European armed forces; Scholz defends democracy; Vance warns of free speech retreat; Trump-Putin peace talks.

Bus carrying freed Palestinian prisoners and detainees departs Israeli jail, live TV shows

First bus of freed Palestinian prisoners leaves Israeli jail Ofer, as 369 detainees set for release after hostage exchange.

Lebanon’s President condemns attack on UNIFIL convoy in Beirut

Lebanon's President condemns attack on UN convoy in Beirut, vows to maintain security; protesters block roads in capital.

Trump moves to undo showerhead, bulb rules

President Donald Trump seeks to reverse environmental standards for household appliances, yearning for old-school gas stoves and light bulbs.

Syrian forces uncover drugs, weapons in Hezbollah-controlled Lebanese border

Syrian forces uncover defunct drug factory in former Hezbollah stronghold near Lebanese border, cracking down on smugglers.

Cook Islands, China sign comprehensive strategic partnership deal raising concerns in New Zealand

Cook Islands signs strategic partnership with China, raising concerns in New Zealand over growing Chinese presence in the Pacific.

Nearly 10,000 fired as Trump, Musk step up assault on U.S. agencies

Trump and Musk fire thousands of federal workers, sparking legal challenges and criticism over government downsizing efforts.

American Airlines jet collision: Helicopter crew in collision with plane may not have heard key instructions from tower

NTSB Chairwoman Jennifer Homendy discusses incomplete radio transmissions and altimeter issues in Black Hawk helicopter crash investigation.

Abortions to resume in Missouri after a judge blocks restrictions

Missouri judge blocks abortion restrictions, Planned Parenthood prepares to resume services, citing politically motivated barriers to care.

Morning Digest: BJP MP Panda to head select committee to examine Income Tax Bill; Another batch of deported Indians to land in Amritsar today, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on February 15, 2025

Second federal judge pauses Trump's order against gender-affirming care for youth

Federal judges grant temporary restraining orders against Trump administration's executive order halting gender-affirming care for transgender youth.