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April 29, 2021
Publishing date: Apr 28, 2021 • 1 hour ago • 3 minute read • Article content China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the country’s internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said. Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion), significant enough for the ...
April 29, 2021
China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the country’s internet giants, but it is likely to be less than the record $2.75bn penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said. Tencent should expect a penalty of at least 10 billion yuan ($1.54bn), significant enough for the State Administration of Market Regulation (SAMR) to make an example of it, both people said. Tencent faces pen...
April 29, 2021
After Alibaba fine, China readies Tencent penalty in antitrust crackdown Logos of Tencent are displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu April 29, 2021 China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the country’s internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said. Tencent...
April 29, 2021
By Pei Li and Julie Zhu April 29 (Reuters) - China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the countrys internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said. Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion), significant enough for the State Administration of Market Regulation (SAMR) to make...
April 29, 2021
China punishes internet giant Tencent in antitrust blitz: Report | Music News China is preparing a large fine for Tencent Holdings as part of a reduction in the country’s antitrust on Internet giants, but is likely to face a $ 2.75 billion fine imposed on Alibaba this month, two people with direct knowledge of the matter said. Tencent should expect a penalty of at least 10 trillion yuan ($ 1.54 billion), which is significant enough for the State Market Regulation Administration (SAMR) to be a...
April 29, 2021
China is preparing a substantial fine for Tencent Holdings (0700.HK) as part of its sweeping antitrust clampdown on the country's internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said.
April 29, 2021
China readies Tencent penalty in antitrust crackdown China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the country’s Internet giants, but it is likely to be less than the record US$2.75-billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said. Tencent should expect a penalty of at least C¥10-billion (US$1.54-billion), significant enough for the State Administration of Market Regulatio...
April 29, 2021
Synopsis Tencent faces penalties for not properly reporting past acquisitions and investments for antitrust reviews, an offence with a fine capped at 500,000 yuan per case, and for anticompetitive practices in some of its businesses, with music streaming in particular focus, said the sources. Reuters China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the countrys internet giants, but it is likely to be less than the record $2.75 billion pen...
April 26, 2021
eSports West Ham United represented in ePremier League China West Ham United will be represented in the inaugural ePremier League China later this month as all 20 top-flight English clubs are represented in the football gaming competition. The ePremier League China is the first ePremier League event to be staged outside of the United Kingdom, and will see some of the best Chinese gamers on EA SPORTS FIFA Online 4 don club apparel to compete alongside hand-picked content creators and influencers...
April 25, 2021
WoW Chains of Domination and Burning Crusade Classic “very unlikely” to release at same time If you’re a World of Warcraft player who likes to split their time between classic and modern, rest assured the next content releases for both are likely to get a staggered release. A lead developer on the MMORPG game says Blizzard is trying to resist making players choose. Speaking to LingHunFuSu (aka Neo), Raider.io Chinese community liaison and Douyu streamer, World of Warcraft director Ion...