FinTech companies: Chinese regulators warn fintech firms against anti-monopoly behavior


Source: technewschronicle.com technewschronicle.com

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0 Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance , and told them to strengthen anti-monopoly measures. The regulators, which include the People’s Bank of China (PBOC) and China’s securities and banking regulators, said in a statement Thursday that they had summoned companies including Xiaomi ‘s fintech arm; Tencent; Bytedance; e-commerce platform JD.com’s JD Finance , and the finance arm of food delivery platform Meituan . Liking this story? Get one mail covering top tech news of the day in under 5 minutes! Thank you for subscribing to Tech Top 5 We’ll...