UP

China is tightening its grip on technology giants

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
China is tightening its grip on technology giants

The Chinese government is developing new control measures for its giant technology companies.

Axar.az reports this information was spread by the Wall Street Journal.

According to the report, these companies will be forced to turn off payment systems in their applications.

It was noted that the restrictions will apply to a total of 13 companies, including Vichat and Tencent. The main reason for this decision was that these companies provide loans through their payment systems without a banking license. Chinese officials have described it as a threat to the country's national security.

Date
2021.05.01 / 10:58
Author
Tural Azimzadeh
See also

Syria recognizes Kurdish rights and language

Iran launches electronic food coupon program

Ukraine warns of new massive Russian strikes

Turkiye plans to open a border crossing with Armenia

Chechen Leader’s son injured in serious car accident

Trump praises Iran’s cancellation of 800+ executions

Viktor Orban slams EU $90M loan to Ukraine

Porsche sales plunge 10% in 2025

Thailand unveils new economic diplomacy strategy

Trump threatens tariffs over Greenland

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla