Greater China
Ronbay said the $17b figure was the company’s own estimate.
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India
The ruling will have implications for how India applies tax principles in cross-border deals.
The company is suspected of abusing its dominant market position.
SMBC was so far operating in India through a branch.
The dispute has led to a shortage of chips used by carmakers.
It urges fair competition in the rapidly-growing EV market.
Chinese authorities have targeted big tech companies to curb what they see as unfair competition.
Indonesia
Caps on commission that firms take from drivers could reduce to 10% from 20%.
The government ordered Blinkit, Zepto and Swiggy to stop promoting grocery deliveries as a “10-minute” service.
The move is a setback for the sector.
