The People’s Bank of China has confirmed the payment app no longer has a controller after Ma gave up most of his voting rights

The new rules, which effectively set spending limits for online games, dealt a big blow to the world's biggest gaming market. Tencent shares tumbled 12.3%, while Netease plunged 24%

Wu now leads the overall group as well as its two most important business divisions – cloud and domestic e-commerce

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

China's video-game market jumped back up this year with domestic revenue topping 300 billion yuan for the first time

China tech giant will return to online shopping in Indonesia after paying $1.5bn for most of GoTo's e-commerce unit and 75% of Tokopedia

Group's vice-president and chief financial officer are suspected to have been detained by authorities, who are now probing the shadow bank's dramatic implosion

Indian refiners have trouble paying for oil because Moscow prefers yuan, while Delhi likes to settle deals in UAE dirham, but that now involves extra clearing requirements

Buffett's exit comes after a string of selldowns for Paytm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group

Zhongzhi sent a note of apology to investors on Wednesday, saying it had liabilities of up to $64 billion. This has led to fears of debts spreading from the property crisis to the financial sector

Officials have inspected Foxconn sites in four provinces, while state media says founder Terry Gou has 'responsibilities' and should be pushing for peace with Beijing as he runs for president in Taiwan

Country's biggest private developer seems to have missed a payment deadline, which would put the group in default on $17 billion in offshore debt