China market regulator fines 12 companies for illegal monopolistic behaviours
South Asia
12 March, 2021, 10:55 am
Last modified: 12 March, 2021, 10:55 am
The State Administration for Market Regulation said in a statement on Friday that the companies include Baidu Inc, Tencent Holdings, Didi Chuxing, and ByteDance-backed firm
A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, 23 November, 2020/ Reuters
China's market regulator said on Friday it has fined 12 companies related to 10 deals that demonstrated illegal monopolistic behaviours.
The State Administration for Market Regulation said in a statement on Friday that the companies include Baidu Inc, Tencent Holdings, Didi Chuxing, and ByteDance-backed firm.
Baidu, Tencent, ByteDance and Didi did not immediately respond to requests for comment.
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