As Chinese tech companies come under regulatory scrutiny at home, concerns and pressures are escalating among investors and . Since the onset of the COVID-19 pandemic, digital technology has become crucial as medical consultations, tutoring, professional work, essential shopping, payments, entertainment, etc. Matthew Loh. From Alibaba to Tencent, China's tech giants are facing regulatory scrutiny and public backlash over unfair labor practices and obscene wealth. China is cracking down on some of its largest companies with regulatory stings wiping hundreds of billions of dollars off their market value. China isn't letting Tencent update its apps or release new ones as part of its crackdown on big tech. China is in the midst of what some call the "Big Tech crackdown," but it's really many different things bundled together. Alibaba stock rose 2% after a downtrend for . It hardly bears repeating that 2021 was a rough year for China's platform companies. Posted on January 5, 2022. A series of new fines on Alibaba Group Holding, Tencent Holdings, and Bilibili over business deal disclosures signals that China's antitrust regulator is continuing to take a hard line on Big . Shares in Tencent have fallen after China ordered the technology giant to end exclusive music licensing deals with record labels . On Friday morning, The Wall Street Journal reported that the country's antitrust regulator is preparing to fine Meituan, China's major food delivery platform, $1 . Tencent Holdings Ltd's (OTC: TCEHY) WeChat super app posted remarkable growth in services from e-commerce to payments and search over the past year, amid China's government crackdown, Bloomberg . China tech crackdown: Tencent gets regulatory greenlight to resume updates for nine apps after three-week suspension QQ Music, operated by the Shenzhen-based company's music arm Tencent Music . Tencent CEO Pony Ma loses $14b amid China crackdown "Tencent's mild-mannered boss, Pony Ma, has lost more paper wealth over the past nine months than Jack Ma, the combative co-founder of . China's crackdown on tech companies. Tencent Holdings, China's biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had . Tencent bought a smartphone company, but wants it to make headsets. (Bloomberg) — Tencent Holdings Ltd.'s WeChat super app managed remarkable growth in services from e-commerce to payments and search over the past year, defying a government crackdown that sought to tear down barriers within China's internet arena. Tencent warned more regulations are likely coming for the internet sector in China but is "confident" it can be compliant. Video: Tencent Revenue Growth Slows Amid China Crackdown (Bloomberg) The slowdown has revived painful memories of a 10-month freeze on game monetization licenses in 2018, which helped to wipe $200 . The move is the latest in a regulatory crackdown spanning on tech, gaming to even entertainment industries. China's year-long crackdown on its technology industry is taking a heavy toll on Tencent Holdings Ltd., the country's most valuable company. Venture investments in China hit a record last year despite the crackdown. China vows greater support for start-ups, small firms as Big Tech firms continue to reel from year-long crackdown Beijing has pledged support for small and medium-sized companies in its pursuit of . From technology, to education and property - it seems no sector is safe from Beijing's far reaching tentacles. PHOTO: REUTERS. China is preparing to slap a fine on Tencent as part of its antitrust crackdown on the country's internet giants, Reuters said, citing people with knowledge of the matter. The program has been around for more than a decade, but it has taken on new prominence after Beijing launched a sweeping crackdown against leading companies like Alibaba and Tencent. CCP cancels Tencent. Tencent is about to close a deal to acquire Black Shark, a Chinese company that makes smartphones specially engineered for gaming, Bloomberg reported Monday. One popular commentator has separated what's going on into seven categories (in Chinese). Tencent was told to end exclusive music licensing deals with record labels around the world. The second shift will be in how Chinese tech groups . The document's targets were drawn up in line with the country's 14th Five-Year Plan that runs from 2021 to 2025, capturing China's ambitions to boost its global . China's top market regulator said it has fined units of Alibaba Group Holding Ltd, Tencent Holdings Ltd, and Bilibili Inc for failing to properly report about a dozen deals. Total revenues came in at $42.3 billion for the first half of 2021, up 23 percent year on year while operating . Honor of Kings (released as Arena of Valor in the West) is currently unable to receive any updates in China thanks to a government crackdown on Tencent. Chinese officials ordered some of the country's biggest companies — including Alibaba, Tencent and Baiidu — to pay fines for . China tech crackdown: Tencent gets regulatory greenlight to resume updates for nine apps after three-week suspension Iris Deng 12/17/2021. China's campaign to rein in rival giants like Alibaba Group Holding Ltd (NYSE: BABA) and Meituan (OTC: MPNGY) has prompted Tencent Holdings (OTC: TCEHY) to adopt a more subtle investment strategy . Tencent Holdings , China's biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had . By Peter Hoskins Business reporter, Singapore. The Hang Seng Tech Index fell as much as 4 per cent in a third day of declines. . Tencent sales slow as China crackdown weighs. China's 'tech crackdown' has been ongoing for over one year now. As Reuters reported Tuesday (Jan. 4), the . China's ministry stated an ultimatum to the companies and warned