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 . . .
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