State-owned paper says companies cannot be relied on to carry out 'self-rectification', and government bodies should take action, such as taking apps that don't follow rules offline
Regulators want Ant's two lenders to operate via a different app, and loan applications to be assessed first by a new firm run by Ant and state entities that will decide on users' credit ratings
Xinhua News Agency says gaming companies were ordered to break their ''solitary focus'' on profits while the SCMP reported a temporary suspension of new game approvals.
Didi Global will help set up a union for its staff, sources have revealed. This would be a groundbreaking move, as there are few unions in China's tech sector
Alibaba plunged 5% and other tech firms sank in Hong Kong on Thursday after Tencent's president warned that Beijing's regulatory crackdown is far from finished
Internet companies should block rumours spread via their platforms, a commentary in the state-run People's Daily said on Thursday
• State clampdowns raise questions over policy risk, ‘overzealous’ implementation • Xi seen as most powerful leader since Mao, policies...
• KE Holdings shut down VIP real estate service amid antitrust probe • Voluntary acts of ‘self-correction’ expected to become...
• PE and VC funds avoiding sensitive market sectors in China • Investors shifting to chips, automation, renewable energy, healthcare...
SEC wants firms to reveal risks of a regulatory crackdown; Senators also want Chinese companies to undergo account audits