Industry Keyword: Weibo
Online Marketplaces
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...
Communication & Collaboration
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...
Social Networks
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...
Application Platforms
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...
Social Networks
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...
Application Platforms
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...
Sharing Economy
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...
Social Networks
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,...
Technology Platforms
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...
FinTech Platforms
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...
App Stores
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...
App Stores
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...