China to probe US chip subsidies as export curbs rattle allies
Beijing investigating claims of unfair competition in mature semiconductors
Systems
17 Jan 2025 | 10
Months after Beijing’s regulators stepped in and forced Alibaba's finance arm Ant Group to restructure its consumer loans business, China's Banking and Insurance Regulatory Commission has granted the outfit permission to operate a consumer finance company. The Commission's ruling details an ownership structure that sees Ant …