Source: Tech – South China Morning PostTencent Holdings has secured conditional approval to acquire online audio platform Ximalaya after a nearly year-long review by China’s antitrust watchdog, a move set to expand the Shenzhen-based tech giant’s footprint in China’s digital content ecosystem.
The State Administration for Market Regulation (SAMR) cleared the deal on Tuesday, but imposed five conditions covering pricing and exclusivity to “effectively mitigate the potential negative impacts” of the acquisition, according to an…Read More