“Heed The Warning”: Beijing Warns 34 Tech Firms After Record Alibaba Fine “Heed The Warning”: Beijing Warns 34 Tech Firms After Record Alibaba Fine Companies summoned by the regulator include internet giants Baidu, Tencent and ByteDance, the owner of TikTok. Updated: April 13, 2021 6:07 pm IST Alibaba was hit with a $2.78 billion fine on Saturday after a months-long probe Beijing:

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.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.