Regulators summon fintech firms - Android

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Regulators summon fintech firms - Android

Four Chinese government agencies including the country’s central bank and top securities regulator on Thursday summoned the fintech branches of 13 Chinese tech companies including Tencent, Baidu, Bytedance, and Didi Chuxing. The firms were told to take actions to prevent monopolies and the “disorderly expansion of capital.” (Xinhua, in Chinese)

Four Chinese government agencies including the country’s central bank and top securities regulator on Thursday summoned the fintech branches of 13 Chinese tech companies including Tencent, Baidu, Bytedance, and Didi Chuxing. The firms were told to take actions to prevent monopolies and the “disorderly expansion of capital.” (Xinhua, in Chinese)

30/04/2021 06:13 AM