Comment: Tencent forced to 'restore competition' to China's online music-streaming market
By MLex Staff ( July 26, 2021, 08:45 GMT | Comment) -- Just two weeks after Tencent was hit by a history-making merger review decision by the country’s competition regulator to block the combination of two video-game live-streaming platforms, the Chinese tech giant received a first-ever “restore competition” order for its failure to notify the merger between Tencent's music business and China Music Corp. The ramped up enforcement action underscores the ongoing effort by the regulator to rein in what it sees as anticompetitive behavior in the online sector.Just two weeks after Tencent was hit by a history-making merger review decision by the country’s competition regulator to block the combination of two video-game live-streaming platforms, the Chinese tech giant received a first-ever “restore competition” order for its failure to notify the merger between Tencent's music business and China Music Corp. The ramped up enforcement action underscores the ongoing effort by the regulator to rein in what it sees as anticompetitive behavior in the online sector....
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