China’s cyberspace regulator said on Wednesday children under the age of 18 should be limited to a maximum of two hours a day on their smartphones, sending shares in tech companies tumbling. The Cyberspace Administration of China (CAC) said it wanted providers of smart devices to introduce so-called minor mode…
China’s cyberspace regulator said 1.4 million social media posts have been deleted following a two-month probe into alleged misinformation, illegal profiteering, and impersonation of state officials, among other “pronounced problems”. The Cyberspace Administration of China (CAC) said in a statement on Friday it had closed 67,000 social media accounts and…
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world’s largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion…
WeChat has added in-app support for China’s e-CNY CBDC in order to get more nationals to use the digital currency. Owned by tech giant Tencent, WeChat is China’s equivalent to WhatsApp, offering an array of social networking mediums as well as a bank-to-bank payment option. As per statistics tracker Oberio,…
On a hot summer’s day last year, the 90’s boy band Backstreet Boys clambered on to a stage in Pennsylvania and belted out hits as 44 million viewers tuned in from thousands of miles away for the online concert hosted by China’s WeChat Channels. The show is just one of…
Why is Elon Musk suddenly thinking about creating an “everything app,” and what does that even mean? The question arose after the billionaire Chief Executive of Tesla earlier this month reversed course on his decision not to buy Twitter. Musk completed his $44 billion (nearly Rs. 3,62,300 crore) acquisition of…
China’s top internet watchdog said on Friday that tech giants such as Tencent and Alibaba have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The rules are part of a broad regulatory crackdown by Beijing against…
A group of six Republican senators on Friday asked the US Treasury Secretary Janet Yellen about an ongoing Biden administration national security review of social media platform TikTok. The US government’s Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security…
After a public crackdown by the Chinese government on anything that has to do with cryptocurrency, one of China’s most popular instant messaging and calling apps in WeChat has now banned crypto-related accounts on its platform. As suggested by reports, accounts that issue, trade, and finance crypto and non-fungible tokens…
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