The platform has been repeatedly targeted by regulators for its lack of content restrictions.

China’s central bank may fine Tencent hundreds of millions of yuan.

With China’s watchdogs keeping a close eye on the tech giant, Tencent is hoping that more strategic investments will prove lucrative.

Nearly 4 million people have signed up as gig drivers on ride-hailing platforms as of January 2022.

All financial and business entities must review their balance sheets and report their ties to the Alibaba affiliate.

Competitors have eaten into Didi’s market share after it was removed from app stores in China last year.

More than 14,000 video game companies shut down between July and December 2021.

Aside from an overhaul in license review processes, the platforms will also need to improve their drivers’ compensation and welfare.

Conglomerates like Alibaba, Tencent, Baidu, and more may follow suit.

Ant Group, Alibaba’s fintech affiliate, has undergone many changes to adhere to new regulations.