BEIJING : Beijing-based ByteDance, the owner of TikTok, said on Wednesday that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the financial technology sector.
China recently has been tightening scrutiny towards the fintech sector, requiring companies to set up financial holding companies if they meet requirements to do so, as Alibaba's fintech affiliate Ant Group was forced to do earlier this year, a move that tightens capital requirements.
Cultural Revolution 2.0. Even your personal ideas are sanctioned.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Hong Kong dismisses business pushback over 'zero-COVID' strategyHONG KONG: Hong Kong\u0027s leader doubled down on her \u0022zero-COVID\u0022 strategy on Tuesday (Aug 31), brushing off growing pushback from the business community over the city\u0027s indefinite international isolation. The European Chamber of Commerce in Hong Kong wrote a rare stay the course don't be swayed by low IQ incompetent govts from the west & south Asia. live with no immediate fear of covid. no repeated quarantine orders less swab hassles. wear masks only when needed. no travel no problem. safe & less disruptions is better than new abnormal HMacKeown No one trust Hongkong dictatorship They are unethical U think CCP puppets in HongKong dare to deviate from CCP's stupid policy? StandWithHongKong save12hkyouths BoycottChina
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
Hong Kong dismisses business pushback over 'zero-Covid' strategyHONG KONG — Hong Kong's leader doubled down on her zero-Covid strategy on Tuesday (Aug 31), brushing off growing pushback from the business community over the city's indefinite international isolation.
Källa: TODAYonline - 🏆 1. / 99 Läs mer »
China's Xiaomi completes business registration of electric vehicle unitSHANGHAI : Chinese smartphone giant Xiaomi Corp said on Wednesday it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its push into the automotive sector.The new unit, to be called Xiaomi EV Inc, opened with registered capital of 10 billion yua
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »