Legal & Regulation

Legal & Regulation
Government Regulations Spark Fall Of China’s Tech Moguls
August 09, 2021

The richest man in China — Zhong Shanshan, founder of bottled water consortium Nongfu — has a low profile and few headlines, even though he knocked Alibaba and Ant Group Founder Jack Ma out of the billionaire top spots, according to media reports. Get the...

ANTITRUST
EU Delays Date For Ruling On Facebook, Kustomer Transaction
August 09, 2021

European Union antitrust regulators have delayed the target date for a determination on Facebook’s purchase of New York-based software company, Kustomer, to Dec. 15, according to a Monday (Aug. 9) report from Reuters. The original deadline had been Dec. 8 and was pushed back at...

ANTITRUST
Walmart, Amazon To Face Indian Antitrust Probe
August 09, 2021

Amazon and Walmart will face antitrust probes in India over their eCommerce practices, the country’s Supreme Court ruled on Monday (Aug. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
Chinese Regulators Slap Tencent’s WeChat With Lawsuit
August 06, 2021

Shenzhen-headquartered Tencent is being slapped with a lawsuit over its WeChat subsidiary and regulations concerning minors, Reuters reported on Friday (Aug. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
India Court Affirms Amazon Victory Against Future Group-Reliance Deal
August 06, 2021

India’s Supreme Court on Friday (Aug. 6) affirmed an emergency arbitrator’s decision, sought by Amazon, preventing the planned sale of the Future retail chain to Reliance Industries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
BIS Wary Of Big Tech’s Market Power, Data Concentration In Finance
August 02, 2021

A new BIS paper reported that big tech’s power could be a cause for concern. 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,...

Legal & Regulation
Big Tech Compliance Tracker: EU Privacy Regulator Fines Amazon $887M; Musk Calls Apple’s App Store...
August 02, 2021

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,...

ANTITRUST
EU To Investigate Facebook’s Proposed Buy Of Kustomer Over Antitrust Concerns
August 02, 2021

The European Commission has opened an investigation into the proposed acquisition of Kustomer by social media giant Facebook, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
Scarlett Johansson’s Disney Lawsuit Could Force Hollywood Studios To Rethink Streaming Profit Split
August 02, 2021

The COVID-19 pandemic has rapidly altered the way films are shared with audiences, with many being launched directly onto streaming platforms first. With that, Hollywood may be forced into renegotiations with its acting stars. Get the Full Story Complete the form to unlock this article...