Chinese officials have told 13 of the country’s biggest tech companies to “rectify prominent problems” on their platforms, a sign that the regulatory pressure on the fintech sector is spreading beyond Jack Ma’s Ant Group.
Tencent, ByteDance and the fintech affiliates of Baidu, JD.com, Meituan and Didi were among the group summoned to a meeting with officials from the People’s Bank of China and other banking, securities and foreign exchange regulators, according to state news agency Xinhua.
Ant Group, which was ordered to restructure this month, was not called in again.
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