China Internet Crackdown

Chinese police have shut down 34,000 online accounts and punished more than 6,300 people for allegedly spreading rumours as part of a crackdown launched in April, state media reported on Friday.

Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.

Alibaba said the biggest restructuring in its 24-year history would see it split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group.

Tencent is planning to host a Valorant esports tournament as the FPS game rolls out in China, following a two-year industry crackdown. Talks are in their initial stages and Tencent could push back its timeline from its predicted summer window. A Valorant league should help kickstart competitive online gaming in China after pandemic restrictions and...

People flaunting their wealth, overeating and drinking in excess are also being targeted by the authorities.

China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...

Tencent on Monday revealed that it had fired over 100 employees found guilty of bribery and embezzlement, an announcement that comes as the company struggles under a broad regulatory crackdown on China's tech sector initiated in late 2020. More than a hundred employees were guilty of violating Tencent's anti-fraud policy and one employee was found ...

China has successfully resolved the problem of game addiction among its youth, the country's top gaming industry association said in a report. Last year, regulators introduced rules to curb game addiction, barring anyone under 18 from playing video games for more than three hours a week. The move came as part of a broad regulatory crackdown against...

Tencent on Wednesday reported a drop in revenue to CNY 134 billion (roughly Rs. 1,57,000 crore) in the second quarter, compared to the year before. In the first drio in revenue since the company went public, the firm said profits plunged by 56 percent to CNY 18.6 billion (roughly Rs. 21,800 crore). Tencent also cut around 5,500 jobs down to 110,71...

The US is considering limiting American chipmaking equipment to China-based chip makers like Yangtze Memory Technologies Co Ltd (YMTC) in a move that is said to be aimed at halting China's semiconductor sector advances and protect US companies Western Digital and Micron, which together represent about a quarter of the NAND chips market.

Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.

China has cracked down on counterfeit investment platforms, as part of the country’s campaign to target telecom network crime, the country’s cyberspace regulator said on Friday. According to the Cyberspace Administration of China, over 42,000 apps had been targeted since the start of last year, while the number of telecom fraud cases in China i...

China on Saturday ordered internet platforms to step up governance of how under-18s use their livestreaming services as part of an ongoing regulatory crackdown on the booming sector.

Chinese social media giants are withholding the operations of NFT platforms in the country. The development is the result of China’s continuous clampdown on crypto-related activities, without having specified if NFT activities are permitted or not. NFT players like Xihu No.1, Dongyiyuandian, and WhaleTalk are reportedly facing consequences.

Alibaba and Tencent, two of China’s biggest conglomerates, are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the Internet firms try to cope with China's sweeping regulatory crackdown, sources said.

Chinese police have shut down 34,000 online accounts and punished more than 6,300 people for allegedly spreading rumours as part of a crackdown launched in April, state media reported on Friday.

Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.

Alibaba said the biggest restructuring in its 24-year history would see it split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group.

Tencent is planning to host a Valorant esports tournament as the FPS game rolls out in China, following a two-year industry crackdown. Talks are in their initial stages and Tencent could push back its timeline from its predicted summer window. A Valorant league should help kickstart competitive online gaming in China after pandemic restrictions and...

People flaunting their wealth, overeating and drinking in excess are also being targeted by the authorities.

China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...

Tencent on Monday revealed that it had fired over 100 employees found guilty of bribery and embezzlement, an announcement that comes as the company struggles under a broad regulatory crackdown on China's tech sector initiated in late 2020. More than a hundred employees were guilty of violating Tencent's anti-fraud policy and one employee was found ...

China has successfully resolved the problem of game addiction among its youth, the country's top gaming industry association said in a report. Last year, regulators introduced rules to curb game addiction, barring anyone under 18 from playing video games for more than three hours a week. The move came as part of a broad regulatory crackdown against...

Tencent on Wednesday reported a drop in revenue to CNY 134 billion (roughly Rs. 1,57,000 crore) in the second quarter, compared to the year before. In the first drio in revenue since the company went public, the firm said profits plunged by 56 percent to CNY 18.6 billion (roughly Rs. 21,800 crore). Tencent also cut around 5,500 jobs down to 110,71...

The US is considering limiting American chipmaking equipment to China-based chip makers like Yangtze Memory Technologies Co Ltd (YMTC) in a move that is said to be aimed at halting China's semiconductor sector advances and protect US companies Western Digital and Micron, which together represent about a quarter of the NAND chips market.

Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.

China has cracked down on counterfeit investment platforms, as part of the country’s campaign to target telecom network crime, the country’s cyberspace regulator said on Friday. According to the Cyberspace Administration of China, over 42,000 apps had been targeted since the start of last year, while the number of telecom fraud cases in China i...

China on Saturday ordered internet platforms to step up governance of how under-18s use their livestreaming services as part of an ongoing regulatory crackdown on the booming sector.

Chinese social media giants are withholding the operations of NFT platforms in the country. The development is the result of China’s continuous clampdown on crypto-related activities, without having specified if NFT activities are permitted or not. NFT players like Xihu No.1, Dongyiyuandian, and WhaleTalk are reportedly facing consequences.

Alibaba and Tencent, two of China’s biggest conglomerates, are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the Internet firms try to cope with China's sweeping regulatory crackdown, sources said.