Feb 24, 2023 09:30 PM

Tech Insider: Tencent’s Fintech Arm Contends With Regulatory Delay Fallout, Canada Launches Privacy Probe Against TikTok

Tencent headquarters in Shenzhen, Dec. 1. Photo: VCG
Tencent headquarters in Shenzhen, Dec. 1. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Tencent’s top risk control executive to depart 

Amid apparent foot-dragging by regulators over licensing for Tencent’s financial businesses, Yang Jun, vice president in charge of risk control at Tencent Financial Technology, the fintech arm of Tencent Holdings Ltd., will soon leave the firm and is likely to return to the traditional financial services sector, multiple sources familiar with the matter told Caixin.

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