China regulator fines Alibaba, Tencent for disclosure violations

China regulator fines Alibaba, Tencent for disclosure violations

The State Admnistration for Market Regulation released a list of 28 deals that violated the rules The State Admnistration for Market Regulation released a list of 28 deals that violated the rules China has imposed fines on technology giants Alibaba and Tencent, as well as a range of other firms for failing to comply with […]

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Tencent-stakeholder Naspers posts 16% drop in full year profit

Tencent-stakeholder Naspers posts 16% drop in full year profit

The South Africa-listed company holds a 28.78% stake in the Chinese gaming company The South Africa-listed company holds a 28.78% stake in the Chinese gaming company Technology investor Naspers said on Monday its full year profit fell 16% as it reinvested its earnings into other businesses and as the contribution from its shareholding in Tencent […]

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U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan

U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan

The bill, unveiled Thursday, states that companies that own or control app stores “shall not carry or support any app in app store(s) within the United States that supports or enables transactions in e-CNY.” The bill, unveiled Thursday, states that companies that own or control app stores “shall not carry or support any app in […]

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