© Reuters. File Photo: The Baidu logo will be displayed at the World Internet Conference (WIC) in Wuzhen.
Beijing (Reuters)-China’s market regulator said Friday it had fined 12 companies in connection with 10 transactions that showed illegal monopoly behavior.
The state government for market regulation said in a statement on Friday that companies include companies backed by Baidu Inc (NASDAQ :), Tencent Holdings (OTC :), Didi Chuxing, and ByteDance.
Baidu, Tencent, ByteDance, and Didi did not immediately respond to requests for comment.
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Chinese market regulators fine 12 companies for illegal Reuters monopoly behavior
https://www.investing.com/news/stock-market-news/china-market-regulator-fines-12-companies-for-illegal-monopolistic-behaviours-2444770 Chinese market regulators fine 12 companies for illegal Reuters monopoly behavior