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News roundup: Twitter announces new bug bounty programme, Huawei to invest $100 million in Asia Pacific startups, Amazon accused of breaking US employment laws, and more

News roundup: Twitter announces new bug bounty programme, Huawei to invest $100 million in Asia Pacific startups, Amazon accused of breaking US employment laws, and more
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Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps $60B


BusinessWorld
August 5, 2021 | 12:03 am
Economic Information Daily cited Tencent’s
Honor of Kings in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China’s biggest state-run news agency, Xinhua.
The broadside re-ignited investor fears about state intervention after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth.
“They don’t believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,” said Ether Yin, partner at Trivium, a Beijing-based consultancy. ....

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