Tencent could overhaul WeChat Pay after pressure from regulators: report

Like
1
Favorite

Tencent could overhaul WeChat Pay after pressure from regulators: report

seekingalpha2022-03-18

Michael Vi/iStock Editorial via Getty Images Chinese internet giant Tencent Holdings (OTCPK:TCEHY) could be forced to overhaul its operations and put WeChat Pay into a financial holding company, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Gskm
·2022-03-20
Interesting.
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2220564779?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-03-18 20:21","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2220564779","market":"us","top_or_hot":-1,"title":"Tencent could overhaul WeChat Pay after pressure from regulators: report","media":"seekingalpha","content":"<div>\n<p>Michael Vi/iStock Editorial via Getty Images  Chinese internet giant Tencent Holdings (OTCPK:TCEHY) could be forced to overhaul its operations and put WeChat Pay into a financial holding company, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3814911-tencent-could-overhaul-wechat-pay-after-pressure-from-regulators-report\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent could overhaul WeChat Pay after pressure from regulators: report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent could overhaul WeChat Pay after pressure from regulators: report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 20:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3814911-tencent-could-overhaul-wechat-pay-after-pressure-from-regulators-report><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Michael Vi/iStock Editorial via Getty Images  Chinese internet giant Tencent Holdings (OTCPK:TCEHY) could be forced to overhaul its operations and put WeChat Pay into a financial holding company, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3814911-tencent-could-overhaul-wechat-pay-after-pressure-from-regulators-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1531","symbol_name":"手游股","start_time":0,"source_url":"https://seekingalpha.com/news/3814911-tencent-could-overhaul-wechat-pay-after-pressure-from-regulators-report","article_id":"2220564779","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2220564779","pubTimestamp":1647606063,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Michael Vi/iStock Editorial via Getty Images  Chinese internet giant Tencent Holdings (OTCPK:TCEHY) ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1531":"手游股","BK1608":"元宇宙概念","BK1526":"科网股","TCEHY":"腾讯控股ADR","BK1591":"就地过年概念","BK1516":"腾讯概念","BK1589":"北水核心资产","BK1521":"挪威政府全球养老基金持仓","BK1586":"云计算","BK1095":"互动媒体与服务","00700":"腾讯控股","BK1517":"云办公","BK1502":"双十一"},"translate_title":"在监管机构施压下，腾讯可能对微信支付进行全面改革：报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1,"TCEHY":0.6},"content_text":"Michael Vi/iStock Editorial via Getty Images  Chinese internet giant Tencent Holdings (OTCPK:TCEHY) could be forced to overhaul its operations and put WeChat Pay into a financial holding company, similar to what happened with Ant Group, after pressure from Chinese regulators, according to Bloomberg. The move would put all of Tencent's financial operations, including banking, securities, insurance and credit-scoring services into the holding company so it can be regulated like a bank, the news outlet added, citing people familiar with the matter. By putting WeChat Pay into the holding company, Tencent (OTCPK:TCEHY) would likely operate it separately from the rest of WeChat and could add uncertainty as it is one of the main features of the app and potentially reduce convenience. WeChat is used by more than 1 billion people around the world and WeChat Pay handles \"billions of dollars\" on a daily basis, Bloomberg explained. Tencent (OTCPK:TCEHY) shares fell nearly 8% to $48.58 on Thursday. Earlier this week, it was reported that Tencent (OTCPK:TCEHY) could face a record fine for potential money laundering via its WeChat Pay mobile network. China has cracked down on companies in the past year, especially tech firms. The aforementioned Ant Group was ordered by Chinese regulators to restructure into a financial holding company, and Alibaba (BABA) was ordered to pay a $2.75 billion antitrust fine in April 2021. Tencent (OTCPK:TCEHY) and Alibaba (BABA) are reportedly close to cutting thousands of jobs as a result of Beijing's ongoing regulatory crackdown on China's tech sector.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9035778285,"gmtCreate":1647706733818,"gmtModify":1676534259739,"author":{"id":"4087870479571430","authorId":"4087870479571430","name":"Gskm","avatar":"https://static.tigerbbs.com/db391bf6ca4489e84aaa339876357911","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"4087870479571430","authorIdStr":"4087870479571430"},"htmlText":"Interesting.&nbsp;","listText":"Interesting.&nbsp;","text":"Interesting.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035778285","repostId":2220564779,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}