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

Russian forces begin pulling out of bases in Syria

North Korea to soon unveil ‘next-stage’ nuclear plans

Five dead in plane crash in India - Photo

Man shot by US Border Patrol in Arizona

UN votes to end mission in Yemeni city of Hodeida

Trump says another ‘armada’ floating towards Iran right now

Humanitarian corridor in Syria’s Ayn al-Arab open

France backs Armenia-Azerbaijan-Turkiye ties

Tehran supports initiatives for peace and stability

Zelensky ready to meet Putin on key issues

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