News Snapshot:
China antitrust: Beijing courtroom accepts ByteDance’s US$14 million lawsuit in opposition to Tencent, begins proceedings 2021-02-08 07:00:19 A lawsuit filed by TikTok dad or mum ByteDance in opposition to Tencent Holdings over alleged monopoly practices has been accepted by a courtroom in Beijing, a transfer that consultants mentioned may grow to be a “landmark” case as authorities ramp up antitrust efforts.ByteDance says Tencent was limiting entry to content material from Douyin, the home model of TikTok, on its WeChat and QQ messaging platforms, and abusing its dominant place available in the market. Whereas Douyin had 600 million every day lively...
