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Tag: Tencent

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 China fines Tencent and Ant as tech crackdown ends
raidtech July 10, 2023 Insights

China fines Tencent and Ant as tech crackdown ends

China has imposed a $985mn fine on the company Ant Group, a firm previously controlled by Ali Baba founder Jack Ma, as Beijing’s crackdown on the tech sector is expected to be reaching its conclusion. Meanwhile, Tencent has been fined…
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