Fistfights broke out between Chinese officials and staff from PDD, the owner of Temu, during a tense audit, Bloomberg reports. This explosive confrontation highlights the rising tensions amid growing regulatory pressure on China’s e-commerce giants
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Australia’s financial watchdog has taken a bold step, ordering Binance’s local unit to undergo a thorough audit amid growing worries over potential money laundering activities, Reuters reports. This decisive move aims to strengthen regulatory compliance and bring greater transparency to the market
China’s Chery and BYD could face repayment of subsidies after a government audit revealed funding irregularities. This probe highlights the increasing regulatory scrutiny as authorities ramp up oversight on automakers