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asia policy

Shares of Alibaba, Tencent Fall After China Unveils Draft Antitrust Rules

By
Shai Oster
· · Source: Bloomberg

In a move echoing recent U.S. antitrust measures, China has unveiled sweeping regulations to curb the monopoly power of tech platforms, sending shares of Alibaba, Tencent, Meituan and JD.com plunging. The selloff came after China’s antitrust watchdog published draft regulations for public comment, according to Bloomberg. Among the behaviors targeted is sharing of consumer data,...

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