• Tencent boss vows 'compliance' with China regulators

    16 days ago - By Fashion United

    Beijing - Tencent's billionaire founder Pony Ma -
    China's second richest man - has met anti-monopoly regulators and agreed his firm will be “as compliant as possible”, after rival tech giant Alibaba was battered by legal woes.
    Tencent, which owns the super-app WeChat and a lucrative gaming empire, is the latest tech conglomerate to fall into the crosshairs of China's regulators.
    They have launched a blitz on apparent anti-competitive practices, threatening to slice up supersized firms whose reach now stretches into the daily finances of the public.
    Tencent's Ma, also known as Ma Huateng...
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