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Chinese regulators

China stocks close lower
Markets

China stocks close lower

SHANGHAI: China stocks closed lower on Thursday as property developers and automobiles weighed, while ...
Published 26 Nov, 2021 05:15am
Tencent Q1 profit rises 65pc as online gaming revenue climbs
Business & Finance

Tencent Q1 profit rises 65pc as online gaming revenue climbs

  • Tencent, the world's largest gaming firm by revenue, booked profit of 47.77 billion yuan ($7.42 billion) for the three months through March, higher than the average analyst estimates published by Refinitiv of 35.45 billion yuan.
  • The results come as Chinese regulators have stepped up an anti-trust clampdown on internet giants, and have already penalised Tencent rival Alibaba $2.75 billion.
Published 20 May, 2021 09:30pm
China's Ant explores ways for Jack Ma to exit as Beijing piles pressure
Markets

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

  • The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
  • Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.
Published 17 Apr, 2021 05:37pm
Chinese premier calls for more communication between China, US
World

Chinese premier calls for more communication between China, US

  • "If you believe you've been harmed or bullied in China, tell us first," Zhang Huanteng, vice director of the Department of National Economy at the NDRC.
  • "We'd feel very wronged if we aren't aware of things and the US government tells us first," said Zhang, adding that Chinese regulators were baffled when they first read the US Section 301 Report, which set off the Sino-US trade war.
Published 13 Apr, 2021 05:39pm