Business

UK music streaming faces scrutiny from competition watchdog

Regulators are stepping up scrutiny of the United Kingdom's music streaming market to see whether there is enough competition after lawmakers outlined concerns that major online platforms like Spotify may be too dominant.

Business

UK watchdog: Facebook's ownership of Giphy hurts competition

Facebook's ownership of Giphy will hurt competition for animated images, U.K. regulators said Thursday, meaning the social network could ultimately be forced to unwind the deal if the provisional findings are confirmed.

Business

Big Chinese firms fined over anti-monopoly law

China fined 11 companies including tech giant Tencent on Friday, taking aim at their acquisitions and joint ventures as authorities target monopolistic practices.

Business

Chinese regulator orders Ant Group to conduct major overhaul

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

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