China tightens its grip on tech giants, killing a merger that would have allowed Tencent to dominate the video game streaming industry

– Beijing has blocked a major deal between two rival sites that would have brought technology conglomerate Tencent to a roaring lead in the live game streaming industry. – China continues to crack down on monopolies among big tech companies, which once saw almost free rein of their markets. – It also ordered Tencent to drop exclusive music rights with some labels. – [Visit Insider’s homepage for more stories] . Beijing continues to clamp down on monopolies within its booming tech industry, blocking plans by tech conglomerate Tencent to merge China’s top two video game streaming websites. The $5.3 billion…