TENCENT HOLDINGS ADR (TCEHY), Baidu, Inc. (NASDAQ:BIDU) – China’s Antitrust Regulator Penalizes Tencent, Baidu For Past Investments: Bloomberg

The antitrust regulator in China has penalized some of its tech majors, including Tencent Holdings Ltd (OTC: TCEHY), Baidu Inc (NASDAQ: BIDU), ByteDance Ltd, and Didi Chuxing, for past acquisitions and investments as it stepped up its restriction on the technology sector, Bloomberg reports citing a statement by the regulator.
What Happened: Pony Ma’s Tencent was fined…

Read More from www.benzinga.com