Alibaba, Tencent Fined By Chinese Regulator Over Non-Compliance With Anti-Monopoly Rules

China's State Administration for Market Regulation (SAMR) on Sunday imposed fines on technology giants Alibaba Group Holdings (NYSE: BABA ) and Tencent Holdings (OTC: TCEHY ), among other firms, for failing to comply with its anti-monopoly rules on the disclosure of transactions. What Happened: The Chinese market regulator released a list of 28 deals that violated the rules, with five cases involving units of Alibaba, including the 2021 transaction for the purchase of equity in its subsidiary, the Youku Tudou streaming platform. See Also:  Alibaba Falls 5%, Nio Sheds 3%: What's Weighing ... Full story available on Benzinga.com