![]() ("Moomoo Financial SG") regulated by the Monetary Authority of Singapore (MAS). In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC). In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. ![]() Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc. ![]() Returns will vary, and all investments carry risks, including loss of principal. Past investment performance does not indicate or guarantee future success. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. CNN Sans ™ & © 2016 Cable News Network.It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Laura He, Sophie Jeong and Shawn Deng contributed to this report. Xi may not want a competing power force in his country. But some China experts believe Xi wants to avoid a situation similar to America’s battle with Big Tech companies that has given companies like Facebook, Google, Amazon and Apple so much power that they are perhaps beyond the government’s ability to regulate - despite several antitrust lawsuits and potential regulation. Chinese President Xi Jinping has endorsed the probes, setting regulatory crackdowns as one of the country’s top priorities in 2021, and he has continued to call on regulators to scrutinize tech companies.Ĭhina has a state-run economy, so going after tech for antitrust abuses could insulate the country from companies that take on unnecessary risks, including cyberthreats and potential market abuses. Several tech companies in the past few months have faced investigations for alleged monopolistic behavior or breaches of customer rights leading to record fines and massive overhauls. It said securities fraud was prominent in overseas markets. The government will severely punish illegal securities activities, including fraudulent share issuance, embezzlement and market manipulation. The country’s government announced Tuesday it will increase regulation of overseas-listed companies.Ĭhina will begin regulating what kind of information those tech companies send and receive across the nation’s borders, with a strong focus on ensuring Chinese customers are safe from cybercrime or leaks of personal information. The company has said that customers and drivers who already downloaded the app won’t be affected, but also warned that it expects a potential hit to revenue in China.ĭropping the hammer on Didi is part of a larger crackdown on Big Tech in China. The company’s stock price also tumbled on Friday.ĭidi, which is enormously reliant on its home market and has 377 million active users in China alone, has said that it is complying with regulators’ demands and working to make changes to its app. Just last week, Didi had gone public in the biggest US initial public offering by a Chinese company since Alibaba’s debut in 2014, raising some $4.4 billion.īut only two days later, China launched a probe into Didi and suspended the registration of new users on the app. (Photo by Jade GAO / AFP) (Photo by JADE GAO/AFP via Getty Images) Jade Gao/AFP/Getty ImagesĬhina bans Didi, its biggest ride-hailing service, from app stores A driver opens the Didi Chuxing ride-hailing app on his smartphone in Beijing on July 2, 2021.
0 Comments
Leave a Reply. |