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Tencent says exec’s arrest not connected to WeChat app claims 

Tencent says exec’s arrest not connected to WeChat app claims 

Hong Kong’s most valuable company, Tencent, has dismissed claims the arrest of one of its executives is to do with allegations over the sharing of personal data from its popular WeChat app.The tech giant says the executive is being held by Chinese authorities over allegations of 'personal corruption’ in the …

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China's TikTok sues Tencent for monopolistic practices

China's TikTok sues Tencent for monopolistic practices

(ATF) ByteDance’s Douyin, the Chinese version of TikTok, has filed a lawsuit in a Beijing court against Tencent Holdings for monopolistic practices and asked for 90 million yuan (nearly $14 million) in compensation. Tencent hit back by saying ByteDance’s claims are “malicious slander” and vowed to countersue its rival.“Since April …

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US Commerce Secretary nominee talks tough on Huawei, ZTE

US Commerce Secretary nominee talks tough on Huawei, ZTE

(ATF) President Biden’s nominee as Commerce Secretary pledged to protect US telecom networks from Chinese companies, including Huawei and ZTE, in her Senate confirmation hearing on Tuesday January 26.“We need to invest in innovation and technology in our manufacturing sector and take aggressive trade enforcement actions to combat unfair trade …

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Trump Chinese app ban complicates Biden's China policy

Trump Chinese app ban complicates Biden's China policy

(ATF) US President Donald Trump has signed an executive order which aims to ban transactions on eight Chinese software applications, including Ant Group’s Alipay, citing national security concerns.The move seeks to increase pressure on China before the Biden administration takes office, but it may hamper incoming President Joe Biden’s attempts …

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Trump order to ban Alipay is latest headache for Biden, China

Trump order to ban Alipay is latest headache for Biden, China

(ATF) US President Donald Trump has signed an executive order which aims to ban transactions on eight Chinese software applications, including Ant Group’s Alipay, citing national security concerns.The move seeks to increase pressure on China before the Biden administration takes office, but it may hamper incoming President Joe Biden’s attempts …

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Answers to rampant rumours about the digital yuan

Answers to rampant rumours about the digital yuan

(ATF) Speculation about China’s digital yuan has been rife all year. At present, the digital yuan is being tested in Shenzhen, Suzhou and other places, but to most of the country's 1.4 billion people it is still a mystery.In the China Financial Stability Report (2020) released on November 6, the …

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Tencent's market value plunges $89 bn from anti-monopoly move

 Tencent's market value plunges $89 bn from anti-monopoly move

(ATF) China’s new rulings on internet platforms has landed with the impact of an e-commerce Black Friday event. While internet platforms smashed online retail sales records from ‘Double 11’, the share prices of top online retailers in China plummeted. Tencent was especially mauled.The newly released Anti-monopoly Guidelines on Platform Economy …

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US challenges judge's ruling to block WeChat app store ban

US challenges judge's ruling to block WeChat app store ban

WASHINGTON: The US Justice Department on Friday said it was appealing against a judge's decision to block the government from barring Apple and Google from offering Chinese-owned messaging app WeChat for download in American app stores.The government said it was challenging the 9th US Circuit Court of Appeals' September 19 …

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