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Friday, May 07, 2021

China’s Antitrust Regulators Fine Tencent, Baidu and 10 Others as Big Tech Crackdown Intensifies

China’s Antitrust Regulators Fine Tencent, Baidu and 10 Others as Big Tech Crackdown Intensifies

China’s market regulator has imposed fines on some of the country’s biggest tech companies relating to 10 deals that violated anti-monopoly laws, it said on Friday.
Separately the watchdog is reportedly weighing a record fine of more than $975 million on Alibaba, according to the Wall Street Journal, as China’s antitrust crackdown continues. The reports have been denied by Beijing.
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I have wondered at times what the Ten Commandments would have looked like if Moses had run them through the US Congress.

Ronald Reagan
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