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China tech

China fines Tencent and Baidu as online crackdown widens

Internet giants hit with $77,000 penalties for failing to report acquisitions

SHANGHAI -- Chinese regulators fined 12 companies including Tencent and Baidu for having made acquisitions without notifying authorities, saying the moves violate antimonopoly rules.

The crackdown is the latest in a series of decisions by the antimonopoly watchdog aimed at tightening control over major internet companies in China.

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