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Beijing to break up Ant’s Alipay and force creation of separate loans app
https://www.ft.com/content/01b7c7ca-71ad...pe=nongift
https://www.marketwatch.com/story/chines...1631495430
The first act of "confiscation" by the Chinese government while regulating Big Tech? In this case, the confiscation of "user data".
https://www.ft.com/content/01b7c7ca-71ad...pe=nongift
https://www.marketwatch.com/story/chines...1631495430
Quote:Chinese fintech will turn over user data to new joint venture partly owned by state
The first act of "confiscation" by the Chinese government while regulating Big Tech? In this case, the confiscation of "user data".
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