“Internet companies fined for violating portion of anti”

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China ' sbureauforregulatingmonopolieshasfinedthreeleadinginternetcompaniesforfailingtodeclarepastacquisitionsunderthecounty

thepenaltiescameontheheelsofincreasedscrutinyofchina ' slargesttechnologycompaniesandabroaderwaveofantitrustefortswhilepenver

thestateadministrationformarketregulationannouncedonmondayithasfinede-commercegiantalibabainvestment、 Tencent-backede-booksitechinaliteratureandlogisticsplayershenzhenhiveboxtechnology 500，000 y uan ( $ 76，450 ) each字体

theadministrationsaidinareleaseonitswebsitethatthedecisionweremadeafterinvestigationsintothreacquisitioncases-Alibaba PS接口 中国轻型建筑' Spurchaseofallsharesofnewclassicsmediandhivebox ' Sacquisitionofasubsidiaryofchinapost。

whiletheacquisitionswerenotreported、thegovernmentsaidtheinvestigationsfailedtoestablishaprospectivemonopolyunderthelaw、andd

玩whilecompetitionontheplatformeconomyhasexhibitedsomenewfeatures，theinternetsectorisnota ' landbeyondlaw '。 thereleasesaid.allcompaniesshouldstrictlyabidebyanti-monopolylawsandregulationsandmaintainfairmarketcompetion.only Lin anw

hu yue，AseniorPartneratshanghaijiehualawfirm，AnticiPatedmoreanti-Monopolyeffortsinthepipelineandhighlightedthatisthime

whilethepenaltiesaren ' tsubstantialinabsoluteamount，theydocarryheftysymbolicweight:strengtheningsupervisionwilllberesonult

aneconomicplanningmeetingfor 2021，chairedbypresidentxijinpingonfriday，calledforstrengthenedantitrusteffortsandtheprevention

theanticipationoftighterrulesformajortechnologyplayerswasalsoreinforcedbyguoshuqing， partysecretaryofthepeople ' Sbankofchina the中央银行、 wholastweekurgedregulatorstopaycloseattentothepotentialrisksofbigtechfirms.guosaidtimelyandtargetedmeasuresshouldberpes a

alibabasaidonmondayithadrectifiedthesituationinaccordancewithpolicyguidelinesandrequirements.chinaliteraturesaidisimplement rt ncewithregulatoryauthoritiesandhascarriedout ... complianceanddeclarationwork。

thelatestdevelopmentssentsharesofalibabadown 2.63 percentandtencentdown 2.89 percentastradingclosedinhongkongongomonday。

themarketregulatorsaidonmondaythatisalsolookingintoothercases、suchasthemergeroftwolivestreamingsites-Gangzhouhuyainformal

in november、beijingintroducedaslewofdraftrulesaimedatcurbinganti-competitivebehaviorsuchasformingalliancestosquezeoutsmallllial plottingtosharesensitiveconsumerdataandforcingmerchantstotakesidesamongcompetingplatforms。

thestrengthenedanti-monopolysupervisionwillplayapositiveandstableinrestrictingimproperoperationsofplatformoperators。 protectingthelegitimateinterestsoftradingparticipantsaswellasbolsteringthehealthydevelopmentoftheplatformeconomy，saidcuzi apromy

whilesomeenterpriseshavefailedtoguardagainstmonopolyrisks、 itdoesn ' tnecessarilymeanthatsimilarmersandacquisitionswouldbebannedinaone -大小-配合所有应用程序，Husa id.Buthealsition

(编辑器:富博)