Alibaba, Tencent, Baidu have been fined by Chinese competition officials | Business and Economy

The professional companies have been ordered to pay $ 3.4m for 43 unconstitutional violations and violations between the authorities alone.

Alibaba Group Holding Ltd., Tencent Holdings Ltd. by Baidu Inc. is one of the companies ordered to pay a fine of 21.5 million euros ($ 3.4 million) by Chinese competition authorities, the most recent sanctions for violations taking place in the country. on monopolies.

The companies must pay 500,000 yuan ($ 78,000) for each of the 43 antitrust breaches, the State Administration for Market Regulation said on Saturday.

President Xi Jinping announced his intention in March to track down “platform” companies that collect data to create regulators and Beijing has been increasingly uncooperative control over growing Chinese companies, especially in the digital sector.

Alibaba was fined $ 2.8 billion earlier this year for misusing its market, while Meituan food leader was fined $ 533 million last month for violating anti-crime laws.