Chinese internet stocks jumped to a three-month high after regulators in China cleared dozens of videogames for release, a move investors welcomed as a new sign that Beijing is softening its stance on the technology sector.Late Tuesday, the…
SINGAPORE—China is preparing to hit pause on its monthslong campaign against technology companies, according to people familiar with the matter, as officials seek to arrest a rapid deterioration in the country’s economic outlook.China’s top…
Tencent Holdings said it will shut down a service that allowed Chinese gamers to access overseas platforms to play unapproved foreign games, in a sign of tightening compliance as Chinese regulators more closely scrutinize the industry.The…
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure.
Tencent Holdings Ltd.
TCEHY -8.36%…
HONG KONG—Chinese technology giant
Tencent Holdings Ltd.
TCEHY -5.19%
is facing a potential record fine for violations of some central bank regulations by its WeChat Pay mobile network, as…
KRAFTONInc, the South Korean video game company, and maker of BATTLEGROUNDS MOBILE INDIA (BGMI), seems to be finding it tough to delink itself from its erstwhile Chinese origin. PRAHAR, a non-profit organisation working in the area of…
For decades, America’s largest card network has been the exclusive electronic-payments provider at the world’s largest sporting event. At this year’s Beijing Games, however,
Visa
finds itself having to share…