Financial technology giant Ant Group is in talks with Chinese state-owned enterprises to create a credit-scoring company where Ant’s consumer data would come under regulators’ supervision, the Wall Street Journal reported. Ant and state-owned firms could establish the credit-scoring joint venture as soon as the third quarter of this year, the Journal said. The Chinese government’s push to gain...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
China Plans to Require Big Internet Firms to Gain Approvals for Deals
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