Tag: China
China Planning To Fine Meituan About $1 Billion
China’s antitrust regulator is preparing to impose a roughly $1 billion fine on food-delivery giant Meituan for allegedly abusing its dominant market position to...
China Goes After Tencent Online Gaming
Chinese state media publication Economic Daily called online gaming a “spiritual opium,” which prompted Tencent to introduce new rules for young players, starting with...
China Delays Review of Nvidia’s $40B Arm Acquisition
As reported by The Information, insiders are saying that Chinese competition regulators haven't even started their formal review of NVIDIA's proposed acquisition, which can...
Didi Denies It Has Plans To Go Private After $4.4B IPO
Ride-hailing company Didi Global on Thursday, July 29, denied a media report that the company was considering going private to placate Chinese authorities and compensate...
China’s Antitrust Regulator Orders Companies To Fix Security Issues
China’s main technology-sector regulator ordered the country’s internet giants to fix certain anticompetitive practices and data security threats, building on a regulatory campaign to...
Tencent Ordered To Give Up Exclusive Music Licensing Rights
China’s antitrust regulator has ordered Tencent to give up its exclusive music licensing rights and slapped a fine on the company for anti-competitive behavior,...
Uber’s Didi Plummets As China Continues US Crackdown
Uber’s stake in Didi shrank by $2 billion this week amid China’s crackdown on U.S. listings. In less than one month, the ride-hail giant’s...
Chinese Regulators Mull Hefty Didi Fine
Ride-hailing giant Didi could face hefty fines from Chinese regulators as well as possible delisting from the New York Stock Exchange (NYSE), CNBC reported...
Volkswagen Pledges To Follow China’s Data Laws
Volkswagen will ensure that it fully complies with China's stringent new data privacy rules, the carmaker said in a briefing on its first-half sales...
Ericsson’s 5G Goals Hit A Block In China
Sweden's Ericsson, caught in the middle of a geopolitical battle between Beijing and the West, said on Friday it was no longer banking on...