Exclusive: China readies Tencent penalty in antitrust crackdown- sources

Exclusive: China readies Tencent penalty in antitrust crackdown- sources

3 years ago
Anonymous $OlGJJXacOb

https://www.reuters.com/article/us-china-tech-antitrust-tencent-exclusiv/exclusive-china-readies-tencent-penalty-in-antitrust-crackdown-sources-idUSKBN2CG098

China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the country's internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said.

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