Benzinga | Jan 5, 2022 06:42AM EST

Read Why China Penalized Alibaba, Tencent, Bilibili

* China's State Administration for Market Regulation (SAMR) penalized Alibaba Group Holding Ltd (NYSE:BABA), Tencent Holdings Ltd (OTC:TCEHY), and Bilibili Inc (NASDAQ:BILI) 500,000 yuan ($78,692) per deal for improper disclosure of a dozen of deals, Reuters reports.

* The penalties mark a maximum under China's 2008 anti-monopoly law.

* Related Content: Why Alibaba, Tencent, Baidu, Bilibili Shares Are Trading Lower Today

* SAMR, in particular, has targeted unreported deals involving tech giants.

* Last November, SAMR listed 43 investments that companies failed to report and levied a 500,000 yuan fine for each one.

* Price Action: BABA shares traded higher by 1.14% at $118.20 in the premarket session on the last check Wednesday.