China orders Tencent and other big tech firms to curb their finance businesses

Chinese regulators have ordered more than a dozen tech companies to fix the most “prominent problems” of their financial units, escalating a historic crackdown on the sector that has already engulfed some of the country’s top players.Chinese regulators have ordered more than a dozen tech companies to fix the most “prominent problems” of their financial units, escalating a historic crackdown on the sector that has already engulfed some of the country’s top players.