The platform has been repeatedly targeted by regulators for its lack of content restrictions. NewsChinese internet regulator dispatches officials to Douban office for content overhaul2 mins read
China’s central bank may fine Tencent hundreds of millions of yuan. NewsTencent shares plunge on reports of money laundering violations and new rules on online usage caps for minors2 mins read
With China’s watchdogs keeping a close eye on the tech giant, Tencent is hoping that more strategic investments will prove lucrative. InsightsAmid regulatory crackdowns, Tencent takes a tactical approach to its investments6 mins read
Nearly 4 million people have signed up as gig drivers on ride-hailing platforms as of January 2022. NewsChinese ride-hailing and trucking platforms ordered to reveal pricing rules2 mins read
All financial and business entities must review their balance sheets and report their ties to the Alibaba affiliate. NewsChina’s state-owned enterprises to examine financial exposure to Ant Group, report says2 mins read
Competitors have eaten into Didi’s market share after it was removed from app stores in China last year. NewsDidi set to lay off 20% of staff as multiple business lines fail to meet expectations3 mins read
More than 14,000 video game companies shut down between July and December 2021. NewsChina’s refusal to approve new games forces gaming companies to cut staff2 mins read
Aside from an overhaul in license review processes, the platforms will also need to improve their drivers’ compensation and welfare. NewsChinese cargo delivery platforms are in the hot seat after failing to review driver credentials2 mins read
Conglomerates like Alibaba, Tencent, Baidu, and more may follow suit. NewsByteDance dissolves investment unit as China reportedly tightens venture oversight for internet firms2 mins read
Ant Group, Alibaba’s fintech affiliate, has undergone many changes to adhere to new regulations. NewsAnt Fortune’s investment vehicles taken offline mere days after launch2 mins read