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TENCENT PENALTY
Alibaba shares rise 5.5% amid hopes Ant regulatory crackdown is endingThe scrutiny of the last two years created an uncertain environment that wiped billions off China tech sector share prices, including onlin...- Alibaba to decide on control over new business units after IPOsGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually list on...
- Alibaba, ByteDance share algorithm details with Chinese regulatorAlgorithms used by tech companies like Alibaba and Bytedance are closely guarded globally, but in March, China rolled out regulations oblig...
- Didi shareholders vote to delist from NYSE in wake of China's tech crackdownDidi’s biggest shareholders, which include SoftBank Group Corp., Tencent Holdings Ltd. and Uber Technologies Inc., have watched Didi’s shar...
- Chinese crackdown on tech giants show signs of easing; Alibaba, Baidu, JD.Com surgeBaidu, JD.com, and Alibaba shares gained in the premarket trading because Chinese-run news outlets stated that the government might end the...
- Tencent Music social entertainment services slump overshadows upbeat quarterRevenue from social entertainment services and others fell 15.2% to 4.73 billion yuan ($742 million), while paying users in the social ente...
- Tencent Music to list in Hong Kong; social unit drags resultsTencent Music said on Monday its mainstay social entertainment services business shrank in the fourth quarter, overshadowing the company's ...
- Hong Kong stocks tumble as traders extend tech routThe Hang Seng Index dived five percent Monday as the Hang Seng Tech Index was pummelled 11 percent after China said it would lock down Shen...
- US adds e-commerce sites operated by Tencent, Alibaba to 'notorious markets' listThe list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfei...
- Didi to cut up to 20% of jobs before Hong Kong listingMost of the company’s core businesses will be affected by the cuts, which are aimed at reducing expenses ahead of the Hong Kong listing, pe...
- China's market regulator fines Alibaba, Tencent for failing to report dealsAccording to public filings, China's State Administration for Market Regulation (SAMR) placed penalties of 500,000 yuan ($78,692) on the co...
- China fines tech giants over anti-monopoly violationsBeijing has launched anti-monopoly, data security and other crackdowns on tech companies since late 2020.
- Indians spend 4.8 hours a day on mobile apps; Musk sells $5B Tesla sharesA new report by App Annie, an app market analytics firm, puts numbers to something we’ve all known for 19 months now—that we’ve all been sp...
- Tencent boss loses $14 billion in rout, more than Jack MaIn a twist that has upended conventional wisdom on the political pecking order of China’s business elite, Tencent Holdings Ltd.’s mild-mann...
- Market darling Tencent turns into world's worst stock bet with $170 billion wipeoutTencent’s shares rebounded by 7.1% on Thursday morning, tracking broader gains in Chinese stocks after Beijing intensified efforts to allev...
- China probes Didi Chuxing for antitrust violations ahead of US IPOThe investigation into IPO-bound Didi Chuxing is the latest in a sweeping crackdown on Chinese technology companies, including Alibaba Grou...
- China fines online education firms for misleading consumersAlibaba-backed online tutor Zuoyebang was found to be using false advertising while Tencent's education technology firm Yuanfudao was found...
- China readies sizeable penalty for Tencent in sweeping antitrust crackdown, say sourcesTencent faces penalties for not properly reporting past acquisitions and investments for antitrust reviews, an offence with a fine capped a...
- China denies plan for $1 billion Alibaba fine, but tech firms take a blowAlibaba, China's largest online shopping portal, has been in the crosshairs of authorities in recent months over concerns of its reach into...
- China fines tech firms over online contentThe amounts of the fines were not made public. The companies were also ordered to immediately remove illegal content as well as increase pl...
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