By Martin Mou

China's market regulator has fined Alibaba Group Holding Ltd. and Tencent Holdings Ltd.-controlled China Literature Ltd. for not declaring past acquisition deals to authorities.

The State Administration for Market Regulation said Monday that it imposed the fines after an investigation into Alibaba's acquisition of a controlling stake in Intime Retail (Group) Co. Ltd., China Literature's acquisition of New Classics Media, as well as a deal by logistics firm Shenzhen Hive Box.

The three companies, each to receive a penalty of 500,000 yuan ($76,374), should have reported the deals as they could lead to implications for market competition, the regulator said.

Write to Martin Mou at martin.mou@wsj.com

(END) Dow Jones Newswires

12-14-20 0347ET