The largest-ever penalty hits an internet company in China. Authorities announced a nearly $1 billion fine for Ant Group. But the latest billion-dollar fine has fueled investor hopes, suggesting Beijing has reached the end of its tech sector crackdown.
While the world is awakening to the threat of TikTok, WeChat is another Chinese social media platform that is infiltrating and monitoring a huge population of Chinese people overseas. Lydia Liu is a Chinese American who found herself becoming a victim of the Chinese Communist Party’s (CCP) censorship through WeChat, a Chinese-owned social media video-sharing […]
President Joe Biden is canceling billions of dollars more in student loan debt for former students of a school that closed down. The hottest zip codes for homebuyers in America: which one topped the list? Plus, we get some homebuying tips from realtor.com. Chinese tech giant Tencent is quietly buying shares of the world’s largest game developers. […]
President Joe Biden is canceling billions of dollars more in student loan debt for former students of a school that closed down. The hottest zip codes for homebuyers in America: which one topped the list? Plus, we get some homebuying tips from realtor.com. Chinese tech giant Tencent is quietly buying shares of the world’s largest game developers. […]
Cybersecurity firm Internet 2.0 claims the rapidly deteriorating legal status of Hong Kong has undermined any claims by Chinese social media app WeChat that user data is being protected. On Sept. 30, 2020, WeChat made a written submission to the Australian Parliamentary Select Committee on Foreign Interference through Social Media, claiming that user data was […]
The U.S. government is releasing the latest list of “notorious markets.” New on the list are two household names in China’s e-commerce sector: AliExpress, which is owned by tech giant Alibaba, and WeChat, which is owned by another tech giant Tencent.
Another tale of forced demolition strikes a family in China. The victims say authorities railroaded them—and now they’ve lost everything. An over $400,000 fine, over a rule-breaking gain of $300—the Chinese Communist Party ramps up its clampdown on the country’s fintech industry. Parts of northern China are seeing renewed lockdown orders amid a surge of […]
SHANGHAI—China’s biggest listed companies Tencent and Alibaba are expected to report a fall in profits and slowing revenue growth in the July–September quarter, hurt by the year-long regulatory clampdown that has upended its tech industry. Beijing has reasserted control over its once-freewheeling Internet sector, punishing well-known names for engaging in what were previously considered regular […]
A U.S. national security panel is investigating Tencent Holdings’ $1.27 billion takeover of Sumo Group, the British videogame maker said on Friday, in a possible setback to the Chinese internet giant. Sumo, which has studios in the United States and four other countries, said Tencent had agreed to offer undertakings to gain approval from the […]
The National Basketball Association (NBA) is facing yet more pressure in China after a Boston Celtics player filmed a short video calling for an end to Beijing’s ongoing repression in Tibet. Wearing a black T-shirt emblazoned with the image of Tibet’s spiritual leader Dalai Lama, Turkish player Enes Kanter on Oct. 20 criticized Beijing in […]
BEIJING—China fired a fresh regulatory shot at its tech giants on Monday, telling them to end a long-standing practice of blocking each other’s links on their sites, or face consequences. The comments, made by the Ministry of Industry and Information Technology (MIIT) at a news briefing, mark the latest step in Beijing’s broad regulatory clampdown on […]
The Chinese Communist Party is reining in its tech companies. But is it for control, finance, or politics? We speak with Riley Walters, deputy director of the Japan Chair at the Hudson Institute. He is an expert on macroeconomics. We learn more about the reason why Chinese leader Xi Jinping and his government would want […]
HONG KONG—A Chinese public-interest group said on Tuesday it is suing Tencent over what it alleges is inappropriate content for minors in the top global game developer’s flagship video game, Honor of Kings. Beijing Teenagers Law Aid And Research Center said it filed the lawsuit in a Beijing court on Tuesday, to mark the implementation […]
Pony Ma, the reticent founder of Tencent Holdings, China’s biggest social media and video games company, met with China’s antitrust watchdog officials this month to discuss compliance at his group, two people with direct knowledge said.
Chinese tech giant Tencent made a series of deals with the British Broadcasting Corporation (BBC) to co-produce some of the broadcaster’s flagship programs, including Sir David Attenborough’s Blue Planet II, according to The Daily Telegraph newspaper. Tencent allegedly received money from the Chinese regime’s intelligence agency, and its app WeChat is accused of censoring politically […]
