NewslettersDaily Digest | Tencent quakes on state media takesChinese state media labels video games as “spiritual opium.” 2 mins read
Tencent has proposed changes to gameplay limitations in Honor of Kings, the top-grossing game worldwide for multiple months this year. NewsChina has the world’s tightest rules for video games, and they may get even stricter3 mins read
Two US-listed edtech companies, New Oriental and TAL Education, will not disclose quarterly financial results for the three months ended June 30. NewsChinese edtech giants cancel earnings releases amid government crackdown2 mins read
The company is investing all of its excess profits in key technologies and products. NewsAlibaba misses Q2 revenue target, invests in diversified retail and consumption formats2 mins read
Binance feels the squeeze in Southeast Asia. NewslettersDaily Digest | Malaysia balks at Binance1 min read
The country’s video games sector is the latest target of Chinese authorities. NewsState media blasts Chinese online games as ‘spiritual opium,’ sends shares of game companies in freefall2 mins read
Autonomous trucks may be on the road in China by the end of 2021. NewsSelf-driving truck developer Inceptio Technology raises USD 270 million from JD and Meituan1 min read
Foreign languages, study abroad, and vocational training among new focus areas. InsightsChina’s cram schools scramble out of tutoring as crackdown looms4 mins read
The startup proactively tests and audits IT networks’ safety and performance to optimize efficiency and cut costs. NewsIT performance analysis startup PerfMa closes Series B to keep networks humming2 mins read
NewsDeals in brief: Qoala, StealthMole, and Applecrumby secure funding, HSBC unveils USD 1 billion growth fund, seven China deals, and more