Chinese government fines Alibaba $3.7 billion for anti-competitive behaviour – ABC News

https://www.abc.net.au/news/2021-04-11/china-fines-alibaba-anti-competitive-behaviour/100061372

…The government issued anti-monopoly guidelines in February aimed at preventing anti-competitive practices such as exclusive agreements with merchants and use of subsidies to squeeze out competitors.

The next month, 12 companies including Tencent Holdings, which operates games and the popular WeChat messaging service, were fined the equivalent of $100,000 each on charges of failing to disclose previous acquisitions and other deals…

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