Business

Tencent limits gaming for kids after official media critique

China's biggest gaming company, Tencent Holdings, said Tuesday it will limit gaming time for minors and ban children under age 12 from making in-game purchases after a state media article called games "spiritual opium."

Business

Amazon closing scores of shops in retail strategy shift

E-commerce titan Amazon on Wednesday confirmed plans to close its bricks-and-mortar bookstores and pop-up shops in order to focus on the Whole Foods grocery chain and retail outlets featuring its latest auto-checkout technology.

Business

Walmart unveils subscription program to challenge Amazon

The battle for online supremacy is on as Walmart announced Tuesday the coming launch of a membership program that provides free delivery as the world's biggest retailer takes direct aim at e-commerce behemoth Amazon.

Business

China's Tencent ordered to end exclusive music contracts

Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tightens control over booming online industries.

Business

China's Alibaba promises $15.5B for development initiatives

E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping's campaign to spread China's prosperity more evenly, adding to pledges by tech companies that are under pressure to pay ...

Business

Chinese central bank boss vows to further fintech crackdown

China will strengthen supervision of the online payments industry and continue its anti-monopoly crackdown, the governor of the central bank said, indicating Beijing will press ahead with a regulatory crackdown on the country's ...

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