After Alibaba's Massive Fine, Tencent Fears It Could Be Next
The record $2.8 billion fine regulators levied again Alibaba Group Holding (NYSE: BABA) over the weekend for violating the country's anti-monopoly laws has other Chinese tech stocks worried that they are in Beijing's firing line.
Conglomerate Tencent Holdings (OTC: TCEHY) believes it may be next. It is already under scrutiny from regulators because it was previously fined for not receiving required prior approval for acquisitions, as well as its role in helping shepherd a merger between video game live-streaming leaders HUYA and DouYu International Holdings that is being examined for antitrust violations.
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Source Fool.com
