News Snapshot:
Signage for digital payment services Alipay by Ant Group, an affiliate of Alibaba, and WeChat Pay by Tencent are displayed outside a currency exchange in Hong Kong, China, on Tuesday, Sept. 1, 2020. Chan Long Hei | Bloomberg | Getty Images BEIJING — As China’s anti-monopoly and data security crackdown creeps into restrictions on U.S. IPOs, analysis shows that some of the country’s biggest tech companies are deeply invested in those overseas stock offerings. Gaming and social media giant Tencent is by far the dominating corporate shareholder, with significant stakes in half of the 25 largest fundraises by Chinese companies...
