Technology

Reuters exclusively reports China to crank up anti-trust heat on Big Tech

Reuters reported exclusively how China’s market regulator is now gearing up to put more transactions under scrutiny, after having levied fines and announced a probe into deals backed by the likes of Alibaba Group and Tencent. The regulator is particularly keen to “make an example” of a $3.5 billion plan for search engine Sogou Inc to be taken private by shareholder Tencent Holdings. Also in its sights is a bid by private-equity firm MBK Partners to buy China’s top online car rental firm, due to concerns it could cause competition issues as MBK already owns the industry’s No.2 player. 

Article Tags
Topics of Interest: Technology
Type: Reuters Best
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Major Global Story
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