China’s top market regulator has fined units of Alibaba Group Holding Ltd, Tencent Holdings Ltd, and Bilibili Inc.
The trio were fined for failing to properly report about a dozen deals.
The regulator, China’s State Administration for Market Regulation (SAMR) slapped 500,000 yuan ($78,692) on the companies per deal.
SAMR has been targeting unreported deals involving tech giants.
Last November it listed 43 investments that companies failed to report and levied a 500,000 yuan fine for each one.
