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.