In a statement, Alibaba said it would accept the fine “with sincerity” and would strengthen internal systems “to better serve our responsibility to society.”, “The penalty issued today served to alert and catalyze companies like ours,” Alibaba said. The announcement came after Chinese authorities disclosed that they are probing a deal involving the two companies. Antitrust fines can go as high as 10% of annual sales. Hospitality Q4 Earnings Preview- Rising Covid-19 Cases To Haunt Domestic Recovery In Medium Term: ICICI Direct; Sunderland v Charlton Athletic team news: Addicks unchanged – Chuks Aneke misses out through injury The State Administration of Market Regulation (SAMR) said it would fine Alibaba, Tencent-backed China Literature and Shenzhen Hive Box 500,000 yuan ($76,464) each, the maximum under a 2008 anti-monopoly law, for not reporting past deals properly for anti-monopoly reviews. You have reached your limit of subscriber-only articles this month. That would have given the WeChat operator control over the leader in the live-streamed gaming market, estimated to generate 23.6 billion yuan in revenue this year, according to iResearch. The penalty is the biggest move to date in China’s campaign to tighten supervision of its internet Goliaths. “Now I think it’s important for us to understand even more about what the government is concerned about, what the society is concerned about, and be even more compliant.”. Still, the run-in with regulators could have longer-lasting effects on Alibaba’s business, which has sprawled beyond shopping into logistics, grocery, entertainment, social media, travel booking and much else. Ye Aung Thu/Agence France-Presse — Getty Images. BEIJING: China’s antitrust watchdog fined Alibaba Group Holding Ltd and a Tencent … China Literature agreed in 2018 to buy New Classics Media for as much as 15.5 billion yuan to expand in filmed content. China imposed a record $2.8 billion antitrust fine vs. Alibaba. In a first for the company, Alibaba recently applied for two of its commerce platforms, Taobao Deals and Xianyu, to have a presence on WeChat, Tencent’s ubiquitous messaging app. In 2015, China imposed a $975 million antitrust fine vs. Qualcomm . His remarks were not well received in the state-run news media. Six years ago, when Qualcomm was fined, it also agreed to offer Chinese customers hefty discounts on patent royalties. China watchdog fines Alibaba, Tencent unit. Share. HONG KONG: China’s market regulator on Monday (Dec 14) said it fined Alibaba Group and a Tencent Holdings-backed company for failing to seek … The State Administration for Market Regulation, the agency that imposed the penalty, said the amount represented 4 percent of Alibaba’s domestic sales in 2019. China announced on Monday that it has handed fines to Alibaba Group and Tencent Holdings. China's market regulator on Monday, Dec. 14, 2020 said it fined Alibaba Group and a Tencent Holdings-backed … In recent months, apart from the Alibaba investigation, the antitrust authority has also imposed smaller fines on companies for failing to report acquisition deals in advance. In the same month the SAMR also fined Alibaba Investment, Tencent-backed e-book publisher China Literature and express locker system operator … The Chinese government will fine Alibaba and Tencent’s e-book spinoff over failure to report previous acquisition deals for clearance. Internet Monday, 14 Dec 2020 4:30 PM MYT Related News. Chinese officials do not appear to wish to tip the scales too much against the internet companies, which have legions of loyal users and employ many young, highly educated people. China’s State Administration for Market Regulation said Saturday that Alibaba punished sellers that sold goods on its platforms and those of rivals, a practice known as “choose one out of two.” Alibaba must implement a comprehensive revamp of its operations and … Read 3 articles daily and stand to win ST rewards, including the ST News Tablet worth $398. The regulator has fined Alibaba (NYSE:BABA), Tencent-backed China Literature and other firms for not reporting deals properly for anti-trust reviews. Tech Chinese regulator fines Alibaba, Tencent, Didi for antitrust violations. Alibaba, Tencent are still China's 'benchmark' techs — even as Beijing ramps up pressure, says investor Published Sun, Apr 4 2021 10:20 PM EDT Updated Sun, Apr 4 … We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. The record penalty comes amid unprecedented scrutiny vs. the Chinese e-commerce giant and its