The notoriously secretive Chinese government is cracking down on online censorship this week with a new law that requires online video hosts to register with the government, reports the Wall Street Journal (paywall). The law was enacted last week but wasn’t made public until yesterday, after huge media reports on it. It requires social media platforms such as Weibo and Tencent’s QQ to register with the government and post an annual report on how often they remove content and the techniques they use to do so. The law also requires online content hosts to store user data on Chinese servers.
China is the world’s largest producer of smartphones and has a vested interest in maintaining its domestic smartphone market. But what happens when that market starts to slip? This is something that China is going to have to get used to. On Saturday, China’s top court issued a ruling that effectively banned all foreign companies from selling their smartphones within the country. China is already the world’s largest smartphone market, and the ruling means that it will soon become the only smartphone market in the world.. Read more about china tech industry and let us know what you think.
A Meituan employee scans his face with his phone before starting work. The food delivery giant faces an antitrust investigation by China’s top market regulator.
Social media influencer and grandmother Ruan Yaqing records a video in a Beijing park for her channel on Douyin. Video sharing app is one of the apps that regulators are taking to task for inappropriate data collection.
Photo: Greg Baker/Agence France-Presse/Getty Images According to Zhang, local governments have also become more involved in technology platforms. Shanghai’s market regulator recently fined Ele.me, Alibaba’s delivery app, 500,000 yuan, equivalent to about $78,000, for violating China’s food pricing and safety laws. Alibaba did not respond to a request for comment. The Shanghai Consumer Protection Committee said it has questioned Meituan and the e-commerce company. Pinduoduo Inc. in May for allegedly misleading online claims, product quality and non-delivery. Meituan and Pinduoduo did not respond to requests for comment.
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How do you think China’s attempts to clean up its technology sector will play out? Join the discussion below. Chinese regulators have also called on the country’s citizens to cooperate in monitoring the behavior of technology companies. Regulators have indicated in their announcements that many of the recent warnings were based on user complaints. These complaints have been coming for some time and it was inevitable that measures to protect consumers and SMEs would follow, he said. François Renard, Partner and head of Allen & Overy’s antitrust practice in Greater China. What’s impressive, of course, is that this is all happening at the same time. Last month, eight government agencies, including China’s Ministry of Transport and Ministry of Public Security, summoned eight transportation companies, including giants Didi Chuxing Technology Co. and Meituan, in response to growing public concern over drivers’ rights.
China restricts the activities of technology companies
Related documents selected by the editors Didi did not respond to a request for comment. The company has described its pricing mechanisms in detail in WeChat Post in May and thanked the public for their comments and criticisms. Tech companies have responded to these allegations by promising to be good corporate citizens. In a conference call on 28. Mei, Meituan’s CEO Wang Xin. said the company had assembled a team to work with regulators in the investigation and remained committed to social responsibility. According to a document released Thursday, Mr Wang transferred shares worth HK$17.3 billion, or $2.3 billion, to his personal fund. The donations will be used to fund education and research projects, Meituan said. April, Tencent Holdings Ltd. TCEHY 1.53 Director-General Pony Ma. said the company will allocate $7.7 billion to fund projects related to the public good, rural renewal and carbon neutrality, among others. The games and social media giant has been condemned by regulators this year for, among other things, financial services risks and failing to properly account for past acquisitions. If we use our technology and products to achieve greater societal benefit, I think we will be better received overall by our users, customers, government and employees, he said. Martin Lau, Tencent’s chairman, when the results were announced last month. -Keith Zhai and Raffael Huang contributed to this article. Email Stephanie Young at [email protected] Copyright ©2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8According to a recent report from the Wall Street Journal, China is using its growing tech sector as a political weapon. The country is clamping down on a number of companies, including those that provide a wide range of tech products—from internet tools to game consoles—that the government deems to be fundamentally against the interests of the country’s ruling Communist Party.. Read more about australia-china dispute and let us know what you think.
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