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Chinese regulators

China stocks close lower

China stocks close lower

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

Tencent Q1 profit rises 65pc as online gaming revenue climbs

Published 20 May, 2021 09:30pm
  • 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.
China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

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

Published 17 Apr, 2021 05:37pm
  • 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.
Chinese premier calls for more communication between China, US

Chinese premier calls for more communication between China, US

Published 13 Apr, 2021 05:39pm
  • "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.
Chinese regulators call in Tesla over customer complaints

Chinese regulators call in Tesla over customer complaints

Published 08 Feb, 2021 07:07pm
  • The regulators urged Tesla to operate according to China laws and protect customer rights.
  • Tesla is building Model 3 electric sedans and Model Y sport-utility vehicles in its Shanghai factory. It sold 15,484 China-made vehicles in January.
Chinese police bust counterfeit Covid-19 vaccine ring

Chinese police bust counterfeit Covid-19 vaccine ring

Published 02 Feb, 2021 10:48am
  • Since the virus emerged in 2019, China has charged thousands of people with crimes related to the pandemic, including spreading "rumours", concealing an infection and not complying with guidelines.
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