founder Jack Ma. Dan Martin. The companies had failed to seek approval for the deals, which aren’t deemed anti-competitive, the antitrust regulator said on Monday. Chinese regulators imposed a $2.8 billion antitrust fine vs. Alibaba (BABA) for abusing its market dominance over merchants and rivals. Huya in October agreed to buy DouYu in an all-share deal and Tencent, which currently owns stakes in both companies, was expected to hold about 68 per cent of the merged business’s voting shares. “We must encourage enterprises to keep innovating and to become big and strong.”, China Fines Alibaba $2.8 Billion in Landmark Antitrust Case, https://www.nytimes.com/2021/04/09/technology/china-alibaba-monopoly-fine.html. “The above-mentioned companies have a large influence in the industry, carry out many investments and takeovers, have specialized legal teams and should be familiar with the regulations governing M&A. Like Facebook, Google and other internet giants, Alibaba has argued that the breadth of its business helps make each of its services more useful. With WeChat, the company has created and nurtured an all-in-one platform for news, entertainment, finance, shopping and more, giving it great leverage over rivals and smaller companies as an essential gatekeeper to Chinese internet users. China’s record fine on Alibaba may lift the regulatory overhang that has weighed on the company since the start of an anti-monopoly probe in late December. China fines Alibaba, Tencent unit under anti-monopoly laws By Coco Liu and Shiyin Chen. China fines Alibaba and Tencent: reason unveiled. Penalties for Alibaba, China Literature for not declaring deals to regulators; antitrust agency reviewing combination of DouYu with Huya . China’s market watchdog began investigating Alibaba, the e-commerce giant, in December for potential antitrust violations. Business 02 … China’s market watchdog in December began investigating whether Alibaba had broken the country’s antimonopoly law by preventing merchants from selling their goods on other shopping platforms. PHOTO: REUTERS China imposed a record $2.8 billion antitrust fine vs. Alibaba. Even so, Professor Zhang said, the fact that Beijing did not demand major additional concessions from Alibaba makes the antitrust authority’s decision “good news for the firm” over all. No. Jack Ma, center, Alibaba’s founder, accused Chinese financial regulators last year of hampering innovation. China started ramping up scrutiny of its tech giants last year. China Fines Alibaba $2.8 Billion, But BABA Stock Jumps In Hong Kong; JD.com, Pinduoduo, Tencent Also In Focus China imposed a record $2.8 billion antitrust fine vs. Alibaba. China Fines Alibaba $2.8 Billion in Landmark Antitrust Case . By PYMNTS. Beijing. SHANGHAI/BEIJING (Reuters) -China warned its Internet giants on Monday that it would not tolerate monopolistic practices and to brace for increased scrutiny, as it slapped fines and announced probes into deals involving Alibaba Group and Tencent Holdings. Probe launched into Huya/Douyu deal as Beijing sends antimonopoly message “Their competitors will be first to run to the regulator to complain if there are problems,” she said. By ZEN SOO December 14, 2020 GMT. But in general, such penalties have not changed the nature of the companies’ businesses enough to mitigate concerns about their power. China fines Alibaba, Tencent unit under anti-monopoly laws. The record penalty comes amid unprecedented scrutiny vs. the Chinese e-commerce giant and its founder Jack Ma. Alibaba is now likely to be much more cautious about doing anything that resembles strong-arming users or rivals, said Angela Zhang, an associate professor and director of the Center for Chinese Law at the University of Hong Kong. BEIJING (BLOOMBERG) - China’s antitrust watchdog fined Alibaba Group Holding and a Tencent Holdings unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of internet sector deals. Alibaba, Tencent-backed China Literature, and Shenzhen Hive Box were each fined 500,000 yuan ($76,463) by the State Administration for Market Regulation. Western regulators have repeatedly fined Goliaths like Google for various antitrust violations. China's antitrust watchdog fines Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit over a pair of years-old acquisitions and says it’s reviewing an impending Tencent-led merger. Rather, they complement each other and are mutually reinforcing.”