against non-compliance. The gaming, social media and fintech giant posted its . Explained: China crackdown wipes billions off top companies. As mentioned, the prohibition of exclusive streaming-service deals in China follows a number of other "antitrust" initiatives, including compelling Tencent Music to nix most of the agreements . Tencent may face a fine of at least 10 billion yuan ($1.6 billion, or at approximately R22bn), which is less than the $2.8 billion levied upon fellow titan Alibaba Group . China orders Tencent to give up exclusive music licensing rights as crackdown continues Published Sat, Jul 24 2021 12:22 AM EDT Updated Sat, Jul 24 2021 8:10 AM EDT Joanna Tan @tan_joanna For its part, the Chinese government hasn't provided any information as to why it's imposed this ban on Tencent. Tencent and Baidu are among the tech giants . But their business models are now being tested by the recent regulatory clampdown.". Tencent has announced new limits on the amount of time minors can spend playing the company's online games, even as investors worry that China may extend its historic crackdown on the private . China's Tech Crackdown Is a Geopolitical Play. On Thursday, China's antitrust enforcement unit was found to be preparing a $1.5 billion fine for Tencent Holding, the owner of popular messaging app WeChat, reported Reuters. Alibaba, Tencent, Baidu and other companies were all slapped with fines over the weekend for violating antitrust laws, the State Administration of Market Regulation (SAMR) said in a statement . Chinese despot Xi Jinping is making sure that Tencent does not remain a 'giant' for long and is reduced to an insignificant entity within China which is controlled entirely by the CCP. Chinese tech stocks keep getting slammed with a stunningly massive sell-off that has wiped out hundreds of billions of dollars in market value as investors continue to digest Beijing's widening . No doubt, China's regulatory crackdown hasn't been great for China-based tech stocks. Sales rose to 142.4 billion yuan ($22.3 billion) for the three months ended September, missing the 145. The KraneShares CSI China Internet ETF is down nearly 50% on the year. China's crackdown on private enterprise in 2021 knocked more than $1 trillion off the market value of some of the country's largest companies. China's crackdown on Alibaba goes beyond teaching Jack Ma a lesson Author Soon Chen Kang China's antitrust probe into Alibaba Group Holding Ltd., the country's largest and most high-profile internet company, is more about sending a message to the tech industry than targeting the group and its founder Jack Ma, industry observers said. China's year-long crackdown on its technology industry is taking a heavy toll on Tencent Holdings Ltd., the country's most valuable company. China says crackdown on business to go on for years. China's Tencent buys Japanese game designer: report. China will begin a month-long crackdown on Tencent Holdings Ltd.'s popular WeChat messaging application, state media reported on Tuesday, the latest in a series of curbs on online freedom of . Inc., to online grocer Dingdong Maicai and fresh produce service Meicai. . China's State Council published a blueprint on Jan. 12 for the development of the digital economy that aims to increase the contribution of core digital economy industries to 10 percent of gross domestic product (GDP) by 2025. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance . A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. Tencent shed large stakes in both online retailer JD and Singapore's SEA, owner of Shopee—possibly in response to mounting pressure from antitrust regulators. Tencent at the Global Mobile Internet Conference (GMIC) 2017 in Beijing, China April 28, 2017. Chinese crackdown on tech giants threatens its cloud market growth. China's tech crackdown widens to Tencent from Alibaba. It's possible Tencent's divestiture was . According to public filings, China's State Administration for Market Regulation (SAMR) placed penalties of 500,000 yuan ($78,692) on the companies per deal, the maximum under China's 2008 anti-monopoly law. Chinese internet giant Tencent fired 70 people and blacklisted 13 firms . China tech sell-off deepens as Tencent sale spooks traders. TOKYO -- Chinese authorities are cracking down harder on the country's tech titans of late, putting internet services company Tencent . The move is likely a response to China's new privacy law. . Tencent Music Entertainment - Get Tencent Music Entertainment Group Report tumbled Tuesday amid analysts' concerns over China's widening crackdown on internet companies whose shares are listed in . Tencent warned on its second-quarter earnings call that China's regulatory crackdown on internet companies will continue, as Asian tech stocks stumbled again after a series of volatile weeks. Asia China fines Alibaba, Tencent in anti-monopoly crackdown. The week hasn't ended. Beijing is also using the crackdown to narrow China's politically sensitive wealth gap by pushing tech giants to share their wealth with employees and consumers. Daily active users of WeChat mini-programs . Tencent has taken about a 90 percent stake in Wake Up . Tencent's music service was ordered to end exclusive contracts with providers. We think three suffice: 1) an antitrust crackdown, 2) a data security overhaul, and 3) a check on capitalist "excess.". However, it is the most strategically valuable sector of the . The Chinese Government is now going after the gaming industry. The gaming giant says it's cooperating with the government to "ensure regulatory compliance", too. HONG KONG (BLOOMBERG) - Tencent Holdings' WeChat super app managed remarkable growth in services from