China’s antitrust watchdog announced that it is fining tech titan Alibaba and China Literature, Tencent’s e-book spinoff, for failing to declare past acquisitions.

The State Administration for Market Regulation (SAMR) also said it’s reviewing an impending Tencent-led merger.

Jack Ma / Photo credit: Alibaba

According to the regulator, it will fine Alibaba 500,000 yuan (US$76,400) as the ecommerce giant didn’t seek approval before increasing its stake in department store chain Intime Retail to 73.79% in 2017.…

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