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Ant isn't the only target

Ant isn't the only target

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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