Regulator imposed fines on several tech giants on 2022's first working day for breaking antitrust law

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China's top market regulator imposed a number of fines on domestic technology giants including Tencent, Alibaba's subsidiaries and Bilibili on the first working day of 2022 for violations of anti-monopoly law, as the country further tightens regulations on the industry.

The State Administration for Market Regulation (SAMR) imposed nine fines on Tencent Holdings, 500,000 yuan in each case, for the company's failure to report acquisitions of smaller companies or . . .

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