China’s antitrust regulators weigh levying record fine on Alibaba

China’s antitrust regulators are considering levying a record fine on Alibaba Group Holding Ltd over suspected anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The fine could surpass the $975 million that Qualcomm paid in 2015 over anticompetitive practices, the report said. The regulators are also considering whether […]

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China market regulator fines 12 firms for violating anti-monopoly law

China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules. The companies included Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday. The companies were fined 500,000 yuan ($77,000) each for […]

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PwC survey ranks post-Brexit UK fourth most favoured investment destination, overtaking India

Post-Brexit Britain has overtaken India to become the fourth most favoured investment destination according to a survey of chief executives of more than 5,000 companies, PricewaterhouseCoopers Chairman Bob Moritz said on Friday. The top three – the United States, China and Germany – were unchanged from the previous year’s PwC survey, while Britain and India […]

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