156.54BMarket Cap3.46P/E (TTM)
0.000000High0.000000Low18.75KVolume0.000000Open0.626120Pre Close0.00Turnover0.00%Turnover Ratio3.46P/E (Static)250.01BShares0.71670052wk High0.36P/B156.54BFloat Cap0.50000052wk Low0.06Dividend TTM250.01BShs Float0.900000Historical High8.78%Div YieldTTM0.00%Amplitude0.500000Historical Low0.000000Avg Price1Lot Size
CHINA CONSTRUCTION BANK Stock Forum
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Tencent must get regulatory green light before releasing new apps and updates
The new ruling comes after China's Ministry of Industry and Information Technology found that several of Tencent's apps violated data protection rules, resulting in China's most valuable technology company having to submit new apps before they can be launched.
"We are continuously working to enhance user protection features within our apps, and also have regular cooperation with relevant government agencies to ensure regulatory compliance," Tencent said in a statement. "Our apps remain functional and available for download." Alibaba, Baidu other companies fined by Chinese antitrust regulator.
Meanwhile, some state-run companies, like $China Mobile(CHL.US)$ and $CHINA CONSTRUCTION BANK(CICHF.US)$, are restricting employees' use of Weixin, Tencent's popular domestic messaging app. Security concerns were flagged by the firms, which said any chat groups set up for work purposes could contain sensitive information and should be closed down and deleted.
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