China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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682 articles matching the search query.
China Stocks Rally as Beijing Intensifies Effort to Calm Market
(Bloomberg) -- Stocks in China and Hong Kong jumped Thursday, after authorities intensified efforts to calm fears about a crackdown on the private education industry and as the central bank pumped liquidity into the financial system.The CSI 300 Index closed 1.9% higher, led by materials and industrial stocks. Hong Kong’s Hang Seng Index rallied 3.3%, as Meituan and Tencent Holdings Ltd. both climbed at least 9%. Technology shares extended gains after a report said China will continue to allow it
China’s regulatory crackdown is good news for startups aligned with CCP goals
Things are changing in China, and the regulatory landscape of tech work in the country won't be the same from here on out.
Tencent, Meituan Dumped by China Traders Who Used to Buy on Dips
Chinese investors are turning against the nation’s technology giants, removing a pillar of support that helped the sector through previous market routs.
China’s Tencent suspends registrations for WeChat, its popular app.
The company attributed the suspensions to a technical update of security features, but fears of new regulatory pressure sent its shares sharply down.
WeChat suspends new users until early August for ‘security upgrade’
WeChat has suspended new user registrations until August while it conducts a ‘security upgrade’ amid China’s intensified scrutiny over the country’s internet industry.
Beijing Gives Tech Investors a Brutal New Tutorial
Anyone who bought into Chinese internet stocks hoping for a bounce following the dramatic fall from grace of ride-hailing giant Didi has been taught another painful lesson this week.
Chinese Tech Stock Selloff Deepens
A selloff in Chinese technology stocks accelerated as investors unnerved by Beijing’s widening crackdown on internet companies and other industries sold down their holdings.
Tencent's WeChat suspends new user registration for security compliance
Tencent's (0700.HK) WeChat has temporarily suspended registration of new users in mainland China as it undergoes a technical upgrade "to align with relevant laws and regulations", China's dominant instant messaging platform said on Tuesday.
Meituan Stock Dives 15% After China Issues Food Platform Curbs
Meituan has shed more than $60 billion of its market value over two frenetic trading sessions, after Beijing unveiled sweeping reforms against private-sector companies that darkened the outlook for the world’s No 2 economy.
China’s Digital Yuan Puts Ant and Tencent in an Awkward Spot
China is calling on private-sector pioneers Ant Group and Tencent to help it develop a state-backed digital currency that threatens the pair’s highly popular payment networks.
Trailing Rivals, Tencent Short-Video App Pivots to Movies and TV
Weishi will transition to offering clips from longer-form content and build a system to redistribute the work of other creators, the tech giant’s vice president says
In Depth: Upstarts Shake Tencent’s Hold on China’s Gaming Industry
New generation of rivals including miHoYo, FunPlus and Lilith Games seize market share with high-quality content developed in-house
Tencent-Backed Online House Call Platform Weighs $500 Million IPO
Miaoshou Doctor is an online platform that enables patients to consult with physicians remotely and get prescription recommendations
Alibaba Looks to Bring Budget Shopping Platform to Tencent’s WeChat
E-commerce titan has applied to set up a mini program for its Taobao Special Edition, which targets rival Pinduoduo’s clientele of lower-end buyers
Tencent Profit Beats Expectations Despite Tightening Scrutiny of Big Tech
Tencent pledges all-out effort to comply with regulations; investors focus on entertainment business as fintech faces crackdown