e-commerce to payments to search over the past year, defying a government crackdown that . This crackdown could just be the beginning . The value of deals rose about 50% in 2021 to $130.6 billion, according to the research firm Preqin. Since the beginning of China's regulatory campaign, the price of Alibaba's shares has fallen by 22%, while Tencent's stock has seen a more moderate loss of 7%. The comments come after the Chinese technology giant posted a 29% rise in . China's crackdown on the tech sector leaves investors little reason to risk exposure to Tencent via Naspers and Prosus. Chinese tech giant Tencent's revenue grew at its slowest pace in two years, results released Wednesday showed, as it and other gaming firms now brace for an expected regulatory crackdown. After regulators hit Alibaba with a record $2.8 billion fine for monopolistic practices as part of its ongoing crackdown on China's internet giants, the next two targets have been set.. Tencent. Should investors head for the exit? Still, long-term investors are buying shares of Chinese tech firms . China Restricts Employees Of Largest State-owned Companies From Using Tencent's Messaging App by Swarajya Staff - Dec 1, 2021 07:57 AM China's crackdown on Tencent China is preparing a substantial fine for Tencent Holdings (0700.HK) as part of its sweeping antitrust clampdown on the country's internet giants, but it is likely to be less than the record $2.75 . Chinese games and messaging colossus Tencent Holdings has acquired the Japanese creative studio behind several hit Nintendo Switch titles, a report Friday said, as it seeks to recover from a government crackdown on the gaming sector. Job cuts among Chinese tech giants extended from video app Kuaishou and fashion e-commerce site Mogu. Tencent stocks plunge amid fears of a Chinese government gaming crackdown By Malindy Hetfeld published 3 August 21 Chinese Communist Party's Propaganda Department announces games need to be "good . China gaming crackdown: Tencent prompts young gamers to adhere to 14-hour playtime limit during four-week winter break Tencent has drawn up a calendar from January 17 to February 15, which . China tech giant Tencent is dramatically cutting its stake in JD.com, China's second largest e-commerce company, as . The internet, software, and IT sector makes up just 3.7% of China's economy, according to China's National Bureau of Statistics. The token fine is just the beginning. Harry Reid buried in family ceremony in Searchlight, Nevada. WeChat suspending new signups as China continues crackdown on its tech giants Tencent's market cap fell by almost $100 billion following the announcement. Chinese tech giant Tencent is being cut to size. Tencent's price-to-earnings ratio is expected to fall from a multiple of about 32 in 2020 to 24 in 2022, according to Bernstein, a brokerage. It asserted that it would resort to other measures to ensure the instructions are followed. Tencent's booth at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2021. Tencent shares slide after Beijing crackdown on music rights. have shifted online. Tencent (40% owner of Epic Games) is giving away $16B of its stake in JD.com. 2021-11-29T06:37:07Z China's market regulator has fined Alibaba, Tencent Holdings and Bilibili Inc. for failing to properly report several deals. China's government kicked off a sweeping crackdown on its most powerful corporations a year ago, chilling investors and tech industry players alike by signaling that the leeway enjoyed by tech . China's tech crackdown leaves Naspers exposed as Tencent slides. HONG KONG (BLOOMBERG) - China's tech . Tencent shed large stakes in both online retailer JD and Singapore's SEA, owner of Shopee—possibly in response to mounting pressure from antitrust regulators. Decrypting China's Big Tech Crackdown - Part 1. (Bloomberg) -- Pony Ma's Tencent Holdings Ltd. has been put on notice. But the twist is, instead of continuing to make smartphones . (Bloomberg) -- Tencent Holdings Ltd.'s revenue grew a slower-than-expected 13%, after China's sweeping tech crackdown took a toll on businesses like gaming and advertising. Inc., to online grocer Dingdong Maicai and fresh produce service Meicai. Big Chinese tech players have used their monopoly power in the country's closed markets to cement their dominance. Job cuts among Chinese tech giants extended from video app Kuaishou and fashion e-commerce site Mogu. It reinforced the role of tech in the modern lifestyle in a compressed timeline. The program has been around for more than a decade, but it has taken on new prominence after Beijing launched a sweeping crackdown against leading companies like Alibaba and Tencent. September 15, 2021, 8:49 PM. [Source Photos: WeChat and Naypong/iStock] The gaming, soci. But many observers believe the move is motivated by a desire to keep mighty IT companies in check. Tech giant Tencent warned that China's regulatory crackdown on internet companies will continue . The Implications of China's Regulatory Crackdown. Still, the crackdown could spell more trouble for Tencent Holdings, which has been fined at least five times since last December for failing to report acquisitions to antitrust regulators for review. REUTERS/Jason Lee. In the latest regulation, gamers under the age of 18 are limited to 3 hours of online gameplay. Beijing's ongoing regulatory crackdown on technology could last up to 30 years, predicts GFM Asset Management's Tariq Dennison. Asia's largest conglomerate was censured by China's antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma's online empire. However, on November 25, Alibaba and Tencent rebounded after continuous declines.
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