China's regulators are reversing laissez-faire approach towards tech titans

Regulators signalled broader scrutiny of big tech companies' transactions by issuing fines for several previous acquisitions.
Regulators signalled broader scrutiny of big tech companies' transactions by issuing fines for several previous acquisitions.PHOTO: REUTERS

BEIJING (CAIXIN GLOBAL) - China's tech giants are feeling the squeeze as regulators step up efforts to rein in unfair competition and put the sprawling internet sector under unprecedented antitrust scrutiny.

E-commerce behemoth Alibaba Group Holding Ltd found itself in the centre of the regulatory storm as China's market watchdog launched an investigation of the company on Dec 24, citing allegations of monopolistic practices.

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