Chinese regulators to push tech giants to share consumer credit data

China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing’s latest tightening of scrutiny. The plan, if implemented, would effectively end the government’s laissez-faire approach to the industry. Large Internet platforms have […]

Continue Reading

Marriott, BlueCross suspend donations to U.S. lawmakers who voted against Biden certification

Marriott International Inc, the world’s largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will suspend donations to U.S. lawmakers who voted last week against certifying President-elect Joe Biden’s victory. “We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will […]

Continue Reading

Chinese EV maker Nio may launch mass market vehicles under another marque

China’s electric vehicle (EV) maker Nio Inc, which competes with conventional premium automakers including Daimler AG and BMW, may make mass market products under another marque, its chief executive said. “As EV technologies advance and battery cost lowers, it is possible that we may enter the massive market, but definitely not with Nio brand,” William […]

Continue Reading