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Briefing
asia

China’s Regulators Tell Tencent to Reorganise FinTech Business

By
Juro Osawa
· · Source: Caixin Global

China’s regulators have told internet giant Tencent to put its finance-related businesses into a new financial holding company that will be subject to more supervision, Caixin reported. Such a move would be in line with the Chinese government’s broader crackdown on China’s financial technology sector where Tencent, Alibaba and other tech giants operate popular platforms for payments, loans and...

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