[ad_1] GUANGZHOU, China — Meituan shares surged over 9% on Monday, main China know-how shares larger, after the meals supply big was slapped with a superb on account of an antitrust probe. On Friday, China’s State Administration for Market Regulation (SAMR) said Meituan abused its dominant position within the nation’s on-line meals supply market. The … Read more
[ad_1] Xi Jinping, basic secretary of the Communist Celebration of China CPC Central Committee, Chinese language president and chairman of the Central Navy Fee, delivers an necessary speech at a ceremony marking the a hundredth anniversary of the founding of the CPC in Beijing, capital of China, July 1, 2021. Ju Peng | Xinhua Information … Read more
[ad_1] A WeChat messaging app brand is seen on an smartphone. NurPhoto | NurPhoto | Getty Photos GUANGZHOU, China — For years, China’s main web platforms have operated as walled gardens, blocking hyperlinks from rivals and never permitting customers to buy items utilizing rivals funds merchandise. That is beginning to change as regulators pressure China’s … Read more
[ad_1] On this picture illustration, the Bitcoin emblem is seen on a cellular system with Individuals’s Republic of China flag within the background. (Picture Illustration by t/SOPA Photographs/LightRocket by way of Getty Photographs) Budrul Chukrut | SOPA Photographs | LightRocket | Getty Photographs China’s central financial institution renewed its robust discuss on bitcoin Friday, calling … Read more
[ad_1] European Fee government vp Margrethe Vestager talks to media in Brussels, Belgium. Thierry Monasse | Getty Photos Information | Getty Photos LONDON — China and the U.S. are taking extra aggressive steps in regulating giant tech corporations, difficult the European Union’s dominance within the area. For a while, the EU has led the way … Read more
[ad_1] Chinese language ride-hailing firm Didi gives vehicles for company of the Annual Assembly of the New Champions 2017 (World Financial Discussion board’s Summer season Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visible China Group | Getty Photos BEIJING — As abroad traders reel from Beijing’s regulatory crackdown, … Read more
[ad_1] GUANGZHOU, China — Ant Group will share credit score information from its client lending enterprise with China’s central financial institution as a part of an overhaul of the fintech large. Huabei is a client mortgage product below Ant Group. Information from that lending product might be fed into the monetary credit score info database … Read more
[ad_1] Chinese language e-commerce functions within the lead as much as the June 18 mid-year buying pageant. Clockwise from prime left: Alibaba Group’s Taobao, Pinduoduo, Alibaba, Alibaba’s Tmall, JD.com and Alibaba’s Idle Fish. Chan Lengthy Hei | Bloomberg | Getty Photos China’s regulatory clampdown on the know-how sector might proceed — however Morgan Stanley stated … Read more
[ad_1] Regulatory uncertainty has weighed closely on the Chinese language tech sector all through a lot of this yr. [ad_2] Source