China fines 22 internet giants in anti-monopoly cases

China's State Administration for Market Regulation announced that they have fined 22 internet companies for their roles in anti-monopoly cases, the Associated Press reported on Wednesday. Twenty-two companies including six owned the Alibaba Group, five by Tencent Holding Ltd. and two by retailer Suning.com, Ltd. were fined 500,000 yuan ($75,000)...