3/15/2022 2:29:57 PM Tencent dives on report of record fine for money-laundering By Sarah Wolter The People’s Bank of China found Tencent’s WeChat Pay had allowed the transfer of funds for illicit purposes such as gambling, the...
3/15/2021 1:43:16 PM Tencent loses $62b, wiping out value of fintech business By Sarah Wolter The stock fell more than 4% in Hong Kong on Monday, following a 4.4.% drop on Friday. China’s top financial regulators see Tencent as the...
1/6/2021 5:46:08 PM Trump issues new ban on Alipay and other Chinese apps By Sarah Wolter Mr. Trump said the apps can access private information from their users. It could be used by the Chinese government to “track the...
10/8/2020 12:53:03 PM U.S. explores curbs on Ant Group, Tencent payment systems By Sarah Wolter U.S. officials are concerned that Ant Group and other Chinese fintech platforms will come to dominate global digital payments, the people...