Business Apr 1, 2021
Mizuho's reported losses are far smaller than those incurred by some institutions, with Nomura warning of up to $2 billion in exposure.
Business | FOCUS Mar 21, 2021
China crackdown cuts Big Tech down to size
by Dan Martin
There's a reason why the escalating crackdown is largely drawing shrugs from Chinese consumers: it is widely seen as necessary.
Business Mar 16, 2021
China’s top leader warned that Beijing will go after so-called "platform” companies that have amassed data and market power, a sign that the monthslong crackdown on the country’s internet sector is only just beginning. President Xi Jinping on Monday chaired a meeting of the communist ...
Business / Corporate Mar 15, 2021
Rakuten sees biggest surge in 18 years after Tencent and Japan Post invest
by Vlad Savov
The e-commerce pioneer is looking to expand its capabilities in artificial intelligence, financial technology and mobile networks.
Business | FOCUS Jan 28, 2021
China’s crackdown will shake up world’s largest fintech market
The nation's financial watchdogs have made it their primary goal this year to curb the "reckless” push of technology firms into finance.
Business Jan 10, 2021
Chinese tech companies did a pretty good job convincing global investors that they operated independently from the Communist Party. Now, Jack Ma has become a case study for the firms’ biggest skeptics. Companies from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. splashed out billions ...
Asia Pacific Jan 9, 2021
China issues rules to stop ‘unjustified’ use of foreign laws
The rules are effective immediately and allow authorities to ban the imposition of other jurisdictions’ laws on Chinese entities but will be difficult to enforce abroad.
Business Jan 6, 2021
Trump targets Ant’s Alipay, WeChat Pay and others in latest round of bans
The outgoing president's order bans U.S. transactions with eight Chinese software apps in 45 days, when he’ll no longer be in office.
Business Dec 3, 2020
China punctuates greater market freedoms with tough crackdowns
by Sofia Horta E Costa
Last month alone, Beijing canned Ant Group’s share sale, issued rules to root out monopolies in the internet sector and began scrutinizing investments in new energy vehicles.
Business Sep 21, 2020
With a presidential election around the corner, the ruling buys the apps' owners some time and offers hope or avoiding a ban.