Commentary The Chinese government fined Alibaba $2.8 billion under the anti-monopoly law, highlighting the Chinese government’s comprehensive review of mainland Internet companies. However, Tencent, another monopolistic Internet company in mainland China, was only fined $311,610, mere pennies for a mega-corporation like Tencent. The CCP’s biggest grievance with Alibaba is that it has grabbed a very big slice of the CCP’s precious banking and finance pie. In reality, Tencent’s monopolistic actions are no lesser than Alibaba’s. China’s three main technology companies are Baidu, Alibaba, and Tencent (BAT). Among BAT, Tencent’s amazing expansion has created the most serious monopoly, which far surpasses the reach of Alibaba or Baidu. Why is the CCP showing mercy to Tencent while so heavy handed with Alibaba? Alibaba vs Tencent As megacorps, both Alibaba and Tencent dominate the massive Chinese digital marketplace. Each is valued at similar market capitalizations of approximately half a trillion USD, and has slightly …
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