• Saturday, July 8, 2023

    Home Chinese Firms Ant Group Tencent Hit with Hefty Fines for "Illegal Acts" as Crackdown Draws Close

    Chinese Firms Ant Group Tencent Hit with Hefty Fines for "Illegal Acts" as Crackdown Draws Close

    Chinese regulators fine Ant Group USD 1 bn for illegal acts while Tencent affiliate receives $415 million penalty. Tech crackdown in the country nearing end

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