China regulator suggests Big Tech crackdown may be coming to an end, report says


Source: timesnewsexpress.com timesnewsexpress.com

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- Beijing’s regulatory scrutiny of fintech firms may wrap up this year, according to a Bloomberg report. - China has cracked down on tech companies for nearly a year to fix what it sees as a range of financial and social problems. - Authorities identified more than 1,000 issues related to fintech operations at 14 online platforms. China may wrap up its crackdown on financial technology companies by the end of 2021 following substantial progress in addressing a range of issues, including anti-competitive behavior, said the country’s top financial regulator, according to a Bloomberg report. More than a thousand issues...