Tencent

The company behind WeChat was the subject of intense criticism last week for holding a stake in Futu, a US-listed online stockbroker.

Wang said he may start a career in the medical field after his departure.

Several major mutual aid platforms have been suspended this year, while regulators are determined to rein in tech firms’ control of insurance-like services.

After regulators stepped in, Alibaba and Tencent are dissolving protectionist features.

Sogou is China’s second largest search engine with 14.3% of the market share.

Recent proclamations of entries into the metaverse have propelled stock prices of video game companies to new heights.

Tencent Video and iQiyi’s viewers have long complained about per-episode charges for popular serial dramas.

Regulators told Tencent, NetEase, and other major video game companies to intensify oversight of minors’ gameplay.