News Snapshot:
Tencent likely to be fined in Chinese competition law crackdown, could be force to sell music apps By Chris Cooke Chinese web giant Tencent looks likely to be the next target of government regulators in China who are now cracking down on anti-competitive behaviour in the country’s tech sector. Rival Alibaba was recently fined $2.75 billion for abusing its market dominance in the country, and sources have now told Reuters that Tencent can expect a slightly lower but nevertheless significant fine. According to Reuters , the State Administration Of Market Regulation agency in China could fine Tencent about $1.54 billion...
