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

Deliveroo targets $7 billion valuation for IPO

British meals delivery company Deliveroo, boosted by demand during the coronavirus pandemic, said Sunday it was targeting a stock market listing after a fundraising round valued the company at more than $7.0 billion.

Business

US adopts rule that could see Chinese firms leave Wall Street

US market regulators on Thursday announced the adoption of a rule allowing them to delist foreign companies from Wall Street exchanges if they fail to provide information to auditors, which is aimed primarily at Chinese firms.

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