China Orders Tencent, ByteDance to Rectify Financial Operations

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China Orders Tencent, ByteDance to Rectify Financial Operations

Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tec…
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