. Chinese regulators fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit 500,000 yuan ($76,500) each over failing to declare past acquisitions under the country’s anti-monopoly laws. By hitting the e-commerce titan Alibaba with a record $2.8 billion antitrust fine on Saturday, Chinese officials sent a message to the country’s high-flying internet industry: We’ve got our eyes on you. They can read the article in full after signing up for a free account. Tencent Holdings' stock in Hong Kong had finished down 4.4% but was yet to trade in premarket. On Monday, shares in No. Why it matters: China has in recent months stepped up scrutiny of tech firms over antitrust regulations. China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? retail; Technology BEIJING: China’s antitrust watchdog fined Alibaba Group Holding Ltd and a Tencent … Share gift link below with your friends and family. 1 of 2 . The record penalty comes amid unprecedented scrutiny vs. the Chinese e-commerce giant and its founder Jack Ma. Shares in Alibaba and Tencent extended losses and were down about 3 per cent in the afternoon. Expert View: China's Alibaba Hit With Record $2.75 Billion Antitrust Fine By Reuters , Wire Service Content April 9, 2021 By Reuters , Wire Service Content April 9, 2021, at 11:21 p.m. The State Administration for Market Regulation said on Monday (Dec 14) it’s reviewing the combination of DouYu International Holdings with Huya Inc, which could create a Chinese game streaming leader akin to Amazon’s Twitch. The SAMR this month said it would fine Alibaba, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan each for not reporting deals properly for anti-trust reviews. Internet Monday, 14 Dec 2020 4:30 PM MYT Related News. China fines Alibaba, Tencent unit under anti-monopoly laws By Coco Liu and Shiyin Chen. China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? China’s antitrust regulators are taking more strident action in reviewing mergers … Share. China tech Alibaba and Tencent hit by fines as China curbs tech giants' power. Chinese regulator fines Alibaba, Baidu, Tencent, 9 others for monopolistic behaviour China has stepped up its scrutiny of the country's internet giants in recent months Reuters, Beijing, Alibaba Fine With Regulators’ Fine Menu. The authorities also do not seem to want to tighten control over internet giants in a way that would undermine China in its strategic rivalry with other global powers — one in particular. 2-min read. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs. Chinese regulators imposed a $2.8 billion antitrust fine vs. Alibaba (BABA) for abusing its market dominance over merchants and rivals. China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? China's market regulator on Monday, Dec. 14, 2020 said it fined Alibaba Group and a Tencent Holdings-backed company for failing to seek approval before proceeding with some acquisitions. “There is no contradiction between regulating under the law and supporting development. Skip to content. Since late 2020, a clutch of internet giants including Tencent and Alibaba have been hit with fines for violating anti-competition practices. In a commentary that was published online a minute after the fine was announced, People’s Daily, the official Communist Party newspaper, called regulation “a kind of love and care.”, “Monopoly is the great enemy of the market economy,” the commentary read. Beijing’s heightened scrutiny is spurring fears of a broader crackdown on the country’s largest firms. On Saturday, the regulator said it had concluded that Alibaba’s exclusionary practices had hindered competition in online retail, affected innovation in the internet economy and harmed consumers’ interests. Join ST's Telegram channel here and get the latest breaking news delivered to you. “I would think the market should react positively,” Professor Zhang said, though she cautioned that the government could always pursue investigations into other aspects of Alibaba’s business. All rights reserved. In November, not long after officials put Ant Group’s I.P.O. But critics say the company’s size slants the playing field for competitors and restricts consumers’ choices. plans on ice, China’s market regulator published draft guidelines for antitrust enforcement of internet platforms. Beijing in November unveiled draft regulations that establish a framework for curbing anti-competitive behavior such as colluding on sharing sensitive consumer data, alliances that squeeze out smaller rivals and subsidizing services at below cost to eliminate competitors. Hospitality Q4 Earnings Preview- Rising Covid-19 Cases To Haunt Domestic Recovery In Medium Term: ICICI Direct; Sunderland v Charlton Athletic team news: Addicks unchanged – Chuks Aneke misses out through injury Payment codes for Ant Group’s Alipay, right, and Tencent’s WeChat, left, at a market in Beijing. Source: pixabay.com. Alibaba and Tencent representatives didn’t immediately respond to requests for comment. Bitcoin Ethereum News. by Wei Sheng Mar 12, 2021. markets; investing; finance; business. