Beijing lectures Tencent, Meituan and ByteDance to learn a lesson from Alibaba in latest antitrust crackdown

Source: South China Morning PostChina’s antitrust watchdog, cyberspace administration and its taxation authority on Tuesday ordered 34 of the country’s biggest internet companies, including Tencent, Meituan and ByteDance, to take note of Alibaba’s recent antitrust punishment and conduct self-inspections in the coming month as Beijing widens its regulatory crackdown on Big Tech.Alibaba, owner of the South China Morning Post, was among the 34 internet firms represented in the room, according to a statement from the State…Read More

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