According to people familiar with the matter, Walmart Inc. and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India.

China has asked two cross-border brokerages to rectify their “illegal” business activities, sending depositary receipts of Tencent Holdings Ltd. - backed Futu Holdings Ltd. tumbling.

The Chinese government is taking further steps to regulate its struggling online education industry, indicating that it is not ready to relax its restrictions on tech companies in this area.

The good times are over. Stock hedge funds are facing losses for the second year in a row, wiping out billions of dollars of wealth for investors.

Tribe Capital wrote to a select group of its co-investors earlier this month to inform them of some bad news.