China foreign exchange regulator said it fined Tencent Tenpay for violating foreign exchange rules, as authorities step up supervision of fintech industry.
Microsoft announced that it’s shutting down the LinkedIn services in China later this year, and replaced with a new app, InJobs which similar features.
Bytedance, parent company of popular video app TikTok. Reports indicate that Bytedance’s IPO is being shelved following recent regulatory changes in China.