SHANGHAI : China's industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other's website links from their platforms, the 21st Century Business Herald said Saturday.
The ministry said it may have to resort to other measures if the firms did not comply, the newspaper said. Companies that attended the meeting included Alibaba, Tencent, ByteDance, Baidu Inc, Huawei Technologies Co and Xiaomi Corp, the newspaper said. The companies did not immediately respond to requests for comment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China tells country's delivery, ride-hailing firms to better protect workersSHANGHAI : Chinese government ministries on Friday met with the country's largest delivery and ride-hailing companies including Meituan, Didi Global and Alibaba Holding's Ele.me, and gave guidance on worker labour rights protections.Such companies needed to improve their use of algorithms as well as how t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Taiwan raps Fitch for calling it part of China in ratings upgradeTAIPEI : Taiwan's government scolded Fitch Ratings on Friday for calling the island part of China for the first time, in an announcement on upgrading Taiwan's economic outlook, and said it was talking to the company about the issue.China, which claims democratically-ruled Taiwan as its own territory, has
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
JPMorgan slashes price target for troubled China property giant EvergrandeLONDON : Investment bank JPMorgan slashed its price target for China's debt-hobbled property giant Evergrande Group to HKUS$2.80 from HKUS$7.20 on Friday, saying there was likely to be more negative news about its finances.The bank also cut its recommendation to underweight from overweight. 'We be
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Central China Real Estate says confident it can repay all debt amid liquidity worriesHONG KONG/BEIJING : Central China Group, a mid-sized property conglomerate based in Henan province, said its operations are back to normal and it is confident of repaying all its debt, a month after it sought support from the government to prevent a cash crunch.Central China's CEO confirmed on Friday it h
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China Evergrande outlines interim repayment plan for retail investors - REDDHONG KONG : Struggling property giant China Evergrande Group repaid matured wealth management products of less than 100,000 yuan (US$15,531) on Sept. 9 as part of an interim repayment plan for retail investors, financial information provider REDD reported on Friday.Citing three product holders who were br
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China-focused equity funds see outflows for second month in AugustGlobal investors sold China-focused equity funds for the second straight month in August on concerns over a regulatory crackdown on local firms and the economic impact of the Delta coronavirus variant.China-focused equity funds saw net sales worth US$392 million, following outflows of US$596 million in Ju
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »