{"id":222921,"date":"2021-03-24T11:04:35","date_gmt":"2021-03-24T11:04:35","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=313202"},"modified":"2021-03-24T11:04:35","modified_gmt":"2021-03-24T11:04:35","slug":"china-authorities-talk-tencent-action","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/03\/24\/china-authorities-talk-tencent-action\/","title":{"rendered":"China authorities talk Tencent action"},"content":{"rendered":"

<\/p>\n

\tChinese competition authorities held talks with Tencent founder and CEO Pony Ma earlier this month, prompting speculation the company’s vast operations were next in line for closer scrutiny, Reuters reported.<\/p>\n

Sources told the news agency Ma discussed compliance issues during a meeting with officials from the State Administration of Market Regulation (SAMR).<\/p>\n

The chief of SAMR\u2019s anti-monopoly bureau discussed concerns with Ma regarding the company’s business practices and requested it comply with regulations, Reuters wrote.<\/p>\n

Tencent has come under the spotlight for its expanding range of financial services and investments in hundreds of start-ups, with pressure for it to restructure its fintech unit, which the government considers a risk to the country\u2019s financial system.<\/p>\n

In recent months Ma has been a vocal proponent for closer monitoring of China\u2019s internet companies, filing a number of proposals with the National People\u2019s Congress, South China Morning Post reported.<\/p>\n

A suspension of a planned dual listing [1] on the Shanghai and Hong Kong exchanges of Alibaba\u2019s financial arm Ant Group in late 2020 appears to have sparked closer scrutiny of Chinese tech giants by competition authorities.<\/p>\n

In November 2020, authorities reportedly called on the companies to provide feedback on proposed anti-monopoly rules [2].<\/p>\n

Alibaba founder Jack Ma already agreed to bundle the operations of Ant Group into a holding company, with the government recently also ordering the e-commerce giant to sell off media assets including South China Morning Post.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/money-home-banner\/chinese-regulator-throws-salt-on-37b-ant-group-ipo
\n[2] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/china-watchdog-plots-internet-platform-curbs<\/p>\n\n

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Chinese competition authorities held talks with Tencent founder and CEO Pony Ma earlier this month, …<\/p>\n

The post China authorities talk Tencent action<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"China authorities talk Tencent action - ITTeacherITFreelance.hk","description":"Chinese competition authorities held talks with Tencent founder and CEO Pony Ma earlier this month, ... The post China authorities talk Tencent action appeared"},"footnotes":""},"categories":[11,8,21],"tags":[8113],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/222921"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=222921"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/222921\/revisions"}],"predecessor-version":[{"id":225178,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/222921\/revisions\/225178"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=222921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=222921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=222921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}