China market regulator fines 12 companies for illegal monopolistic behaviours

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The State Administration for Market Regulation said in a statement on Friday that the companies include Baidu Inc (NASDAQ:BIDU), Tencent Holdings (OTC:TCEHY), Didi Chuxing, and ByteDance-backed firm.

Baidu, Tencent, ByteDance and Didi did not immediately respond to requests for comment.