A China regulator has told tech giants Alibaba, Tencent and others to stop blocking one another’s website links on their respective platforms, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
China’s banking and insurance watchdog is looking to stiffen its oversight of insurance companies to limit financial risks and put out a draft guideline to achieve that goal as the country looks to recover from its COVID-19 pandemic-triggered economic struggles, according to Reuters. Get the...
Robinhood Markets says it is considering legal action against the Securities and Exchange Commission after the agency said it could ban payment for order flow, one of its chief revenue sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The business models that have promised to be disruptors are, in some cases, themselves being disrupted. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
On the heels of a crackdown on ride-hailing companies in China, Beijing’s local government has suggested investing in Didi Global Inc. to wrestle control away from the company, according to a Friday (Sept. 3) Bloomberg report. Get the Full Story Complete the form to unlock...
Facebook’s WhatsApp was slapped with a record $267 million (€225 million) fine by Ireland’s Data Protection Commission (DPC) for violating the European Union’s (EU) data privacy regulations, CNBC and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form to...
Unfair market practices are at the center of a new crackdown on ride-hailing companies in China, with the country’s Ministry of Transport and other watchdogs ordering 11 app-driven platforms to halt unfair practices, the Associated Press and other news outlets reported on Thursday (Sept. 2)....
TikTok parent ByteDance is curtailing its FinTech operations and selling off its stock brokerage business as Chinese regulators continue to wield power over companies that offer financial services, Reuters and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form...
