14 Dec 2020 Share “The internet industry is not a place outside the anti-monopoly law,” said the State Administration for Market Regulation.

China’s market regulator, the State Administration for Market Regulation (SAMR), on Monday announced that it fined e-commerce giant Alibaba ( HKEX: 9988 ), Tencent-backed online literature company China Literature (HKEX: 0772) , and SF Express-owned smart locker Hive Box , RMB 500,000 (USD 76,463) each for not reporting deals for monopoly review, in a move to rein in the mounting power of tech companies in the country.…

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