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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...
China

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...
Alibaba, Tencent

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...
Tech

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

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...
Tencent

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...
Alibaba, Tencent

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

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...
Alibaba, Tencent

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

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...

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