Regulations - Asia Tech Wire

Regulations

2024.01.25

04:09

China's central auditing agency: high salaries in the securities and fund industry needs to be rectified

Recently, screenshots circulating on Chinese social media Weibo showed that on December 14, 2023, the Office of the Central Audit Commission of China released a document titled "Urgent Rectification of Uneven High Salaries in the Securities and Fund Industry".

2022.04.11

11:22

S. Korean regulator gives warning against Samsung leader Lee over falsified data

Asian Tech Press (Apr. 11) -- South Korea's antitrust regulator has issued a warning to Samsung leader Lee Jae-yong over falsified data.

2021.11.24

11:49

China requires Tencent to submit new apps, updates for review

Asian Tech Press (Nov 24) -- Chinese watchdog has required Tencent Holdings Ltd to submit new apps and updates for review before they can be hit the app stores.

2021.10.28

10:25

Chinese online brokers Futu, UP Fintech slump following PBOC official's speech

Asian Tech Press (Oct 28) -- Shares of Chinese online brokers Futu and UP Fintech fell after a speech by a Chinese central bank official.

2021.10.21

11:12

China removes Caixin from list of official news outlets amid media regulation

Asian Tech Press (Oct 21) -- China has removed Caixin Media, which had been backed by Chinese billionaire Jack Ma's Ant Group, from an official list of news outlets that can be republished.

2021.09.30

03:56

Samsung fined $45.3 million by Dutch regulator for inflating TV prices

Asian Tech Press (Sep 30) -- Samsung Electronics Co., Ltd., the world's largest TV vendor, has reportedly been fined 39 million euros ($45.3 million) by the Dutch market regulator for illegally raising TV prices.

2021.09.23

03:24

Crypto exchange Binance to end futures, derivatives in Australia by December

Asian Tech Press (Sep 23) -- Binance, the world's largest cryptocurrency exchange, announced Tuesday that it will end its futures and other derivatives offerings to Australian cryptocurrency traders by the end of the year.

2021.08.30

08:03

S.Korea to pass legislation to ban Google, Apple commission dominance

Asian Tech Press (Aug 30) -- South Korea is expected to become the first country in the world today to pass legislation ending the dominance of Apple and Google's payment systems in their app stores.

2021.08.20

11:04

Binance tightens anti-money laundering checks under regulatory pressure

FRANKFURT (Reuters) -Major cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect.

2021.04.12

14:00

Eager for overseas markets, TikTok cuts ties with China, calls China's policies in Xinjiang "Atrocities"

TikTok, the most successful Chinese app that targets foreigners is having an identity crisis - its hunger for overseas market is driving TikTok to fanatically cut ties with China. But the Chinese government will more than likely be offended by TikTok’s friendly words towards the western governments.

2021.04.10

02:06

Alibaba fined a record of $2.8 billion by Chinese regulators

China's antitrust regulator has fined Alibaba Group Holding Ltd. 18.228 billion yuan ($2.8 billion) for abusing its dominant position over competitors and merchants on its e-commerce platforms, a record penalty in China as the business empire of the company's founder Jack Ma comes under a wave of scrutiny.

2021.03.24

03:46

Tencent boss meets China antitrust officials on financial services operations

Ma Huateng, chairman and chief executive officer of Tencent Holdings Ltd., attends a news conference in Hong Kong, China, on Thursday, March 21, 2019. Tencent posted a quarterly profit that missed analysts’ estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown. Photographer: Justin Chin/Bloomberg

2021.01.23

01:06

Google threatens to withdraw search engine from Australia, BBC Reports

Google has threatened to remove its search engine from Australia over the nation's attempt to make the tech giant share royalties with news publishers.

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