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Exclusive: Tencent Ordered to Set Up Financial Holding Company

2021年05月27日 17:35 来源于 财新网
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Owner of WeChat Pay follows in footsteps of rival Ant Group with state-mandated corporate shake up to comply with new rules for financial firms
Tencent itself has played down the potential impact on the business of having to establish a financial holding company. Photo: IC Photo

Tencent Holdings Ltd. — billionaire Pony Ma’s sprawling gaming, technology and financial empire — has been told by regulators to put its finance-related business into a new financial holding company where they can be better supervised, multiple sources close to the matter told Caixin.

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