China’s regulators summoned 34 of the country’s largest internet firms just days after Alibaba was hit with a record $2.8 billion fine for violating anti-monopoly rules, as the government widened the scope of its crackdown on tech giants.
The State Administration for Market Regulation (SAMR), along with the Cyberspace Administration and the State Taxation Administration, met with executives from 34 internet companies, such as Alibaba, Tencent and ByteDance, the SAMR said on Tuesday . . .
To continue reading, please subscribe and you will get:
- ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES
- THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
- DETAILS - General information is everywhere, but information with details is rare.
- WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.
Already have an account? Sign In