New regulation in China to hit food delivery giants’ profit model

Between 2016 and 2020, the number of people who ordered food online in China doubled to 400 million. The boom was in part thanks to the generous subsidies shelled out by the country’s food delivery contenders for customers and businesses.

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Crypto platforms need regulation to survive, says SEC boss

The chair of the US Securities and Exchange Commission is warning that cryptocurrency trading platforms are putting their own survival at risk unless they heed his call to work within the nation’s regulatory framework. Gary Gensler told the Financial Times

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