NewsAnt Group to shutter China’s largest mutual aid platform Xiang Hu Bao this weekXiang Hu Bao has issued payouts to 186,000 patients since its inception. 2 mins read
The company claims a glitch in its content screening system led to exploitative content being posted on its platform. NewsAuthorities fine Xiaohongshu RMB 300,000 for failing to protect minors2 mins read
Conglomerates like Alibaba, Tencent, Baidu, and more may follow suit. NewsByteDance dissolves investment unit as China reportedly tightens venture oversight for internet firms2 mins read
Ant Group, Alibaba’s fintech affiliate, has undergone many changes to adhere to new regulations. NewsAnt Fortune’s investment vehicles taken offline mere days after launch2 mins read
Viya, one of the most popular livestreamers in China, was fined USD 210 million. NewsAfter mega fine for China’s livestream queen, Taobao bears brunt in crackdown on internet celebrities3 mins read
Major tech companies have already clashed in court over the usage of clips lifted from TV shows and video games in short videos. NewsChina bars most short video creators from using movie and TV content2 mins read
Leading cultural platform under pressure from authorities and nationalists. NewsChina kicks social network Douban out of app stores2 mins read
Chinese President Xi Jinping keeps tight controls on tech companies ahead of party congress. NewsDidi delisting reflects Chinese worry over losing big data to US3 mins read
The company was penalized 20 times, with the total reaching RMB 9 million (USD 1.41 million) for the year to date. NewsDouban repeatedly slapped with fines for failing to censor content2 mins read
NewsDeals in brief: Qoala, StealthMole, and Applecrumby secure funding, HSBC unveils USD 1 billion growth fund, seven China deals, and more