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 grace period for maybe the next six months,” Linghao Bao, …
Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. Thomas White | Reuters In an unprecedented move, China has finalized regulation that governs the way technology companies can use recommendation algorithms, targeting the secret behind the success of many of the country’s giants. The rules, which were first floated last year, …
The Cyberspace Administration of China has issued draft regulations governing how mobile apps should operate. App providers should not use their software to engage in activities that endanger national security or disrupt social order, the rules say. Qi Yang | Moment | Getty Images China’s cyberspace regulator said Wednesday that developers launching apps that have the ability to influence public …
Kevin O’Leary Scott Mlyn | CNBC Celebrity investor Kevin O’Leary is investing in digital currencies, but he hasn’t done so lightly, telling CNBC that he’d prefer to consult with regulators on this space rather than be a “crypto cowboy.” O’Leary told CNBC’s “Capital Connection” on Tuesday that he preferred to consult with regulators before investing in cryptocurrency, in order to …
Jack Ma, founder of Alibaba Group, attends opening ceremony of the 3rd All-China Young Entrepreneurs Summit on September 25, 2020 in Fuzhou, Fujian Province of China. Lyu Ming | China News Service via Getty Images GUANGZHOU, China — Alibaba’s Hong Kong shares rallied as much as 9% on Wednesday following reports that its founder Jack Ma traveled to Europe and …
GUANGZHOU, China — Meituan shares surged over 7% on Monday, leading China technology stocks higher, after the food delivery giant was slapped with a fine as a result of an antitrust probe. On Friday, China’s State Administration for Market Regulation (SAMR) said Meituan abused its dominant position in the country’s online food delivery market. The market regulator said Meituan pushed …
Tencent Games shows off its latest titles at the China Joy gaming conference in Shanghai on Friday, July 30, 2021. Arjun Kharpal | CNBC GUANGZHOU, China — Shares of Tencent and Netease fell on Thursday morning after Chinese regulators called them and other gaming companies for an interview, reminding them of restrictions on game time for children. China’s propaganda department, …
Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. Thomas White | Reuters BEIJING — Chinese authorities are planning to restrict how companies use algorithms to sell products to consumers, a move analysts said likely runs counter to business interests and sets a precedent for other countries. China’s largest tech companies …
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a loan. The rule would help …
China’s National Press and Publication Administration said minors will only be allowed to play online games for up to three hours a week. That is a significant reduction from previous rules. Zhang Peng | LightRocket | Getty Images GUANGZHOU, China — Shares of China’s second-largest gaming company NetEase fell on Tuesday after regulators dramatically cut down the amount of time …
