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China market regulator fines 12 companies for illegal monopolistic behaviours

BEIJING: China's market regulator said on Friday it has fined 12 companies related to 10 deals that demonstrated illegal monopolistic behaviours.

The State Administration for Market Regulation said in a statement on Friday that the companies include Baidu Inc, Tencent Holdings, Didi Chuxing, and ByteDance-backed firm.

Baidu, Tencent, ByteDance and Didi did not immediately respond to requests for comment.

(Reporting by Yingzhi Yang, Cheng Leng and Tony Munroe; Editing by Christian Schmollinger)

Source: Reuters

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