News Snapshot:
By admin Jan 21, 2021 hackingbear writes: Individuals’s Financial institution of China, the nation’s central financial institution, mentioned on Wednesday that any non-bank fee firm with half of the market in on-line transactions or two entities with a mixed two-thirds share may very well be topic to antitrust probes, doubtlessly dealing one other blow to monetary expertise big Ant Group Co. and its largest rival Tencent Holdings Ltd. Ant’s Alipay accounts of 55.6% of the Chinese language on-line fee market, whereas Tencent’s WeChat accounts for 38.8%, in keeping with iResearch knowledge. “If a monopoly is confirmed, the central financial institution...
