China readies sizeable penalty for Tencent in sweeping antitrust crackdown, say sources

Tencent faces penalties for not properly reporting past acquisitions and investments for antitrust reviews, an offence with a fine capped at 500,000 yuan per case, and for anticompetitive practices in some of its businesses, with music streaming in particular focus, said the sources.

from Tech-Economic Times https://ift.tt/3u6ZfYP