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China imposes more fines on tech companies

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Beijing, Jul 8 (EFE/EPA).- China announced a series of new fines on big tech companies, including Alibaba, Didi Chuxing and Tencent, for irregularities related to merger or acquisition agreements over the past decade.In a series of statements issued on Wednesday night, the State Administration for Market Regulation (SAMR) revealed up to 22 fines of 500,000 yuan ($77,240) each, a very small amount compared to the multibillion-dollar revenues of the affected companies but the maximum allowed by China's anti-monopoly law for such irregularities. (Camera: ARCHIVE).ARCHIVE FOOTAGE OF THE OFFICES AND HEADQUARTERS OF CHINESE TECH COMPANIES TENCENT AND ALIBABA IN CHINA.

Added on the 08/07/2021 14:00:00 - Copyright : EFE Inglés

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