Tag: Tencent
Tencent Faces Big Antitrust Fines In China
Tencent will be hit with a big antitrust penalty in China, but it’s not likely to be as much as Alibaba's record $2.75 billion fine last...
Chinese Tech Firms Turn To Former Regulators For Help
Alibaba, Tencent, and other Big Tech firms in China are turning to former government regulators to help them maneuver around Beijing’s strengthening technology sector...
Tencent Boss Meets China Antitrust Regulators Over New Laws
Pony Ma, the founder of Tencent Holdings, China’s biggest social media and video games company, met with antitrust watchdog officials this month to discuss...
Big Tech Faces Regulatory Hurdles In China
Seismic shocks ahead for Big Tech loom — certainly in China, and almost certainly for firms here in the US Bloomberg reported on Friday (March 12)...
China’s Watchdog Fines 12 Firms With New Anti-Monopoly Law
China’s market regulator said Friday that it fined a dozen companies, including games company Tencent Holdings and Chinese search engine firm Baidu, for not...
Chinese Court Accepts ByteDance’s Suit Against Tencent
A lawsuit filed by TikTok parent ByteDance against Tencent Holdings over alleged monopoly practices has been accepted by a court in Beijing, a move...
Short Video App Douyin Sues Tencent For Monopolistic Behavior
ByteDance’s Chinese short video app Douyin has filed a complaint with a court in Beijing to sue Tencent Holdings for monopolistic behavior and asked...
China Mulls Harder Antitrust Rules For Payments Industry
China’s central bank has proposed stepping up antitrust measures for companies in the non-bank payments industry, such as Ant Group’s Alipay and Tencent’s WeChat...
China Fines Alibaba, Tencent For Antitrust Breaches
Alibaba, Tencent-backed China Literature, and Shenzhen Hive Box Technology were each fined 500,000 yuan (US$76,463) by the State Administration for Market Regulation (SAMR), reported...
Alibaba, Tencent Hold Off Talks To Buy iQIYI
Alibaba Group and Tencent have each held separate talks with Baidu to acquire a controlling stake in video streaming service iQIYI, people with knowledge...
