SEARCHED FOR: Tencent Holdings

The new regulations are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology sector.

Tencent calls the latest growth numbers as the end of an era that nurtured some of the world’s largest and most profitable corporations.

The move comes after the new Chinese regulatory regime overseeing a range of industries, with a particular emphasis on privacy and data came into existence

The US antitrust body has assigned the Federal Trade Commission (FTC) to look into the contents of transactions.

Beijing is quietly empowering a secretive government-backed organization to vet and approve local suppliers in sensitive areas from cloud to semiconductors

In recent times Beijing has reasserted control over its once-freewheeling internet sector and has started punishing well-known names via new regulations

Many insiders believe that Chinese leaders don't want to reimpose direct control of the economy but want private sector companies to align with ruling party plans.

Beijing has been firming its grip on internet platforms in recent months, citing the risk of abusing market power to stifle competition, misuse of consumers' information

Goldman Sachs Principal Strategic Investments led Nav's Series C round with participation from Point72 Ventures, Experian Ventures, Aries, and CreditEase Fintech Investment Fund.

Without disclosing when and at what valuation, cab aggregator Ola said that it has raised $1.1 billion in funding and is in advanced talks to close an additional $1 billion