Ant isn't the only target

By: Miguel A. Rodriguez

17:28, 30 April 2021

Tencent and ByteDance among tech groups called in by Chinese regulators.
  • Chinese officials have called in 13 #tech companies to ask them to “rectify prominent problems” on their platforms, in a sign that the regulatory pressure on the fintech sector extends beyond Jack Ma’s Ant Group.
  • A push by #Binance, the world’s biggest #cryptocurrency exchange, to offer tokens tied to the performance of popular U.S. stocks is drawing the attention of Germany’s financial regulator.
  • US equities headed for fresh all-time highs and #commodities rallied as investors applauded better than expected US growth data and continued monetary policy support from the Federal Reserve.

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.