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. China, like the United States, is also putting a strong hand to counteract the advance of companies that fall into monopolistic practices. Chinese regulator fines Alibaba, Tencent, Didi for antitrust violations. All done! China fines Alibaba record US$2.75 billion for anti-monopoly violations FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China on Jan 5, 2021. Alibaba Group ADRs were down 2.4%, Baidu 2.7% and Tencent Music down 3.0%. (Bloomberg) -- China fines Alibaba Group 18.2 billion yuan ($2.8 billion), or 4% of its domestic sales in 2019, according to statement posted on the website of China’s State Administration for Market Regulation. One provision in the draft lowered the bar for the authorities to argue, in certain cases, that a company was a monopolist. Alibaba had led a US$2.6 billion buyout of Intime as part of efforts to develop new business models. Skepticism about the clout of large internet companies has been on the rise in the United States and Europe, too. “Despite its relative modest amount, the penalty announced today has a symbolic importance,” said Scott Yu, an antitrust lawyer with Beijing-based Zhong Lun Law Firm. China’s Antitrust Regulators Fine Alibaba, Tencent Subsidiary For Past Deals. Chinese regulators imposed a $2.8 billion antitrust fine vs. Alibaba (BABA) for abusing its market dominance over merchants and rivals. “We must give our nation’s innovative enterprises more space to develop, a better policy environment and more room to correct faults,” Ms. Li said. On Saturday, the market regulator said only that Alibaba would have to curb its anticompetitive behavior and submit reports on its compliance for three years. Bulls Run, But Watch For This Risk; Five Stocks Near Buy Points. 04/10/2021. China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? Antitrust fines can go as high as 10% of annual sales. But with the Alibaba antitrust fine announced, could this mark a bottom for Alibaba, Tencent, JD.com and PDD stock? Is the bad news priced in to BABA stock, as well as rivals JD.com, Tencent and Pinduoduo? Bulls Run, But Watch For This Risk; Five Stocks Near Buy Points. This comes as the government initiates the move to limit the power held by some of the most influential companies in the country. China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? Bitcoin Ethereum News. Another clause in the draft that later disappeared would have made it easier for regulators to argue that companies that held large amounts of user data were abusing their dominance. “It reflects the regulators’ thoughtful and normative expectations toward our industry’s development.”. Chinese language regulators imposed a $2.eight billion antitrust effective vs. Alibaba (BABA) for abusing its market dominance over retailers China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? ©2021 Bloomberg L.P. The gift link for this subscriber-only article has expired. Share. In high-tech industries, “competition between China and the United States is becoming more intense,” a former official with the market regulator, Li Qing, said in a January interview with a Beijing newspaper. Beijing’s heightened scrutiny is spurring fears of a … The fine is unlikely to make a substantial dent in Alibaba’s fortunes. In November, officials halted the plans of Alibaba’s sister company, the finance-focused Ant Group, to go public and tightened their oversight of internet finance. PARIS, FRANCE - MAY 16: Chairman of Alibaba Group Holding Ltd. Jack Ma delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles on May 16, 2019 in Paris, France. Alibaba … The company reported profits of more than $12 billion in the last three months of 2020 alone. Tue, Dec 15, 2020 - 5:50 AM. Greg Baker/Agence France-Presse — Getty Images. Share this: The exterior of a Tencent building in Shenzhen on Nov. 12, 2019. Share. That provision did not make it into the final rules. Chinese regulators imposed a $2.8 billion antitrust fine vs. Alibaba (BABA) for abusing its market dominance over merchants and rivals. Their failure to actively declare has a relatively severe impact.”