China celebrates 30th anniversary of country’s first internet connection in sign of support for the sector

2024-04-22 03:47 AM by Tyler Fields

China celebrates 30th anniversary of country’s first internet connection in sign of support for the sector A government-backed forum commemorating the 30-year anniversary of China’s access to the global internet brought together the country’s regulators and Big Tech executives, including Tencent Holdings founder Pony Ma Huateng, on Saturday as Beijing moves to boost the private …

Tencent CEO Pony Ma asks fintech unit to cede share in payments market to avoid challenging banks

2024-02-04 02:05 AM by Alex Mitchell

Pony Ma Huateng, founder and chief executive of Tencent Holdings, told employees that the firm’s financial technology unit needs to reduce its share in China’s payments market, as the social media and video gaming giant tries to avoid ruffling the feathers of banks, according to Chinese media reports and a person familiar with the situation. …