Chinese internet giants Baidu, Alibaba and Tencent have blocked cryptocurrency-related activities on their platforms. The move comes as the regulators in the country are intensifying crackdown on cryptocurrencies.
Internet search engine Baidu has shut down at least two crypto-related chat rooms, known as Post Bar services, including Digital Currency Bar and Virtual Currency Bar. The notice reportedly showed the online forums are temporarily closed in accordance with relevant laws, regulations and policies.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.