Rattled Chinese tech giants pledge to end unfair competition

Beijing - More than 20 Chinese tech giants have made a public pact to abide by anti-monopoly guidelines, after regulators told them to note “the warning” of a record fine against e-commerce giant Alibaba. Beijing is taking China’s tech firms to task to curtail the reach of private companies into the daily finances of the Chinese public — and, analysts say, to rein in their runaway expansion.