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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.
The People’s Republic is preparing to reinforce regulation of today’s Internet giants, which are particularly hungry for large quantities of data. The initiative may also provide Beijing with an opportunity to tighten its grip on Internet-related industries.
SHANGHAI (Reuters) - A number of China's top regulators published draft guidelines on Monday dictating how apps must protect the privacy and personal information of users.
China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan.
As President Xi Jinping targets China’s massive tech giants, the big question now is how he’ll get them to share key data as part of a sweeping plan to transform the world’s second-biggest economy.
BEIJING (Reuters) -Jidu Auto, an electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters.
The SF5 model has been jointly launched by the Shenzhen-based tech giant and carmaker SERES. Moves comes after senior executive said smart cars may help company offset declining smartphone sales.
The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd is turning into one of the great rivalries in Chinese business.
Delivery giant to take on rival in online groceries
Alibaba’s pledge was one of 11 released on Friday by tech firms such as video streaming site iQiyi, search engine Sogou and food delivery platform Ele.me The company said separately that trial programme for merchants on its Tmall platform would begin on April 19