China tech crackdown

China has joined the global rush to generative artificial intelligence, boasting close to 80 AI models from firms like Baidu and Alibaba and startups attracting almost $14 billion of funding over the last six months.But unlike in the West,…

China's central bank will step up support for private firms as part of steps to shore up the economy, while easing a crackdown on tech companies, Guo Shuqing, Communist party chief of the People's Bank of China, was quoted by state media as…

Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years…

China’s market regulator announced on July 10 that it has fined technology behemoths Tencent and Alibaba as well as a number of other companies for breaking anti-monopoly regulations regarding the disclosure of transactions. A list of 28…

Beijing/Singapore: Ant Group and Alibaba are untangling their operations from each other and independently seeking new business as the Jack Ma-founded companies navigate China's devastating regulatory crackdown, four sources familiar with…

Chinese business mogul Jack Ma’s Alibaba-linked Ant Group has launched a digital banking service in Singapore to meet the needs of small businesses that conduct cross-border transactions. Ant’s wholly-owned subsidiary ANEXT Bank will…

The US Securities Exchange Commission (SEC) is investigating Didi Global Inc over its $4.4 billion initial public offering in the United States in June last year, the Chinese ride-hailing giant said. Didi was cooperating with the US…

Alibaba Group Holding Ltd. shares slid more than 9% after state broadcaster CCTV reported Tuesday that authorities in its home base of Hangzhou had imposed curbs on an individual surnamed Ma. Alibaba’s shares recouped much of their losses…

Beijing: China's tech crackdown has adversely affected the jobs market amid economic headwinds laden with stories about frozen headcounts and lay-offs. China's year-long campaign to clip the wings of the country's Big Tech sector has taken…

Chinese authorities are considering requiring Tencent Holdings Ltd. to include WeChat Pay in a newly created financial holding company, part of an overhaul that may necessitate a new license for the ubiquitous mobile payments service,…