Page 41 - Douyu News Today

As China’s market and cybersecurity regulators crack down hard on a variety of online companies and corporations that operate both at home and overseas, one company that managed to apparently avoid the fracas was TikTok owner ByteDance. While the company was seemingly moving towards the possibility of an IPO in U.S. markets, it took note of a warning from Chinese regulators ahead of the ongoing government efforts and put those plans on hold for the time being. ByteDance’s decision to back o...

By Syndicated Content By Pei Li HONG KONG (Reuters) – China’s antitrust regulator is poised to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels, two people with direct knowledge of the matter said on Monday. The penalty, plus a 500,000 yuan ($77,150) fine for misreporting the acquisition of two apps, is the culmination of an investigation by the State Administration of Market Regulation (SAMR) into Tencent Music Entertainmen...

By Pei Li HONG KONG (Reuters) - Chinas antitrust regulator is poised to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels, two people with direct knowledge of the matter said on Monday. The penalty, plus a 500,000 yuan ($77,150) fine for misreporting the acquisition of two apps, is the culmination of an investigation by the State Administration of Market Regulation (SAMR) into Tencent Music Entertainment Group, Chinas dominant music streaming c...

July 12, 2021 published at 5:28 AMReuters The penalty plus a 500,000-yuan fine is the culmination of an investigation by Chinese authorities into Tencent Music Entertainment Group. Reuters HONG KONG  - Chinas antitrust regulator is poised to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels, two people with direct knowledge of the matter said on Monday (July 12). The penalty, plus a 500,000 yuan (S$104,400) fine for misreporting the acquisition o...

Pei Li 4 minute read The logo of Chinas Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration HONG KONG, July 12 (Reuters) - Chinas antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd (0700.HK) to give up exclusive rights to music labels which it has used to compete with smaller rivals, two people with knowledge of the matter said on Monday. The State Administration of Mar...

China News Service via Getty Ima Chen Chao/China News Service/Getty Images Tourists play mahjong in water to escape summer heat at a water park on July 10 By Nectar Gan, CNN Editor’s note: CNN has launched the Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. One of China’s wandering elephants has finally made it home. The herd of wild Asian elephants shot to fame last month while embarking o...

China antitrust regulator blocks Tencent gaming site merger Today 05:35 am JST Today | 06:23 am JST BEIJING Chinas financial regulator has blocked a merger of the nations two largest video game live-streaming sites planned by tech giant Tencent over antitrust concerns, it said Saturday. Beijing has launched a major crackdown on the biggest players in its tech sector after years of runaway growth and lax regulation, partly due to fears over their growing influence and the secu...

July 10, 2021 Share China’s regulator ordered the removal from app stores of 25 apps owned by Didi Global Inc., the country’s largest ride-hailing service, citing severe violations of rules against collecting personal data. The Cyberspace Administration of China had already taken down the main Didi app last Sunday, pending a cybersecurity review, after it debuted on the U.S. stock market last week. The 25 additional apps include Didi Enterprises, as well as ones designed for Didi dr...

Turn on desktop notifications for breaking stories about interest? OffOn Chinese regulator halts Huya-Douyu game-streaming merger China’s market regulator has blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation By ZEN SOO AP Technology Writer July 10, 2021, 9:06 AM • 3 min read The Associated Press An app store page showing the apps Huya and Douyu is seen on a screen in Beijing on Saturday, July 10, 2021. Chinas market...

China Watchdog Rejects Tencent-Led Game Streaming Deal Bloomberg 6 hrs ago © Bloomberg The Billion Dollar Race to Become Chinas Amazon Twitch (Bloomberg) -- Chinese regulators rejected Huya Inc.’s proposal to acquire rival DouYu International Holdings Ltd., killing a deal that would have helped cement Tencent Holdings Ltd.’s lead in video game-streaming. Popular Searches The deal wasn’t approved because it would strengthen Tencent’s dominance in China’s game streaming market, giv...