Monday, 13 September 2021

Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny

Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.

from Gadgets 360 https://ift.tt/3z5pII4

No comments:

Post a Comment

Eli Zabar’s Substack Night

By Alex Vadukul from NYT Style https://ift.tt/IcP76Tk