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Alibaba, Tencent shares rise as investors bet China's tech crackdown is over

HONG KONG: Alibaba Group and Tencent shares rose in Hong Kong on Monday (Jul 10) after China's US$984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crac ....

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Why US Investors Should Cheer Yellen's Successful Trip

Asian equities were mixed overnight on light volumes as Japan, South Korea, and Taiwan underperformed. ....

South Korea , Hong Kong , John Kerry , Zheng Zhajie , Kweichow Moutai , Elon Musk , China Tourism Group Duty Free , China Construction Bank , Longi Green Technology , Reform Commission , Night Exchange , Berkshire Hathaway , Longi Green Energy , Year China Development Bank Bond , National Development , Janet Yellen , Wuxi Apptec , Hong Kong Listed , Hang Seng , Hang Seng Tech , Stock Connect , From Voting Machine , Exchange Rates , Year Government Bond , Wuxi Biologics ,

Tencent's WeChat to skip Australian social media hearing on 'political interference' amid backlash

WeChat has been under fire in Australia for its alleged influence over Chinese-Australians, amid souring relations between Beijing and Canberra. ....

Australian Capital Territory , New South Wales , Donald Trump , Joe Biden , Department Of Defence , Lowy Institute , April Australia , Five Eyes , Social Media ,

Climate scientists cover Sichuan's Dagu glaciers with Tencent-sponsored hi-tech blanket to impede their melt amid global warming

Although China has committed to reduce greenhouse-gas emissions to reach carbon neutrality by 2060, the country’s meteorological administration announced last month that the El Niño climate phenomenon is expected to bring more extreme weather, including record high temperatures, to China ....

Researchers At Nanjing University , Nanjing University , Dagu Glacier , Nanjing University ,

China wraps up fintech crackdown with big fines on Tencent, Alibaba

The regulatory crackdown that has shaken up China's fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country's two digital payments giants. Tencent, along with its payments subsidiary Tenpay, has been fined approximately 2.99 billion yuan ($410 million) by the People's Bank of China for "its past regulatory breaches in relation to the provision of payment services in the mainland of China," the company said in a filing on Friday. On the same day, the central bank announced it will slap a 7.123 billion yuan (roughly $1 billion) fine on Ant Group, the fintech affiliate of Alibaba, for a range of illegal activities, including those concerning corporate governance, consumer protection, banking and insurance, payments and settlement, anti-money laundering practices and fund sales. ....

Jack Ma , Ant Group , People Bank , Bank Of China , Digital Payments , Ant Group ,