News Snapshot:
China considers launching an investigation into Alipay, WeChat Pay 15 CET | News Yahoo Finance has reported that Chinese regulators are considering launching an antitrust investigation into Ant Group’s Alipay and Tencent Holdings’ WeChat Pay . The antitrust watchdog has been gathering information on China’s two dominant online payments services for at least a month on the instigation of the central bank, as per Reuters. An official inquiry would deal a serious blow to Ant’s impending Hong Kong and Shanghai initial public offerings, kick started just weeks ago and potentially the largest floats either city has seen in years. However,...
