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Chinese regulator denies issuing guidelines on internet giants' investments, fundraisings

January 20, 2022
Source: brecorder.com brecorder.com
News Snapshot:
[World] [Chinese regulator denies issuing guidelines on internet giants' investments, fundraisings] HONG KONG/BEIJING: China's cyberspace regulator denied on Wednesday issuing a document with new guidelines for the nation's big internet companies that would require them to seek approval for new investments and fundraising. The denial came after a document appeared on Chinese social media detailing such guidelines. "The Cyberspace Administration of China (CAC) has not issued this document and the information is false," it said on its official WeChat account without elaborating. It was not immediately clear whether the denial referred just to the existence of the document or its...
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