Tencent dives on report of record fine for money-laundering
The People’s Bank of China found Tencent’s WeChat Pay had allowed the transfer of funds for illicit purposes such as gambling, the...
News by FinTech Collective
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Tencent loses $62b, wiping out value of fintech business
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...
Trump issues new ban on Alipay and other Chinese apps
Mr. Trump said the apps can access private information from their users. It could be used by the Chinese government to “track the...
U.S. explores curbs on Ant Group, Tencent payment systems
U.S. officials are concerned that Ant Group and other Chinese fintech platforms will come to dominate global digital payments, the people...
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