regulation Archives

Didi Resumes New User Registration After Lengthy Review by Chinese Authorities

After over a year of being reviewed by Chinese regulators, online ride-hailing platform Didi officially announced on January 16 that it has resumed new user registration.

Chinese Fintech Giant Ant Group Appoints New CPO

According to the official website of Chinese financial technology giant Ant Group, Sam Zeng, the former Chief People Officer, left his post and has been replaced by Wu Minzhi, previously the firm's deputy CPO.

China to Launch Digital Asset Trading Platform Soon

China's first national-level secondary trading platform for digital assets will be launched on January 1 of the new year, aimed at supporting the trade of intellectual property rights, digital copyright and digital collections.

BYD Electronics and Six Other A-Share Listed Firms Obtain E-Cig Licenses in China

China's new national standards for e-cigarettes are set to go into effect on October 1. So far, seven A-share listed companies have obtained licenses through their subsidiaries for the production, sale, import and export of e-cigarettes.

Ant Group Buys Land in Shanghai, Eyes Restart of IPO

Alibaba's financial services arm Ant Group has won the rights to a plot of land in Shanghai's Huangpu District. Analysts have suggested that the move may indicate Alibaba is accelerating its split with Ant Group, so as to promote the latter's restart of an IPO bid.

Huobi to Delist Seven Privacy Tokens Amid Regulatory Clampdown

Huobi, one of the world's leading crypto exchanges, on September 6 terminated trading services for seven privacy tokens, which will begin to be delisted on September 19 in order to achieve compliance with tightening financial regulation around the world.

Xiaomi Co-Founder Steps Down as Chairman of Financial Arm

Xiaomi recently announced in an internal email that it appointed Alain Lam, vice president and CFO of the group, to serve as the chairman of Airstar Digital Technology, the financial arm of the group.

TCL Placed on File by CSRC for Illegal Acquisition of Homa Group

Home appliance maker Homa Group announced on August 29 that TCL, the company's controlling shareholder, received a notice of being put on record by a Chinese regulator, suspected of violating securities laws in the acquisition process of the company.

Bitcoin Mining Platform Moxian Divests Chinese Subsidiaries Amid Local Regulations

Moxian, a Nasdaq-listed company engaged in bitcoin mining and related services in the United States, announced on August 15 that its wholly-owned subsidiary has transferred all equity interest of Moxian (Hong Kong) Limited to Liu Jiantao, a resident of China.

Crypto Exchange Huobi Denies Founder’s Stake Transfer Plan

News emerged on August 12 that Leon Li, the founder of cryptocurrency exchange Huobi, is seeking to sell a 60% stake in the company that would value the business at $3 billion. However, the report was denied by the platform.

Gotion High-Tech Comments on Pressure From Chinese Regulators

A provincial division of the China Securities Regulatory Commission announced on July 26 that Gotion High-Tech, a new energy vehicle battery enterprise, was discovered to have four irregularities.

China Strengthens Data Supervision of Car-hailing Platforms

China's Ministry of Transport issued a document on July 22 requiring the transportation authorities of all cities to collect license information of car-hailing companies and their vehicles and drivers for real-time sharing.

Tencent to Shut Down Digital Collection Trading Platform Huanhe

News emerged on July 20 that Huanhe, a digital collection trading platform owned by Chinese tech giant Tencent, will be abolished this week.

Chinese Regulators Announce $1.19B Fine on Didi

The Cyberspace Administration of China (CAC) on July 21 issued a series of punishments for Chinese ride-hailing platform Didi, following a digital security review.

Digital Collections: China’s Version of NFTs Versus NFTs

Since the bankruptcy and liquidation of Terra/LUNA, stETH, and 3AC, the transaction volume of the world's NFT market has shown a downward trend. Meanwhile, China, on the other side of the ocean, is leading the digital collection market.

China NFT Weekly: Dating in the Metaverse

This week: metaverse dating app Soul eyes Hong Kong IPO, ByteDance continues metaverse investments with the acquisition of VR startup PoliQ, Chinese tech giants vow to end NFT speculation, and more.

China Strengthens Supervision of Blockchain Information Services

On Tuesday, the Cyberspace Administration of China released the names and record numbers of the eighth batch of registered domestic blockchain information service providers, including 106 new entities.

Three Chinese Industry Associations Call for NFT Regulation

Three Chinese state associations issued a joint initiative on Wednesday for curbing the financialization and securitization of NFTs, and for preventing the risk of illegal financial activities.

Chinese Regulators to Strengthen Requirements for New Energy Vehicle Firms

Five Chinese government bodies, including the Ministry of Industry and Information Technology, issued a joint opinion on Friday, calling for further strengthening of safety systems for new energy vehicle companies.

China Considers Granting Access to Audits of US-listed Chinese Firms

Latest moves from the Chinese regulatory authorities suggest that the long-running Sino-US audit dispute is likely to hit a new milestone.

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