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Page 95 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China s crackdown on its ultrarich set to reshape its most profitable sectors

It was the kind of brazen PR stunt Jack Ma might have dreamed up. But this wasn’t the flamboyant Chinese billionaire who disappeared from public view eight months ago. It was Mark Zuckerberg, bobbing up and down on a hydrofoil surfboard, clutching an American flag and exuding all the confidence of a man worth $130 billion. The contrast between the social media mogul’s July 4 Instagram video and the day’s big event in China could hardly have been starker. Regulators in Beijing had just hours earlier banned Didi Global Inc.’s ride-hailing service from app stores, delivering their latest hammer blow to an entrepreneurial elite that once seemed destined to challenge Zuckerberg and his U.S. peers at the top of the world’s wealth rankings.

China to order Tencent Music to give up music label exclusivity, say sources

July 12, 2021 published at 5:28 AMReuters The penalty plus a 500,000-yuan fine is the culmination of an investigation by Chinese authorities into Tencent Music Entertainment Group. Reuters HONG KONG  - China s antitrust regulator is poised to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels, two people with direct knowledge of the matter said on Monday (July 12). The penalty, plus a 500,000 yuan (S$104,400) fine for misreporting the acquisition of two apps, is the culmination of an investigation by the State Administration of Market Regulation (SAMR) into Tencent Music Entertainment Group, China s dominant music streaming company, the people told Reuters.

EXCLUSIVE China to order Tencent Music to give up music label exclusivity -sources

Pei Li 4 minute read The logo of China s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration HONG KONG, July 12 (Reuters) - China s antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd (0700.HK) to give up exclusive rights to music labels which it has used to compete with smaller rivals, two people with knowledge of the matter said on Monday. The State Administration of Market Regulation (SAMR) will also fine it 500,000 yuan ($77,150) for lapses in reporting the acquisitions of apps Kuwo and Kugou, the people told Reuters - a milder penalty than the forced sale indicated earlier this year.

Why China and U S Are Clashing Over Stock Listings - The Washington Post

Why China and U S Are Clashing Over Stock Listings - The Washington Post
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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