. Is the bad news priced in to BABA stock, as well as rivals JD.com, Tencent and Pinduoduo? April 9, 2021, 6:43 PM. The final rules, which appeared in February, differed in a few key ways. China Fines Alibaba $2.8 Billion in Landmark Antitrust Case. … X BABA stock, along with rivals JD.com (JD), Pinduoduo (PDD) and Tencent Holdings (TECHY) have come under heavy … By. By. ... Tencent is an obvious potential target for future antimonopoly action by Beijing. China fines Alibaba, Tencent unit under anti-monopoly laws. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? “Investment and takeovers are important means for development and growth of internet companies,” the regulator said in the statement. For many years, Alibaba and its archrival, the gaming and social media giant Tencent, have competed ferociously in a variety of businesses, including by deterring their own users from spending time on the other company’s services. China’s market regulator on Monday said it fined Alibaba Group and a Tencent Holdings-backed company for failing to seek approval before proceeding with some acquisitions.. The meager sums of … The resulting fine far exceeds the $975 million antitrust penalty that China imposed on Qualcomm, the American chip giant, in 2015. China’s Alibaba, Tencent unit fined under anti-monopoly law. Tencent is an obvious potential target for future antimonopoly action by Beijing. Reuters reported that the State Administrator of Market Regulation (SAMR) said it would slam Alibaba and Tencent-backed China Literature and Shenzhen Hive Box 500,000 yuan ($76,464) … Alibaba and Tencent hit by fines as China curbs tech giants' power. 198402868E. by Zen Soo . The 18.2 billion yuan ($2.8 billion) fine, to penalize the anti-competitive practice of merchant exclusivity, is equivalent to 4% of Alibaba’s 2019 domestic sales. In 2015, China imposed a $975 million antitrust fine vs. Qualcomm . By registering, you agree to our T&C and Privacy Policy. China’s Antitrust Regulators Fine Alibaba, Tencent Subsidiary For Past Deals. Tweet. China’s record fine on Alibaba may lift the regulatory overhang that has weighed on the company since the start of an anti-monopoly probe in late December. China fines Alibaba, Tencent unit under anti-monopoly laws Alibaba had led a US$2.6 billion buyout of Intime as part of efforts to develop new business models. In this May 27, 2016, file photo, a man talks on his phone as a woman rides on an electric bike past a company logo at the Alibaba Group headquarters in Hangzhou in eastern China's Zhejiang province. The market regulator proposed updating the antimonopoly law with new provisions for large internet platforms like Alibaba’s. Get unlimited access to all stories at $0.99/month for the first 3 months. The exterior of a Tencent building in Shenzhen on Nov. 12, 2019. PHOTO: REUTERS CHINA'S antitrust watchdog fined Alibaba Group Holding Ltd and a Tencent Holdings Ltd unit over a pair of years-old acquisitions and said it's reviewing an impending Tencent-led merger, signalling Beijing's intention to tighten oversight of Internet sector deals. It fined Alibaba 500,000 yuan ($76,500) for failing to seek approval before increasing its stake in department store chain Intime Retail Group Co. to 73.79 percent in 2017, while China Literature Ltd., the e-books business spun off by Tencent, was also censured over a … Bloomberg - December 14, 2020 3:33 PM. X BABA stock, along with rivals JD.com (JD), Pinduoduo (PDD) and Tencent Holdings (TECHY) have come under heavy … Mar 12, 2021. China started later than the West on this front. China hits Alibaba with record $2.78bn fine for market abuses Alibaba in particular has been under scrutiny since last October, when co-founder Jack Ma criticised Chinese regulators as being behind the times . China turns up heat on its Internet giants with new antitrust rules, Alibaba CEO says China's draft anti-monopoly rules 'timely and necessary'. “As companies become large, and as internet services become more and more a part of people’s life, then companies need to be much more responsible, both to the users, to the government, to society,” Tencent’s president, Martin Lau, said last month on a conference call with analysts. “The announcement, together with the draft antitrust guidance unveiled in November, signals that Beijing will pay close attention to the monopolistic status of Chinese internet companies.”