As China continues its antitrust crackdown on tech, Tencent was ordered to give up exclusive music streaming rights and pay a fine. The fine stems partly from Tencent’s failure to report to authorities the 2016 acquisition of China Music Corp. The company was fined 500,000 yuan($77,000). Reuters said that regulators claimed Tencent held more than 80% of music library resources after buying...
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Could Didi List in Hong Kong to Stop Bleeding for Shareholders?
Could the path to relief for Didi Global’s beleaguered shareholders run through Hong Kong? It’s a pressing question as Full Truck Alliance, a U.S.-listed Chinese commercial freight company, which like Didi is under cybersecurity investigation by Chinese authorities, explores with bankers the possibility of listing its shares in Hong Kong, according to two people familiar with the...
Chinese Smartphone Giant Oppo Cuts Jobs After Merger With OnePlus
China Slows Videogame Approvals After Imposing New Limits on Minors
Didi Sees Steep Decline in Users
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