Tag: regulatory crackdown
More Than a Million Businesses Went Dark in Northeast China for 67 Days
Storefronts across much of China's northeastern Heilongjiang province went dark this spring by the owners...
China Cracks Down on Overseas Wealth, Hits Foreign Investors
A technology executive in Beijing, whom Bloomberg identifies by the pseudonym "Tom," spent years quietly...
China’s Vanke Founder Wang Shi Faces Allegations as Political Backing Appears to Fade
Wang Shi, the 74-year-old founder of Vanke, China's once-dominant state-backed property giant, once broke...
Chinese Companies Retreat From IPO Plans Amid Increased Regulatory Scrutiny, Economic Uncertainty
In an unusual shift within China's financial landscape, a significant number of local companies have...
E-Commerce Giant Alibaba to Split Into 6 Firms and Pursue Separate IPOs to Streamline Operations
Alibaba Group, one of the largest e-commerce companies in the world, has announced its plans to split...
Chinese Regulators Slam Ride-Sharing App Didi Global with $1.2 Billion Fine
After a year-long probe into the company’s cybersecurity and data management, Chinese ride-hailing app...
China Points to Regulatory Easing After Tech Meeting, But Analysts Warn it Won’t Be That Simple
On May 17, Chinese officials met with some of the country’s most prominent tech executives amid a year-long...