China's State General Administration for Market Control detected illegal stock purchases by Meizu Technology Co., Yongyang Anfeng Technology Co. and AutoNavi Software Holdings Co.
Violations in the reporting documents of Baidu, Suning and Tencent were found, so fines were issued. Authorities have registered 43 cases of such violations recently.
More on the topic:
Biden rules out US lockdown amid omicron spread
Earlier PRC leader Xi Jinping announced government measures to curb market monopolization. The authorities want to protect small and medium-sized businesses.