WEALTH CRACKDOWN
China's crackdown on 'wealth-flaunting' social media puts pressure on influencers to echo the party line Chinese regulators crack down on social media influencers flaunting wealth, contrasting with US mental health concerns. The campaign targets extravagant displays, reflecting wider fears of subversive views. Public support for authoritarian measures ...
25 Jun, 2024, 12.52 PM ISTLuxury influencers vanish from Chinese social media in wealth crackdown Chinese social media censors have blocked multiple influencers known for showing off their lavish lifestyles after an official campaign to curb displays of ostentatious wealth online was announced. China's internet watchdog in April launched the "Cl...
28 May, 2024, 09.02 AM ISTINDIA bloc leaders scared of Pakistan's nuclear power: PM Modi Addressing an election rally in Muzaffarpur Lok Sabha constituency of Bihar, Modi made an apparent reference to a recent statement of National Conference leader Farooq Abdullah, without mentioning him by name. "The INDIA bloc seems to have leaders w...
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ETMarkets Smart Talk: Why QSR and IT could turn out to be Dark Horse in FY25, Sameer Kaul explains Sameer Kaul from TrustPlutus Wealth highlights Quick Service Restaurants (QSR) as a dark horse sector, emphasizing the IT sector's challenging outlook. He discusses various market factors, including corporate earnings, FII flows, and Gen Z investing...
07 May, 2024, 09.00 AM ISTSebi crackdown reinforces need for registration On November 22, the market regulator penalised and barred P Krishnakumar and Jagadeeshan S for a year for giving illegal investment advisory services and ordered them to refund over ₹30 lakh collected as fees through astrology-based prediction packa...
02 Jan, 2024, 06.28 AM ISTWhat Sebi's crackdown on Baap of Chart reveals about stock market, investors The interesting thing is the air of hyperbolic stardom and celebrityhood that has been created around the perpetrator. It tells us about the type of investors who were being targeted. Someone who has chosen and promoted a personal brand ‘Baap of Cha...
06 Nov, 2023, 11.55 AM ISTETtech In-depth: Sebi’s crackdown on finfluencers unlikely to stop fraud Earlier this month, Sebi chairperson Madhabi Puri Buch invited ‘finfluencers’ — social media influencers who offer advice and information on financial products to their followers — to get regulated and keep working with Sebi-registered entities. The...
21 Sep, 2023, 07.42 AM ISTSebi’s finfluencer crackdown may be off target; ETSA 2023 winner String Bio founder on why businesses must pivot Cracking down on so-called finfluencers is easier said than done. The Securities and Exchange Board of India (Sebi) may well find that not all of them are likely to pay heed to its recent directions on operating within the regulatory grid. This and ...
21 Sep, 2023, 07.41 AM ISTJack Ma’s wealth dips $4.1 billion, dragged by Ant’s reduced valuation Once China’s richest tech tycoon, Jack Ma may now be worth $30 billion, which is less than half of his peak wealth before the failure of the biggest IPO in history in 2020. Jack Ma’s 9.9 per cent stake in Ant Group Co is now estimated to be worth $4...
12 Jul, 2023, 12.43 PM ISTCrypto investors step up risk management after last year's meltdowns Cryptocurrency investors are becoming more cautious about working with firms, following losses from sudden collapses of Celsius Network, Voyager Digital, FTX and other exchanges. Also, a regulatory crackdown expected to pressure the remaining compan...
17 Jun, 2023, 12.17 AM ISTHSBC is betting big on India's $400 billion pile of wealth The bank is planting its sights more firmly on the ultra-rich in India, where the wealth held by billionaires has crossed $400 billion from $148 billion in 2016. It also plans to launch an onshore private banking service in the South Asian country t...
10 Feb, 2023, 06.44 AM ISTChina's wealthy population desperate to move out as President Xi Jinping pushes for 'common prosperity' China's wealthy community is looking to move out of the country as President Xi Jinping's crackdown on big tech industries, real estate and education, and his push for "common prosperity" over the past two years have terrified them, reported ANI cit...
29 Jan, 2023, 05.40 PM ISTChina's real estate magnate Hui Ka Yan loses 93 per cent of his wealth Once the second-richest person in Asia, the China Evergrande Group chairman's fortune is considerably diminished, moreover, Hui is also finding himself increasingly isolated politically, with the latest signal coming from the Chinese People's Politi...
22 Jan, 2023, 06.56 AM ISTChina's video game makers come in from the cold as crackdown eases Beijing's tough curbs in 2021 laid waste to the once-booming industry, shaving over half of the market value of sector leaders like Tencent Holdings and NetEase Inc and shrinking the world's biggest gaming market for the first time.
20 Jan, 2023, 01.32 PM ISTCryptos turn attractive after crackdowns "I'm in the 'yes' camp. As a professional investor, you need a regulated investment opportunity and it opens the doors for more professional investors to get involved in crypto, if it's more regulated," said Chris Gaffney, president of world markets...
25 Oct, 2022, 06.32 AM ISTChina's central bank accepts Ant's application for financial holding company The People's Bank of China's (PBOC) expected approval of the plan is the latest sign that Ant, a tech giant with financial businesses stretching from payments to wealth management, is poised to emerge from a regulatory crackdown.
17 Jun, 2022, 06.49 PM ISTBeijing Tech Crackdown: Richard Liu, billionaire founder of JD.Com, steps down as CEO Chinese eCommerce giant JD.COM's CEO has stepped down because of the tech crackdown, and now, the president of the company, XU Lei, will become the new CEO.
07 Apr, 2022, 08.48 PM ISTSoftBank founder Masayoshi Son loses $25 billion in tech's brutal winter From China’s tech crackdown to Russia’s invasion of Ukraine, inflation to the markets, a litany of troubles has beset Masayoshi Son and his conglomerate.
16 Mar, 2022, 09.39 AM ISTChina’s tech moguls see $80 billion of wealth evaporate in 2021 The country’s 10 richest tech tycoons lost $80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid widescale crackdowns by Chinese regulators.
30 Dec, 2021, 02.51 PM ISTWater tycoon is China's richest as wealth crackdown batters Jack Ma Bottled-water tycoon Zhong Shanshan has become China's wealthiest person, according to an annual ranking released Wednesday. He is worth $60.5 billion, according to the Hurun Rich List, up seven percent.
27 Oct, 2021, 12.26 PM IST