-
China's 'Kim Kardashian' Banned From Social Media For Flaunting Wealth, Sparking Debate: 'Trend Of Luxury On The Internet Needs To Be Stopped'
Monday, May 27, 2024 - 2:50am | 638The Chinese authorities have banned a prominent social media influencer nicknamed “China's Kim Kardashian,” sparking a debate on the Xi Jinping-led government’s control over online content. What Happened: Wang Hongquanxing, a social media influencer known for his extravagant...
-
Alibaba's Hong Kong Shares Tumble After Softbank Share Sale Report, China's New Regulatory Proposals
Wednesday, April 12, 2023 - 10:25pm | 404Hong Kong-listed shares of Alibaba Group Holding Ltd (NYSE:BABA) were trading over 4% lower on Thursday morning. What Happened: Masayoshi Son-led SoftBank Group Corp (OTC:SFTBY) has reportedly moved to pare almost its entire stake in Alibaba Group, thereby limiting exposure to China. Also Read: How...
-
China Supports Blockchain Development, Continues Crackdown On Cryptocurrencies
Thursday, February 9, 2023 - 4:02pm | 422The Chinese government is setting its sights on blockchain technology with the establishment of the National Blockchain Technology Innovation Centre. What Happened: The centre based in Beijing will focus on developing key technologies and industrial applications within the realm of...
-
Sigh Of Relief For Alibaba, Tencent? China's Top Internet Regulator Seeks 'Affectionate' Relation With Tech Enterprises
Friday, August 19, 2022 - 6:24am | 350The Cyberspace Administration of China (CAC), the country’s cyber watchdog, intends to build an "affectionate" relationship between internet enterprises and the government, Reuters reported citing a senior official. The verbal assurance comes at a time when the industry is...