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China Hits Ant Group with $985 Million FineAfter nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Claire Fu
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China Called Finance Apps the Best Thing Since the Compass. No Longer.Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong Powered by WPeMatico
China Called Finance Apps the Best Thing Since the Compass. No Longer. Read More »
Jack Ma Shows Why China’s Tycoons Keep QuietHigh-profile business leaders have been detained, sidelined or silenced as the Communist Party moves forcefully to keep companies in line. Today, the best strategy is to lie low.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong and Alexandra Stevenson Powered by WPeMatico
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A Global Tipping Point for Reining In Tech Has ArrivedNever before have so many countries, including China, moved with such vigor at the same time to limit the power of a single industry.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Paul Mozur, Cecilia Kang, Adam Satariano and David McCabe Powered by WPeMatico
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Here Are the 8 Chinese Apps Trump BannedThe White House took a surprise parting shot at China on Tuesday by banning the popular Chinese payment service and other applications.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Ana Swanson Powered by WPeMatico
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China Orders Ant Group to Revamp Its BusinessThe country’s central bank made clear its displeasure with the financial technology company, adding to the growing scrutiny of Chinese internet giants.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong Powered by WPeMatico
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Why China Turned Against Alibaba’s Jack MaThe Alibaba chief paid for pushing back against Beijing. But the shift in attitude also speaks to a growing wealth gap and diminished opportunities for the young.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Li Yuan Powered by WPeMatico
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China Opens Antitrust Investigation Into AlibabaJack Ma and other entrepreneurs prospered under Beijing’s laissez-faire attitude toward the business side of the internet. The dynamic is shifting as the companies have grown in power.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong Powered by WPeMatico
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Why China Halted Ant’s I.P.O., Dealing Jack Ma a BlowInvestors in what would have been the world’s largest share sale are getting refunds, as Beijing shows entrepreneurs the importance of listening to the Communist Party.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong Powered by WPeMatico
Why China Halted Ant’s I.P.O., Dealing Jack Ma a Blow Read More »