Market Chatter: JPMorgan Chase Closes Chinese Tycoon's Account
MT Newswires Live
Mar 19
JPMorgan Chase & Co (JPM) has closed down the private banking account of Chinese investor Tang Hao over know-your-customer concerns, Bloomberg reported Thursday, citing unnamed people familiar with the matter.
Tang held a $4 billion stake in AppLovin (APP) as of early 2025, the report said.
The account was closed in recent months, the report said.
JPMorgan and AppLovin did not immediately reply to MT Newswires' request for comment.
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