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Alibaba, Baidu, More Tech Giants Fined by China for Failing to Report 43 Old Deals Technology By Md Umar Khan Last updated Nov 20, 2021 0 Share (adsbygoogle = window.adsbygoogle || []).push({}); China’s market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying that they violated anti-monopoly legislation. Enterprises involved in the cases would be fined CNY 500,000 (roughly Rs. 58.15 lakhs) each, it said, the maximum under China’s 2008 Anti-Monopoly Law. Alibaba, Baidu, JD.com, and Geely did not immediately...
