The U.S. House Financial Services Committee Oversight and Investigations subcommittee holds a hearing at 2:00 p.m. ET on March 8 on “Holding the Biden Administration Accountable for Wasteful Spending and Regulatory Overreach.” Federal Reserve System Board of Governors Inspector General / Consumer Financial Protection Bureau Inspector General Mark Bialek, Department of Treasury Deputy Inspector General Richard…

The U.S. House Financial Services Committee Oversight and Investigations subcommittee holds a hearing at 2:00 p.m. ET on March 8 on “Holding the Biden Administration Accountable for Wasteful Spending and Regulatory Overreach.” Federal Reserve System Board of Governors Inspector General / Consumer Financial Protection Bureau Inspector General Mark Bialek, Department of Treasury Deputy Inspector General Richard…

Chinese network platform companies seeking foreign initial public offerings (IPOs) are already seeing new regulatory measures upon entering the new year. The new rules enable the Chinese Communist Party (CCP) to tighten its grip on China’s technology sector, experts say. On Jan. 5, the Anti-Monopoly Bureau of China’s State Administration for Market Regulation imposed fines…

Manuel Muhl, who downgraded Alibaba Group Holding Ltd. to a sell in late July before its 39 percent plunge, said the stock remains a valuation trap, SCMP reports. Alibaba’s intrinsic value appeal is not adequately reflected in the stock price as China’s regulatory risks and U.S. delisting pressures continue to mount. “The fear that the…

SHANGHAI—Chinese gaming and social media giant Tencent Holdings posted its slowest revenue growth since it went public in 2004 on Wednesday, hurt by a regulatory crackdown, and said the outlook for the advertising sector would remain weak into next year. Revenue climbed 13 percent to 142.4 billion yuan, slightly below expectations, and was the slowest…

SHANGHAI—China’s biggest listed companies Tencent and Alibaba are expected to report a fall in profits and slowing revenue growth in the July–September quarter, hurt by the year-long regulatory clampdown that has upended its tech industry. Beijing has reasserted control over its once-freewheeling Internet sector, punishing well-known names for engaging in what were previously considered regular…

China’s state-run People’s Daily urged an “imperative and urgent” regulation on cosmetic surgery advertising, after Beijing launched a widespread campaign targeting industries including technology and celebrity fan culture. On Sept. 14, the regime mouthpiece criticized China’s beauty industry for what it called misleading consumers’ aesthetic tastes and values, and driving the pursuit of good looks…

SHANGHAI—Chinese gaming and metaverse-related shares skidded on Thursday, dragged down by an ongoing regulatory squeeze that has engulfed industries ranging from online platforms and entertainment to for-profit tutoring and real estate. In the latest blow to China’s online gaming sector, the South China Morning Post reported on Thursday afternoon that Beijing had temporarily suspended approvals…

Commentary The Economic Information Daily, a subsidiary of Chinese state-run media Xinhua News, published a report on Aug. 3 that heavily criticizes Tencent Holdings’ flagship game “Honor of Kings.” Tencent has throughout the years been bending over backwards to adhere to Beijing’s regulations for online games, but now the company is in hot water. This…