$BABA, $JD, $DIDI were fined RMB$500,000 for violating the Anti-Monopoly Law

$DiDi Global (Delisted)(DIDI.US)$ $Alibaba(BABA.US)$ $JD.com(JD.US)$ 43 transactions involving the concentration of undertakings were punished for failure to declare. This weekend, Tencent, Alibaba, ByteDance, JD, Didi, and other companies and their affiliates were fined RMB$500,000 by the State Administration of Market Regulation for violating the requirements of the Anti-Monopoly Law of the People’s Republic of China to declare concentration of operators. Among them, Tencent involved the most cases, with a total of 13 cases.

Do you think this really matters to these Chinese tech giants ??? Because RMB$500,000 is not a big number for them.