China Tech Giants Tencent, Alibaba & Didi Fined Again by China Antitrust Regulators for Unreported M&A Deals, Total of 28 Cases & $75,000 Maximum Fine Per Case


Source: caproasia.com caproasia.com

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China Tech Giants Tencent, Alibaba & Didi Fined Again by China Antitrust Regulators for Unreported M&A Deals, Total of 28 Cases & $75,000 Maximum Fine Per Case China tech giants Tencent, Alibaba & Didi Global had been fined again by China anti-trust regulators for unreported M&A deals (Mergers & Acquisition) dating back to 2011 after anti-monopoly reviews, with a total of 28 cases carrying a maximum fine of $75,000 per case (CNY 500,000, Tencent: 12 cases, Alibaba: 5 cases, Didi: 4 cases). In 2008, China new Anti-Monopoly Law requires any deal to seek regulatory reviews if there is any monopoly...