Chinese Firms Ant Group, Tencent Hit with Hefty Fines for Illegal Acts as Crackdown Draws Close

Chinese regulators fine Ant Group USD 1 bn for illegal acts while Tencent affiliate receives $415 million penalty. Tech crackdown in the country nearing end

Related Keywords

Beijing ,China ,Hong Kong ,Shanghai ,Chinese ,Jack Ma ,Ant Group ,China Securities Regulatory Commission ,Hong Kong Shanghai ,Financial Times ,Chinese Regulators ,Fintech Giant ,Illegal Acts ,Rival Tencent ,Penalty ,Crackdown ,Tech Firms ,Nalipay ,Digital Payments ,Monthly Users ,Prominent Targets ,Sweeping Crackdown ,Financial Business ,Platform Enterprises ,Rectification ,Ormalised Supervision ,Alibaba Shares ,Punishment ,Compliance Governance ,R Ampd Capabilities ,Physical Economy ,Small Businesses ,Corporate Governance ,Consumer Protection ,Banking Institutions ,Anti Money Laundering ,Fund Sales ,Nline Payment Firm ,Financial Inclusion ,