Hong Kong
Facebook, Instagram remove Chinese network over fake ‘Swiss biologist’ COVID claims
Facebook owner Meta Platforms Inc has said it had removed accounts used by an influence operation originating in China that promoted claims of a fake “Swiss biologist” ...
Beijing presses Didi to delist from US over data security fears
Chinese regulators have pressed top executives of ride hailing giant Didi to devise a plan to delist from the NYSE due to concerns about data security, two people with knowledge of...
Peru’s central bank joins global push to develop a digital currency
Peru is joining the global push to develop a central bank digital currency (CBDC), central bank President Julio Velarde said on Tuesday, as policymakers worldwide seek to keep pace...
China regulator proposes cybersecurity review for some Hong Kong IPOs
China’s cyberspace regulator has proposed requiring companies pursuing share listings in Hong Kong to apply for cybersecurity inspections if they handle data that concerns na...
‘Fake it until you make it’: 5G marketing outpaces service reality
Mobile phone companies advertise high-speed 5G service with US maps splashed with pink or blue to suggest widespread coverage, but the latest generation wireless technology is actu...
Billionaire Alibaba founder Jack Ma in Hong Kong?
Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent ...
Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown
Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing issued a blanket ban on all crypto trad...
Crypto-linked stocks plunge in Hong Kong, bitcoin steadies
Cryptocurrency-linked stocks dropped in Hong Kong on Monday morning, after Chinese authorities intensified their crackdown on the industry, while major cryptocurrencies steadied.
Chinese gaming stocks in freefall after regulators summon firms
Chinese gaming and media stocks including Tencent and NetEase fell a day after authorities summoned them and other gaming firms to ensure they implemented new rules for the sector.
Binance removes Singapore products on main platform after regulator’s warning
Embattled Binance, which remains one of the world’s largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the city state’s centra...
US SEC charges BitConnect founder with $2 billion cryptocurrency fraud
The top US securities regulator has sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion f...
JD.com adds record new users in Q2 amid regulatory tightening
Chinese e-commerce giant JD.com Inc told investors it does not expect any business impact from a wave of regulations hitting Chinese industry, after beating analysts’ expecta...
China steps up tech scrutiny with rules over unfair competition, critical data
China has moved to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data.
Banks take steps to reduce potential cloud computing risks, Google survey
Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud has said.
Sources: NetEase delays $1 billion Hong Kong listing of music streaming firm
NetEase Inc has delayed the $1 billion Hong Kong IPO of its music streaming service Cloud Village because of volatile trading in China’s major tech companies, two people with...