China regulator fines firms over internet-related monopoly
08 Jul 2021, 03:18 GMT+10
Beijing [China], July 7 (ANI): China s State Administration for Market Regulation (SMAR) has handed fines to the country s internet giants, including Tencent, Alibaba and Didi Chuxing, after probing 22 cases of illegal operations in the internet sector.
The market regulator on Wednesday said that all the cases are violations of the country s anti-monopoly law, and the companies involved have been fined about USD 77,206 for each case, Global Times reported.
The probes of the 22 cases, which involved fields such as new retail, e-commerce, logistics, fintech, ride-hailing and charging piles in the new-energy vehicle industry, started in March and April this year.
Chinese regulator targets US-listed tech firms
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Chinese regulator fines internet giants in anti-monopoly cases
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China regulator fines firms over internet-related monopoly
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More internet firms involved in cybersecurity investigation
1 2021-07-06 08:12:21China Daily
Editor : Li Yan
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Three more applications were placed under a cybersecurity investigation on Monday after Chinese ride-hailing giant Didi Global faced the same probe last week.
The Cyberspace Administration of China, the country s top internet watchdog, announced on Monday that it has launched a cybersecurity probe into Boss Zhipin, a mobile recruitment app, and truck-hailing apps Yunmanman and Huochebang in accordance with laws and regulations to prevent data security risks, safeguard State security and protect public interests.
Boss Zhipin, which is operated by Chinese tech company Kanzhun, said it will actively cooperate with government agencies in the security investigation, with comprehensive screening of security risks.