Chinese tech and e-commerce giants Tencent and Alibaba have been fined in their country by the competition authority.
These are related to various takeovers, in which regulations have been violated, according to the regulator. The parties would have been insufficiently transparent in the acquisitions.
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Reuters reports that both parties will be fined by the competition authority. The extent of this is unclear. Companies can be fined up to 500,000 Chinese yuan per violation.
Online retailer Alibaba is said to be involved in five takeovers in which rules have been broken, including the acquisition of streaming platform Youku Tudou.
Tencent, who grew up on social media and online video games, was reportedly involved in 12 cases.
