Regulators

Platform News: Tech Titans including Facebook, Google, Amazon and Apple

Germans, French and Dutch want more say over tech giants’ start-up deals

Draft rules targeted at Google, Facebook, Amazon and Apple should be beefed up to allow regulators to vet their acquisitions of start-up rivals, Germany, France and the Netherlands...

Platform News: ByteDance TikTok

TikTok owner ByteDance launches share buyback after shelving IPO plans

ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matt...

Platform News: Tencent conference and exhibition in China

Tencent hit with fresh anti-monopoly complaint in China

Tencent has become the target of another anti-monopoly complaint to regulators, this time from a supplier of smart vehicle technology and a General Motors Co China venture.

nvidia chipmaker

UK competition watchdog to probe Nvidia’s Arm takeover

The UK’s competition regulator said on Wednesday it would start an investigation into Nvidia Corp’s $40 billion agreement to buy UK-based chip designer Arm Holdings.

Wirecard

Germany promises to probe audit regulator’s Wirecard dealings

Germany has promised to research after the head of the body that regulates auditors told lawmakers he’d traded in Wirecard shares weeks before the payment services business c...

iQIYI

Sources: Alibaba and Tencent put talks to buy iQIYI stake on hold

Alibaba Group Holding Ltd and Tencent Holdings Ltd have every held separate talks with Baidu Inc to obtain a controlling stake in movie streaming service iQIYI Inc, people with kno...

European Union

What’s going on: EU regulators versus top tech

EU regulators have charged Amazon with distorting competition in online retail and opened a second investigation into its business practices, as antitrust chief Margrethe Vestager ...

Alipay

Increased Chinese scrutiny increases investment risk of ‘Beast’ Ant

As Ant Group was pushing forward in August towards its IPO, at least two smaller Chinese banks using existing ties to the FinTech player decided to stop sourcing fresh customer loa...

Platform Industry News: Twitter

Twitter privacy ruling delayed after dispute among EU regulators

Twitter had looked set to become the first big platform business to face a fine by Ireland’s Data Protection Commission under tough new EU data protection rules after it subm...

Wirecard

Source: Germany missed chances to put Wirecard on watchlist

German regulators twice looked into tightening the supervision of collapsed FinTech business Wirecard and discussed it with the German and European central banks but no action was ...

Platform News: Telegram, the popular messaging app from Russia

Telegram to pay $18.5 million, return investor money to settle SEC charges

Telegram Group Inc has agreed to return $1.2 billion to investors and pay an $18.5 million civil penalty to resolve charges over an unregistered digital token coin offering, the US...

Facebook

Facebook could address some US antitrust concerns with new media transfer tool

Facebook will allow users in the US and Canada to transfer photographs and video content to a rival tech platform for the first time. This is a step that could assuage antitrust co...

Platform News: Baidu search engine in China

Chinese regulator order Baidu to clean up its search

China’a internet regulator ordered search engine Baidu to clean up improper information and halt spread of “low-brow content.” 

Hong Kong

Hong Kong regulator considers easing strict data storage rules – sources

Hong Kong is considering softening new data storage rules, amid concerns of conflict with confidentiality laws elsewhere as authorities globally look to balance regulatory requirem...

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