China Imposes Stricter Oversight on Tencent and ByteDance’s Finance Arms as Crackdown on Big Tech Continues
Beijing summoned 13 internet companies engaged in finance business on Thursday, including Tencent and ByteDance, ordering them to comply with tougher regulations, as part of a broad effort to further regulate the country’s most powerful tech giants.
China’s central bank, along with the banking and insurance regulator, securities watch…
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