Chinese Regime Clamps Down on 13 Tech Giants

Chinese Regime Clamps Down on 13 Tech Giants
A man walks past an advertisement for the WeChat social media platform, owned by Tencent, at Hong Kong International Airport on Aug. 21, 2017. Richard A. Brooks/AFP/Getty Images
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On April 29, 13 internet platform providers engaged in finance services were summoned to a meeting in Beijing with regulators, the latest in a series of meetings aimed at tightening control over its homegrown internet giants.

WeChat operator Tencent Holdings Ltd. and the on-demand delivery giant Meituan are among those tech firms which offer financial services like personal loans and insurance policies on their mobile apps.