News Snapshot:
As reported, there were 5 Alibaba entities engaged, including a 2021 purchase of ownership in its subsidiary, the streaming service Youku Tudou. (Image: Reuters) Chinese market regulator SAMR has fined Alibaba, Tencent and SoftBank $74,700 each for breaking the Anti-Monopoly Law China’s market regulator announced on July 10 that it has fined technology behemoths Tencent and Alibaba as well as a number of other companies for breaking anti-monopoly regulations regarding the disclosure of transactions. A list of 28 transactions that broke the rules was published by the State Administration for Market Regulation (SAMR). As reported, there were 5 Alibaba entities...
