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Tencent CEO Pony Ma asks fintech unit to cede share in payments market

The founder also warns staff to focus on ‘safety, not speed’ when venturing into new fintech services like loans and insurance, according to Chinese media reports and people familiar with the situation.

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Shares Of Alibaba Nd Tencent Rise As China's Tech Crackdown Ends

(CTN News) - Alibaba Group and Tencent shares rose on Monday after China fined Ant Group $984 million, raising hopes that a three-year...

2 Important Things Investors Should Know About Tencent

Tencent has a resilient business model thanks to the diversity of its income base.

Xi's China takes a leftward turn - The Hindu BusinessLine

Tencent is taking a quiet path through the confusion of Chinese technology

Breakingviews - Chinese monopoly rules threaten super-app model

3 Min Read Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. Picture taken September 17, 2018. REUTERS/Aly Song HONG KONG (Reuters Breakingviews) - The future of China’s financial super-apps has been thrown into question. The central bank is defining unhealthy dominance in specific market-share terms, while emphasising the separation of digital payments from interest-bearing accounts. That complicates efforts to cross-sell more profitable financial services and threatens Ant and Tencent’s business models. Following Beijing’s abrupt crackdown on financial technology last year that derailed Ant’s $37 billion initial public offering, the People’s Bank of China on Wednesday spelled out its competition concerns more precisely. If a non-bank operator controls over half a market, it will be subject to further scrutiny. Similar guidelines apply if two or three companies do