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China applies closer scrutiny to sprawling tech acquisitions
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Tencent built up its command of the Chinese gaming industry through massive acquisitions of small rivals.
PHOTO: REUTERS
By Qian Tong, Yuan Ruiyang and Han Wei
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BEIJING (CAIXIN GLOBAL) - As Chinese regulators ramp up their fight against unfair competition, the rapid expansion of tech giants through mergers and acquisitions is coming under stricter scrutiny.
The toughening regulatory posture against anticompetitive practices may throw into question the proposed multibillion dollar acquisition of game-streaming site DouYu International Holdings Ltd. by rival Huya Inc.
