JPMorgan Chase & Co. closed the private banking account of investor Tang Hao over know-your-customer concerns, despite him generating millions in fees. Tang held a $4 billion stake in AppLovin Corp. after a 700% share surge. The move is unusual, thou

2026-03-19

JPMorgan Chase & Co. closed the private banking account of investor Tang Hao over know-your-customer concerns, despite him generating millions in fees. Tang held a $4 billion stake in AppLovin Corp. after a 700% share surge. The move is unusual, though JPMorgan’s China revenue continues to grow. Representatives for all parties declined to comment.