HONG KONG -- A Chinese regulator has announced fines and probes in connection with a string of deals by Alibaba Group Holding and Tencent Holdings as Beijing moves ahead with curbs on the power of the country's internet giants.
The State Administration for Market Regulation is investigating the merger of Huya Inc and DouYu International, two Tencent-backed online gaming streaming platforms, according to a statement published by the regulator on Monday.
