Published 3 years ago

Chinese tech stocks rally after anti-monopoly pledge as regulators sharpen claws

Summary by Reuters

A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a statement on Wednesday from the State Administration for Market Regulation.

0 Articles

All

Left

Center

Right

Times of India

Chinese Internet firms pledge to avoid anti-competitive behaviors - ET Telecom

Companies including Baidu, JD.com, and Bytedance have made promises to stop using such banned practices, including over-harvesting consumer data and a..

3 years ago·India

Read Full Article

Reuters

Chinese Internet firms pledge to avoid anti-competitive behaviors

3 years ago·United Kingdom

Read Full Article

South China Morning Post

Hang Seng Index climbs as Chinese tech stocks rebound from antitrust woes

Hong Kong and mainland China stocks gained as technology companies rebounded from a slump after antitrust regulators in China summoned 34 big internet companies for a lecture on compliance.The Hang Seng Index rose 1.2 per cent to 28,850 at local noon break. The Tech Index surged 2.4 per cent to 8,227.56. An overnight 1.1 per cent rally in US technology stocks on Nasdaq also lifted buying appetite.Meituan jumped 4.4 per cent to HK$288.20, while T…

3 years ago·Hong Kong

Read Full Article

CNBC

Chinese tech stocks rally after anti-monopoly pledge as regulators sharpen claws

Twelve major Chinese technology companies pledged Wednesday to comply with anti-monopoly rules, according to statements shared by the national market regulator.

3 years ago·United States

Read Full Article

Financial Post

China shares rise as some IT firms pledge against anti competition; Hang Seng gains

BEIJING -- China shares edged higher on Wednesday with IT firms leading gains, as investors cheered a dozen internet platform companies pledging to avoid anti-competitive behaviors, after e-commerce giant Alibaba was fined a record $2.75 billion last week for such practices. ** At the midday break, the Shanghai Composite index was up 0.15% at 3,401.72, while the blue-chip CSI300 index was up 0.31%. ** The information technology sector added 1.03…

3 years ago·Canada

Read Full Article

Today

Chinese Internet firms pledge to avoid anti-competitive behaviors

BEIJING - A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a statement on Wednesday from the State Administration for Market Regulation.

3 years ago·Singapore

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.