Page 197 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 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 State Administration of Market Regulation (SAMR) to make an example of it, both people said.

United statesJay chouTencent music entertainment groupSony music groupMusic groupAlibaba group holding ltdTencent holdingsUniversal music groupAdministration of market regulationWarner music group corpState administrationMarket regulationMusic entertainmentWarner music groupNetease cloud musicTencent music