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Tencent loses $62bn, wiping out value of fintech business

Bloomberg Tencent Holdings Ltd. shares fell a second day on concern regulators are now turning their sights to Pony Ma’s business empire, fueling a $62 billion wipe-out that one brokerage says obliterated most of the value of its online finance business. The stock fall more than 4% in Hong Kong on Monday. China’s top financial regulators see Tencent as the ...

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India’s move to deter digital monopolies may hit Amazon, Walmart

Bloomberg India’s draft e-commerce rules to prevent creation of “digital monopolies” and aid local startups may raise costs and stymie expansion plans at companies such as Amazon.com Inc. and Walmart Inc. The draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy. Prime ...

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China’s home prices grow at fastest pace in 6 months

Bloomberg China’s home prices grew at the fastest pace in six months in February, as a lower supply of projects during a holiday season added to a fear of missing out among buyers. New home prices in 70 major cities, excluding state-subsidised housing, rise 0.36% last month from January, when they gained 0.28%, National Bureau of Statistics figures showed on ...

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