Big Tech Faces Global Regulatory Blowback

Big Tech Faces Global Regulatory Blowback

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Seismic shocks ahead for Big Tech loom — certainly in China, and almost certainly for firms here in the U.S. Bloomberg reported on Friday (March 12) that Tencent and Baidu have been censured by the nature’s antitrust regulators. Tencent and Baidu have been fined 500,000 yuan each for past acquisitions and investments they have made. The Wall Street Journal has reported that Alibaba may be fined more than the $975 million that Qualcomm paid six years ago.

Fines are one thing. Wholesale restructurings…

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