Chinese Tech Giant Tencent Latest Victim of Beijing’s ‘Anti-Monopoly’ Crack Down

Visitors use their smartphones underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing May 6, 2014. (Reuters/Kim Kyung-Hoon)
Share on facebook
Share
Share on twitter
Tweet
Share on whatsapp
WhatsApp
Chinese tech giants continue to face scrutiny from Beijing. One of the world’s top ten largest companies, Chinese internet giant Tencent, was recently fined and given 30 days to give up its exclusive rights to music streaming. On July 24, the official website of the Chinese State Administration for Market Regulation reported that Tencent’s July 2016 acquisition of China Music Group equity transaction constituted an illegal implementation of “Concentrati
Subscribe or log in to read the rest of this content.

Subscribe for Newsletter

Sign up to receive important news avoided by other media.

Scroll to Top