End of China’s Fintech Crackdown? Tencent and Alibaba Fined

TechCrunch | Rita Liao |  Jul 8, 2023 The Chinese government's regulatory crackdown on the fintech industry, which began in late 2020, appears to be concluding with substantial fines levied on Tencent and Alibaba, the two dominant players in China's digital payments market. Fines: Tencent and its payments subsidiary Tenpay have been fined approximately $410

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