China's Antitrust Regulators Slam Alibaba and Tencent -- What Should Shareholders Do?
Last month, China's State Administration for Market Regulation (SAMR) drafted new antitrust rules aimed at the country's largest tech companies. It didn't call out any companies at the time, but it declared it would weed out "monopolistic practices" like price discrimination, the use of exclusive agreements to lock in merchants, and the compulsory collection of user data. At the time, many analysts speculated the new rules would affect Tencent (OTC:TCEHY) the most. Those predictions recently came true, as regulators fined both tech giants and the logistics company SF Holding. What happened ...
Source: fool.com