Page 48 - Douyu News Today

Health Crisis Pushes Chinas Live Streaming Industry to Unprecedented Highs - FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Dec. 16, 2020 /PRNewswire/ -- As the pandemic has forced so many of us out of in-person social spaces, were increasingly looking to technology to fill the gap. This has fueled huge growth in social media trends like live streaming, particularly in China, the first country to be affected by the crisis and the worlds second largest internet user base. ...

Chinese regulator fines Alibaba and Tencent under antitrust laws Alibabas Jack Ma today made his first public appearance in three months The Chinese markets regulator has fined Alibaba and Tencent for a string of deals in its latest bid to clamp down on tech companies.  The State Administration for Market Regulation announced on Monday it had fined Alibaba, Tencent-backed China Literature and Shenzhen Hive Box Technology 500,000 yuan.  It comes after the regulator published d...

Total0 On December 14, China’s State Administration for Market Regulation made a penalty decision in accordance with Articles 48 and 49 of the Anti-Monopoly Law, and imposed punishments on Alibaba Investment Co., Ltd., China Literature (controlled by Tencent), and Shenzhen Fengchao Network Technology with administrative penalty of a fine of RMB500,000 each. Alibaba, Tencent, and China Reading Group all fell more than 2% in the afternoon. An investigation by the State Administration of Market...

Chinas Alibaba, Tencent unit fined under anti-monopoly law by Zen Soo, The Associated Press Posted Dec 14, 2020 3:49 am EDT Last Updated Dec 14, 2020 at 3:58 am EDT HONG KONG — China’s market regulator on Monday said it fined Alibaba Group and a Tencent Holdings-backed company for failing to seek approval before proceeding with some acquisitions. It also is launching a review of a merger of two online streaming platforms in the latest tightening of controls over the internet sector. In a st...

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China fines Alibaba and Tencent unit HEIGHTENED SCRUTINY: The penalties come after Beijing last month drafted new rules for curbing anti-competitive behavior, spurring fears of a broad crackdown Bloomberg China’s antitrust watchdog fined Alibaba Group Holding Ltd (阿里巴巴) and a Tencent Holdings Ltd (騰訊) unit over a pair of years-old acquisitions and said it is reviewing an impending Tencent-led merger, signaling Beijing’s intention to ti...

Chinese State Regulators Hit Alibaba, Tencent With Fresh Fines Under New Anti-Competitive Measures © REUTERS / ALY SONG Subscribe Sputnik International https://sputniknews.com/asia/202012141081452343-chinese-state-regulators-hit-alibaba-tencent-with-fresh-fines-under-new-anti-competitive-measures/ The news comes as Beijing tightens its crackdown on Chinese tech giants accused of having excessive control of the mainland internet market, leading to the...

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