China tightens its grip on tech giants, killing a merger that would have allowed Tencent to dominate the video game streaming industry


Source: insider.com insider.com

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- Beijing has blocked a major deal between two rival sites that would have brought technology conglomerate Tencent to a roaring lead in the live game streaming industry. - China continues to crack down on monopolies among big tech companies, which once saw almost free rein of their markets. - It also ordered Tencent to drop exclusive music rights with some labels. - [Visit Insider's homepage for more stories] . Beijing continues to clamp down on monopolies within its booming tech industry, blocking plans by tech conglomerate Tencent to merge China's top two video game streaming websites. The $5.3 billion...