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.
Alibaba's Ant Group will let more users test China's digital yuan
MYbank, an online bank in which Ant has a 30% stake, is now allowing some users to link accounts with China's digital currency app, state-backed media said.
Beijing Slaps Fines on Tutoring Apps Backed by Tencent, Alibaba
China is expanding its far-reaching tech campaign into online education, issuing the maximum penalties to two of the country’s fastest-growing tutoring apps for violating competition and pricing laws.
Tencent-backed Waterdrop slumps in NYSE debut
Shares of Chinese gaming giant Tencent (0700.HK)-backed online insurance technology firm Waterdrop Inc (WDH.N) tumbled 14.5% in their New York debut on Friday.
EXCLUSIVE China's Tencent in talks with U.S. to keep gaming investments -sources
Tencent Holdings Ltd (0700.HK) is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes in U.S. video game developers Riot Games and Epic Games, according to people familiar with the matter.
China orders fintech companies to stick to the rules as clampdown widens
The country's platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
China Orders Tencent, ByteDance to Rectify Financial Operations
Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tech sector.
EXCLUSIVE China readies Tencent penalty in antitrust crackdown- sources
China is preparing a substantial fine for Tencent Holdings (0700.HK) as part of its sweeping antitrust clampdown on the country's internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said.
PayPal’s ambition and uphill battle in China
Over the last few months, PayPal has been quietly gearing up for its expansion in China. At the recent Boao Forum for Asia, China’s answer to Davos, the American payments giant said its strategy for China is not to challenge the duopoly of Alipay and WeChat Pay. Instead, it wants to focus on cross-border business […]
How ByteDance Could Take a Bite Out of Tencent
Tiktok owner ByteDance has already laid former rivals like Baidu and Weibo low. Tencent could be next.
China Investigates Meituan For Suspected Monopolistic Practices
China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan.
Jack Ma Shows Why China’s Tycoons Keep Quiet
High-profile business leaders have been detained, sidelined or silenced as the Communist Party moves forcefully to keep companies in line. Today, the best strategy is to lie low.
Everything you need to know about the Waterdrop IPO
As China fast grows grey, who will win its massive but underdeveloped private medical insurance market? The Tencent-backed Chinese startup Waterdrop is betting it can, by combining charity and business. Valued at $2 billion last year, according to Bloomberg, Waterdrop filed its F-1 form on April 16 ...
China’s Meituan Amasses $10 Billion War Chest for Drones and Driverless Cars
The company also unveiled a new generation of self-driving delivery cars that it said were smarter and safer than previous versions.
Tencent pledges $7.7 bln to support China poverty, environment initiatives
Chinese tech giant Tencent (0700.HK) on Monday pledged to invest 50 billion yuan ($7.68 billion) in environmental and social initiatives, a move that comes as China's internet heavyweights come under intense scrutiny from antitrust regulators.
Tencent opens $4bn bond sale amid China debt market turmoil
Issue comes as internet platforms pressured over anti-competitive practices
Ahead of Suga-Biden summit, Japan briefs US on Tencent-Rakuten ties
Talks seek to reassure Washington over China link to telecom network
China warns 34 tech firms against excess in antitrust crackdown
Chinese authorities summoned 34 of the country’s biggest internet companies on Tuesday, including Tencent, Meituan and ByteDance, ordering them to learn a lesson from Alibaba’s case, and to conduct self-inspections to comply with antitrust laws.
Ant to Be Financial Holding Firm in Overhaul Forced by China
Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country’s fast-growing Internet giants.
WSJ News Exclusive | P&G Worked With China Trade Group on Tech to Sidestep Apple Privacy Rules
Procter & Gamble helped develop an advertising technique being tested in China to gather iPhone data for targeted ads, seeking to find a way around Apple’s new privacy tools, according to people familiar with the matter.
Tencent's biggest investor to trim stake
A unit of South African group Naspers to offload a 2 per cent holding but remain largest shareholder
