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Industry Keyword: Weibo

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Alibaba creates virtual idol to promote Olympics merchandise

Chinese e-commerce giant Alibaba Group Holding has released a virtual idol promoting the 2022 Beijing Olympics, riding on a trend that has swept China. Named "Dong Dong," the virtual idol, a computer-generated character, is "a...

China targets online platforms in quest to ‘clean up’ internet

China will scrutinise online platforms such as social media networks and video-sharing sites to clamp down on fake accounts and information as part of its drive to "clean up" the internet, the country's cyber...

Weibo fined by Chinese regulator for publishing illegal information

Chinese social media platform Weibo has been slapped with a 3 million yuan (approximately $470,000) fine by China's internet regulator for repeatedly publishing illegal information. The Cyberspace Administration of China (CAC) said Weibo had violated...

Chinese content platforms pledge self-discipline

Chinese content platforms including Weibo and Tencent Video have agreed to enforce more self-discipline to help maintain a "clear" cyberspace environment, a government-affiliated industry association has said. Chinese regulators last month cracked down on what...

Chinese social media platforms to “rectify” financial self-media accounts

China's top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, have said they would begin to rectify irregular practices of "self-media" accounts that publish financial information, reported state media Global Times. This follows an...

China steps up tech scrutiny with rules over unfair competition, critical data

China has moved to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies' handling of critical data. Beijing has been firming its grip on internet platforms in recent...

China’s Didi improves pay transparency for drivers

Didi Global Inc has said it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused...

Weibo chairman, state firm plan to take China’s Twitter private

Nasdaq-listed Weibo Corp's chairman and a Chinese state investor plan to take China's answer to Twitter private, sending its shares as much as 50% higher. A deal could value Weibo at more than $20 billion,...

China’s Ant highlights distinction between NFTs and cryptocurrencies

China's Ant Group has sought to draw a distinction between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion. Ant, the Jack Ma-controlled FinTech...

China blocks several cryptocurrency-related social media accounts

A slew of crypto-related accounts in China's Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining. More actions are expected, including linking illegal crypto activities...

Chinese users flock to US chat app Clubhouse to evade local censors

Invite-only audio app Clubhouse is attracting masses of new users from mainland China, where the US app remains uncensored by authorities despite flourishing discussions on rights, national identity and other sensitive topics. US social media...

Alibaba to shut down Xiami music app next month

Alibaba Group will shut its audio streaming platform Xiami Music following month, in a move that marks a step back from its ambitions to push into China's entertainment industry. "Due to operational adjustments, we will...