Tencent Boss Vows 'Compliance' With China Regulators


Source: ibtimes.com.au ibtimes.com.au

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Tencent Boss Vows 'Compliance' With China Regulators By AFP News on March 25 2021 5:27 PM 0 0 Tencent's billionaire founder Pony Ma -- China's second richest man -- has met with anti-monopoly regulators and agreed his firm will be "as compliant as possible," after rival tech giant Alibaba was battered by legal woes. Tencent, which owns the super-app WeChat and a lucrative gaming empire, is the latest tech conglomerate to fall in the crosshairs of China's regulators. They have launched a blitz on apparent anti-competitive practices, threatening to slice up supersized firms whose reach now stretches into the daily...