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Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd and ByteDance Ltd, levelling many of the same curbs employed against Jack Ma’s Ant Group Co in a crackdown on the tech sector.
HAIPHONG, Vietnam (Reuters) - Move over Tesla, how about a VinFast?
Sony’s PlayStation 5 is available for pre-order and launches in mainland China on May 15, six months after its global release. The launch follows Chinese authorities’ crackdown on smuggled video games and consoles to comply with the government’s strict content regulations.
LONDON (Reuters) - Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, with investors betting that ether will be of ever greater use in a decentralised future financial system.
(Reuters) -U.S. asset manager Fidelity Investments has halved the valuation of its shares in Ant Group, the Chinese financial technology company at the centre of a major regulatory crackdown, the Wall Street Journal reported https://on.wsj.com/337DSLd on Monday.
HONG KONG (Reuters) - Online-only banks in Hong Kong backed by China's ZhongAn Online P&C Insurance and Britain's Standard Chartered moved ahead of newly launched rivals as they garnered 70% of deposits last year, the lenders' annual reports showed.
LONDON (Reuters) - After a frenzied first quarter for non-fungible tokens (NFTs), the market for blockchain-based digital assets ranging from art and videos to songs and tweets slowed in April, platform and product data shows.
Tencent Holdings Ltd is negotiating agreements with a US national security panel that would allow it to keep its ownership stakes in US video game developers Riot Games and Epic Games, according to people familiar with the matter.
TikTok and its Chinese version Douyin retained No 1 spot in global downloads in April with 59 million installs. The apps’ global monthly installs have fallen from the peak in 2020 amid political headwinds in the US and India.
While the force did not identify the victim, she is understood to be the mother of Hong Kong fashion model Rosemary Vandenbroucke. The con artists told the woman she was suspected of involvement in money laundering, and that they needed to transfer money out of her accounts for investigative purposes.