Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. Facebook Blasts Britain’s Concerns About Its Giphy Acquisition Facebook defended...
Beijing is angling to break up the super-app Alipay in order to make a new app for the company’s 1 billion-plus-user loans business, a Financial...
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. This...
Chinese firm ByteDance, owner of video-driven social media sites TikTok and Douyin, is looking for roughly $4 billion in loans as its initial public offering...
Cao Cao Mobility, a ridesharing app, has reaped the benefits of investments from Chinese state investors as rival Didi sees itself mired in regulatory issues,...
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...
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...
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...
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...