Business

Chinese regulator halts Huya-Douyu game-streaming merger

China's market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny of some of the country's biggest ...

Business

More competition: Biden signs order targeting big business

President Joe Biden signed an executive order on Friday targeting what he labeled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal "that true capitalism ...

Business

China fines internet giants in anti-monopoly cases

Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries.

Business

EXPLAINER: Why China is investigating tech firms like Didi

Chinese regulators have clamped down on the country's largest ride-hailing app, Didi Global Inc., days after its shares began trading in New York. Authorities told Didi to stop new registrations and ordered its app removed ...

Business

China watchdog launches review of Didi Global days after IPO

China's internet watchdog said Friday that it has launched an investigation into ride-hailing company Didi Global Inc. to protect national security and public interest, days after the company went public in New York.

Business

Big Chinese firms fined over anti-monopoly law

China fined 11 companies including tech giant Tencent on Friday, taking aim at their acquisitions and joint ventures as authorities target monopolistic practices.

Business

Asian ride-hailing giant Grab plans US market splash

The Asian ride-hailing firm Grab said Tuesday that it plans a US listing in partnership with Altimeter Growth Corporation in an operation that values Grab at $39.6 billion (33.3 billion euros).

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