'Heed the warning': Beijing summons 34 tech firms after record Alibaba fine

Beijing (AFP) April 13, 2021

Chinese regulators have warned 34 technology giants - including Baidu and Tencent - to "rectify" any anti-competitive measures, a statement said Tuesday, days after e-commerce giant Alibaba was fined nearly $2.8 billion for abusing its dominant market position. The move suggests Beijing's scrutiny of its most powerful tech firms is far from over, with regulators warning they will continue