Paytm’s chief Vijay Shekhar Sharma moved to reassure the markets as the Indian giant’s share price tumbled another 12% after reports of data leaks to Chinese firms
The PBOC uncovered violations during an inspection of WeChat Pay in late 2021. The payments network allegedly permitted the transfer and laundering of funds from illicit transactions, it said
Ratings agency’s analyst expects Meituan’s food delivery business to break even in 2022 but warns of the impact of further regulatory crackdowns
The food delivery service said it would commit an initial sum of 20 million yuan ($3.17 million) to the effort
Beijing has reportedly asked state firms to identify any links they have with billionaire Jack Ma's Ant Group
Investor worries over a possible new crackdown by Beijing set off steep drops in Chinese tech shares on Tuesday. Alibaba, Meituan, Tencent and JD.com were all dragged down
Munger said he wished cryptocurrency had been banned from the start. "I'm proud of the fact that I avoided it," he said
The adjustments to its investments, revealed in a Securities and Exchange Commission filing, reflect investor concerns about the Chinese tech sector
Regulator meets with 27 firms such as Tencent, Alibaba and ByteDance to explain the regulatory landscape so they have a clearer grasp of sustainable 'development opportunities'
Hong Kong led the advance leaping more than 2% thanks to a 6.8% surge for e-commerce giant Alibaba after SoftBank denied it was planning to offload some of its huge holdings
The ADS registration might also suggest potential selling intention by SoftBank, Citigroup analysts said this week
Bargain-buying gave the region’s markets a lift though Hong Kong fell with Alibaba under pressure after reports major shareholder SoftBank may be planning to offload part of its stake