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China Daily | Updated: 2020-12-16 07:12 Share CLOSE Logos of Alibaba Group and Ant Group are seen during the World Internet Conference in Wuzhen, Zhejiang province, Nov 23, 2020. [Photo/Agencies] The market regulator has, in line with the Anti-Monopoly Law, fined Alibaba, China Literature and Hive Box 500,000 yuan ($76,290) each for not reporting merger and acquisition deals to the relevant authorities. The fine is a negligible amount for these companies having market values of more than 100 billion yuan each, but by enforcing the law, the authori...

Chinese regulator fines Alibaba and Tencent under antitrust laws Alibaba's 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 draft regulations last month looking to curb tech monopolies, one of the most wide-sweeping proposal...

Alibaba and two other firms fined for not reporting deals to Chinese regulators CNBC 14/12/2020 Arjun Kharpal Alibaba, Tencent-backed China Literature, and Shenzhen Hive Box Technology were each fined 500,000 yuan ($76,463) by the State Administration for Market Regulation (SAMR). While the fines are small, SAMR's move signals further intent from Chinese regulators to punish and regulate technology firms. Last month, the SAMR published draft rules looking to stop monopolistic practices by internet platforms. It is one of the most wide-sweeping proposals in China to regulate...

China fires fresh shot at Alibaba, Tencent over internet monopoly Quartz 12/14/2020 © Provided by Quartz An Alibaba Group logo during Singles Day 2019 Last month, Chinese tech giants saw nearly $290 billion wiped off their market value, after China’s top market regulator released draft rules intended to prevent internet monopolies. Now Chinese anti-trust regulators have sent another warning likely to deepen investor fears about the new approach Beijing is taking to its tech giants. The country’s top markets regulator, the State Administration of Market Regulation (SAMR), said in a st...

Dye her hair to match. the tap water in one california community is catching fire. the water in a mobile home park is so contaminated with methane, residents have to avoid open flames. six years ago methane caused a toilet to explode and destroy a home. scrubbers were up stalled to remove the gas but the pumps failed in may. residents had to petition the state to get them replaced. they're being told new parts are now on the way. a swarm of honey bees made a mess in traffic on pennsylvania's turnpike. 30,000, 40,000 of them. the critters made themselves at home at a tollbooth traffic light...