"... announced a ¥7.123 billion ($984 million) fine for Alibaba's fintech operation, Ant Group, and ordered the closure of its health insurance service, Xianghubao. Tencent 'fessed up [PDF] to having received a notification of a ¥2.9 billion ($414 million) fine..."
Memo to Ofcom, et al... "Learn, Guys".
(with apologies to Messrs. Gaiman and Pratchett)