Industry regulation

China tech shares surge after meals supply big Meituan is hit with $534 million antitrust superb

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China tech shares surge after meals supply big Meituan is hit with $534 million antitrust superb

[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

Alibaba apps are beginning to assist Tencent’s WeChat Pay. Here is why it is a massive deal

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Alibaba apps are beginning to assist Tencent's WeChat Pay. Here is why it is a massive deal

[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