China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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682 articles matching the search query.
China Tech Stocks Meituan, Alibaba Jump After Tencent Share Buyback
Chinese technology stocks rallied to their highest level in more than a month after a new round of share buybacks by Tencent Holdings Ltd boosted market sentiment.
September 7, 2021 Source: Bloomberg
China Finance Regulators Pledge to Tighten Supervision
Chinese officials pledged to tighten supervision in the financial services industry, suggesting a recent regulatory onslaught on the private sector that sent shock waves globally is not over yet.
September 4, 2021 Source: Bloomberg
Alibaba earmarks US$15.5 billion to help China close nation’s wealth gap
The move follows a call last month by Chinese President Xi Jinping for companies to “adjust” high income levels, in a prod for wealthy individuals and companies to “give back to society”.
September 2, 2021 Source: South China Morning Post
China’s gaming giants rush to comply with Beijing’s time limit for kids
Tencent rolled out an update to its signature mobile game Honour of Kings to comply with the new rule, while its esports arm TJ Sports said it would overhaul its tournaments.
September 1, 2021 Source: South China Morning Post
China gaming stocks rally despite regulators limiting kids' playing time
Chinese regulators announced that minors would only be allowed to play online games for three hours a week, a dramatic tightening of previous regulations.
September 1, 2021 Source: CNBC
Tencent officially ends exclusive music licensing as rivals jump in
Tencent Music said its exclusive licensing deals with labels had come to an end as of August 23, as ordered by China’s antitrust watchdog, opening the door to rivals.
September 1, 2021 Source: South China Morning Post
Tencent Snapped Up by China Traders After Two-Month Selloff
Chinese investors piled back into beleaguered Tencent Holdings Ltd. in August, braving a relentless tech crackdown from Beijing that almost halved its stock price.
August 31, 2021 Source: Bloomberg
China’s hard stance on video gaming puts spotlight on grey market
China’s tightened limits for kids’ gaming time is expected to steer young people to find alternative platforms on which to play without restriction.
August 31, 2021 Source: South China Morning Post
Factbox: From tech to education, China's season of regulatory crackdown
China has launched a multi-pronged crackdown on its tech companies, leaving startups and decades-old firms alike operating in a new, uncertain environment. Chinese regulators have slashed the amount of time players under the age of 18 can spend on online games to an hour of gameplay on Fridays, weekends and holidays, in response to growing concern over gaming addiction, state media said on Monday. China's State Administration of Market Regulation (SAMR) said on Monday it would further regulate the sharing economy, a sector which includes companies facilitating ride-sharing, bike-sharing, home sharing and even the pooling of battery packs for phones.
August 30, 2021 Source: YahooNews
China to Cleanse Online Content That ‘Bad-Mouths’ Its Economy
China kicked off a two-month campaign to crack down on commercial platforms and social media accounts that post finance-related information that’s deemed harmful to its economy.
August 28, 2021 Source: Bloomberg
Tencent Beefs Up Game Streaming Arm After China Kills Merger
Tencent Holdings Ltd. has begun re-deploying people and resources toward its own game streaming platform, after China blocked a merger that would have cemented the social media giant’s lead in a $3 billion sector.
August 25, 2021 Source: Bloomberg
Country Now Comes Before Profit For Companies in Xi’s China
China’s biggest companies are starting to make a habit out of giving away their earnings.
August 24, 2021 Source: Bloomberg
Tim Hortons China to Create Data Unit Amid Xi's Crackdown
The company running the Chinese business of Canadian coffee shop chain Tim Hortons is proposing a novel solution to address Beijing’s data security concerns as it seeks to go public in the U.S. through a blank check company.
August 24, 2021 Source: Bloomberg
Tencent-Backed Comics App Turns Unicorn in $240 Million Round
Kuaikan, a comics app backed by Tencent Holdings Ltd., has raised $240 million in a new funding round that elevated it to unicorn status, giving the company a boost as competition in China’s online entertainment arena intensifies.
August 23, 2021 Source: Bloomberg
BYD Chip Unit IPO Stalled as China Regulator Probes Adviser
The Shenzhen Stock Exchange said it’s suspended reviewing a share-sale application by BYD Co.’s chip unit following a regulatory probe of an adviser to the proposed initial public offering.
August 22, 2021 Source: Bloomberg
Even After $1.5 Trillion Rout, China Tech Traders See More Pain
Even a $1.5 trillion selloff may not provide an attractive entry point for equity investors as they grapple with cascading risks in China’s technology sector.
August 20, 2021 Source: Bloomberg
China Broadens Restrictions on Driver Data Gathered by Carmakers
China has broadened its crackdown on information gathered by automakers, as part of a wider campaign on how companies handle and protect user data.
August 20, 2021 Source: Bloomberg
Tencent answers call for ‘common prosperity’ with US$7.7 billion fund
The company says the fund will be used to boost the income of low-income groups, improve health care coverage, help rural economic development, and support grass roots education.
August 18, 2021 Source: South China Morning Post