. China’s antitrust watchdog fined Alibaba Group Holding Ltd (阿里巴巴) and a Tencent Holdings Ltd (騰訊) unit over a pair of years-old acquisitions and said it is reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of Internet sector deals. Posted on December 14, 2020. 04/10/2021. Read more at The Business Times. Yet the government’s campaign is already starting to influence the way Chinese internet giants operate, a reflection of the extent to which all private companies in China must stay in Beijing’s good graces to survive. (Photo: Reuters/Thomas Peter) An affiliate of SF Holding was also fined for not declaring a takeover of a competitor, Monday’s statement showed. The authorities left little doubt Saturday about their intention to keep reining in China’s internet behemoths. Bloomberg - December 14, 2020 3:33 PM. 'Party over': Chinese users of Clubhouse app say experiencing internet access disruptions The penalty is the biggest move to date in China’s campaign to tighten supervision of its internet Goliaths. Alibaba had led a US$2.6 billion (S$3.5 billion) buyout of Intime as part of efforts to develop new business models that combine e-commerce with brick-and-mortar retailing. Email. China fines Alibaba, Tencent unit under anti-monopoly laws Alibaba had led a US$2.6 billion buyout of Intime as part of efforts to develop new business models. That may be starting to change. Chinese language regulators imposed a $2.eight billion antitrust effective vs. Alibaba (BABA) for abusing its market dominance over retailers China Fines Alibaba $2.8 Billion; Will This Mark The Bottom For BABA Stock, JD.com, Pinduoduo, Tencent? It fined Alibaba 500,000 yuan (S$102,000) for failing to seek approval before increasing its stake in department store chain Intime Retail Group to 73.79 per cent in 2017, while China Literature Ltd, the e-books business spun off by Tencent, was also censured over a previous deal, according to a statement. China’s top antitrust regulator said Friday it has issued fines to companies including social media giant Tencent, ride-hailing platform Didi Chuxing, and search engine Baidu over 10 investment deals in the internet sector that were in violation of the Anti-Monopoly Law. The penalty imposed on Alibaba, one of China’s most valuable private companies and the bedrock of the business empire of Jack Ma, its most famous tycoon, was the biggest move yet in the government’s campaign to tighten its supervision of Big Tech. In late October, shortly before Ant Group’s shares were expected to begin trading, Mr. Ma had spoken at a conference in Shanghai and accused Chinese financial regulators of stymieing innovation in the name of controlling risk. In December, it opened the antimonopoly investigation into Alibaba — a startling turn for Mr. Ma, whom people in China had long held up as an icon of entrepreneurial pluck. The penalties come after regulators last month declared their intention to increase scrutiny of China’s largest tech corporations with new anti-monopoly rules. The 18.2 billion yuan ($2.8 billion) fine is equal to 4% of Alibaba’s domestic sales. China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature, and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews. Regulators ; antitrust agency reviewing combination of DouYu with Huya center, Alibaba ’ s Alipay, right, Tencent... 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Now fully available for you, Please verify your e-mail to read subscriber-only... And were down 2.4 %, Baidu 2.7 % and Tencent Holdings ' stock in Hong Kong had finished 4.4. Discounts on patent royalties were not well received in the country down 3.0 % read the in!, but Watch for this Risk ; Five Stocks Near Buy Points breaking... E-Mail to read this subscriber-only article has expired, the antitrust regulator said on Monday it... Comes as the government initiates the move to date in china ’ domestic. Hampering innovation Chinese authorities disclosed that they are probing a deal involving the two companies of annual sales Tencent Didi... The United States and Europe, too customers hefty discounts on patent royalties of internet companies has been the... Tencent unit under anti-monopoly laws by Coco Liu and Shiyin Chen but Watch this! St china fines alibaba, tencent Telegram channel here and get the latest breaking News delivered to you, ” the to!... Tencent is an obvious potential target for future antimonopoly action by.... Link for this Risk ; china fines alibaba, tencent Stocks Near Buy Points stock in Hong Kong finished!