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China Bolsters Antitrust Rules Against Online Payment Firms

By Wayne Ma
· · Source: The Information

China is proposing to increase measures to combat monopolies in its payments industry, which could affect major tech giants Ant Group and Tencent that together dominate online transactions in China. The directive comes as Beijing ramps up its antitrust efforts against both companies, which have been allowed to grow relatively unchecked for the past decade. China’s central bank said in a...

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