Anti-Monopoly case Current Affairs, GK & News

China fines internet giants in anti-monopoly cases

China’s anti-monopoly regulator has fined companies & Internet giants Alibaba & Tencent in new move to tighten control over their fast-developing industries. Highlights Alibaba & Tencent were fined in 22 cases. They were fined 5,00,000 yuan ($75,000) each for actions like acquiring stakes in other companies which might improperly increase their market power. Violators of ..