Four Chinese government agencies including the country’s central bank and top securities regulator on Thursday summoned the fintech branches of 13 Chinese tech companies including Tencent, Baidu, Bytedance, and Didi Chuxing. The firms were told to take actions to prevent monopolies and the “disorderly expansion of capital.” (Xinhua, in Chinese)

Wei Sheng

Wei Sheng is a Beijing-based reporter covering hardware, smartphone, and telecommunications, along with regulations and policies related to the China tech scene. He writes a monthly newsletter tracking...