Tag Archives: Industry regulation

China livestreamers need qualifications for certain topics: Regulators

Chinese regulators have been looking to clean up the country’s popular livestreaming industry. This includes rules around what online influencers can and can’t say and the topics that are off limits. Costfoto | Future Publishing | Getty Images Online influencers in China must now have a qualification to talk about …

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China’s tech regulation getting more ‘rational’: JD.com top exec

China’s annual 618 shopping festival sees domestic e-commerce giants including JD.com rack up billions of dollars of sales across their platforms. The 2022 edition comes against a backdrop of slowing economic growth in China and sluggish consumer spending. VCG | Getty Images EMBARGO to lift at 6am Singapore on Friday, …

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Alibaba shares drop after Jack Ma’s Ant Group says no plan for IPO

Ant Group, founded by billionaire Jack Ma, scrapped its IPO in November 2020 after regulators flagged concerns with the company. Since then, the company has been ordered to rectify its business. Ant Group said that a revived IPO is not on the cards yet. Costfoto | Future Publishing | Getty …

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Didi shares surge after report that regulators are ending probes

Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing giant Didi surged more than 50% in pre-market trade in the U.S. on Monday after the Wall Street Journal reported that regulators are concluding investigations into the company. The WSJ report said authorities would lift a ban on Didi …

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China signals easing of tech crackdown but don’t expect policy U-turn

China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of policy. “I think the big tech companies will have a …

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China’s Tencent exploring a financial holding company for WeChat Pay

An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is fintech business, a top executive said on Wednesday. The comments come after Bloomberg reported last week …

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Tencent shares plunge after report of record fine for money laundering

WeChat mascots are displayed inside Tencent office at TIT Creativity Industry Zone in Guangzhou, China, May 9, 2017. Bobby Yip | Reuters Tencent shares dived in Hong Kong on Monday after the Wall Street Journal reported the Chinese tech giant could face a record fine for violating anti-money laundering rules. …

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