News Snapshot:
Tencent boss vows ‘compliance’ with China regulators 51 AM MYT Ma said he would 'actively cooperate with regulatory authorities and be as compliant as possible' during a news briefing late Wednesday on Tencent’s annual results. Tencent’s billionaire founder Pony Ma — China’s second richest man — has met 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 into the crosshairs of China’s regulators. They have launched a blitz on...
