Business
Giants Tencent, Bytedance among companies reined in by China – BBC News
Beijing for years took a hands off approach towards tech firms, but it is now stepping up scrutiny.
image copyrightGetty Images
image captionFour regulatory agencies, including Bytedance, met with the firms on Thursday
Chinese regulators have called on 13 online platforms to adhere to tighter regulations in their financial divisions, as part of a wider push to rein in China’s tech giants.
They include Tencent and ByteDance, the parent company of TikTok.
The authorities said the aim was to prevent monopolistic behaviour and the “disorderly expansion of capital”.
For many years, Beijing took a…
-
General7 hours agoCoroner to examine treatment of woman who died three days after surgery performed by former Queensland premier’s partner
-
General10 hours agoAlbanese beats drum on economy as trade clouds gather
-
Business7 hours agoWhy Antipa, Cettire, Magnetic Resources, and Steadfast shares are pushing higher
-
Noosa News9 hours agoSurgeon partner of former premier to testify over his patient’s death