China regulator fines Alibaba, Tencent for disclosure violations
China’s two largest technology companies fined for failing to comply with anti-monopoly rules. List of 28 transactions that did not comply with regulations was released by market regulator. Maximum possible penalty for each offence is 500,000 yuan, equivalent to $74,688. China’s market regulator announced on Sunday that the nation’s two largest technology companies, Alibaba (9988.HK) … Read more