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China tech

Chinese regulators summon fintech giants including Tencent and ByteDance

Financial watchdogs ban senior execs from holding multiple positions across business

NEW YORK/PALO ALTO, U.S. -- Chinese authorities summoned 13 companies in the financial technology sector including Tencent Holdings and ByteDance for a "supervision interview" Thursday, as Beijing looks to further tighten regulations on the sector following its crackdown against Ant Group.

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