Regulators warn 34 Chinese tech companies following Alibaba’s $2.8bn fine

Following Alibaba’s record $2.8 billion fine, Chinese anti-trust regulators have ordered thirty-four Chinese internet companies to comply with anti-monopolistic laws. The State Administration for Market Regulation (SAMR) asked the companies to rectify their anti-competitive practices and pledge written statements of compliance management. They were told to avoid behaviour which:  “hinders innovation and development, and harms the … Continue reading Regulators warn 34 Chinese tech companies following Alibaba’s $2.8bn fine