Chinese Regulation

2022.01.17

04:50

China's Tencent unveils "limited playtime schedule for minors" for 2022 winter break

Asian Tech Press (Jan 17) -- Tencent Games has announced that minors can play for up to 14 hours during the 2022 Winter and Spring Festival holidays.

2021.12.22

03:02

Alibaba Cloud suspended from cooperating with China's technology industry regulator

Asian Tech Press (Dec 22) -- China's Ministry of Industry and Information Technology Network Security Administration previously informed that Alibaba Cloud Computing Co., Ltd. is a cooperative unit of the Ministry of Industry and Information Technology Network Security Threat Information Sharing Platform.

2021.10.26

04:14

New Oriental's Koolearn to cease K9 subject-based tuition business in Mainland China

Asian Tech Press (OCT 26) -- Koolearn Technology Holding (HKEX: 01797), a subsidiary of New Oriental Education & Technology Group (NYSE: EDU), announced that in accordance with new regulations and to ensure that the Group and its operations are in full compliance with all applicable legal and regulatory requirements, the Board of Directors of the Company has decided that the Group will cease to operate the subject-based off-campus tuition services provided to students from kindergarten to grade 9 (K-9) in Mainland China for the compulsory education level. The termination is expected to be effective by the end of November 2021.

2021.09.06

05:52

China's JD.com bans 87 games, including Animal Crossing, Call of Duty

Asian Tech Press (SEP 06) -- On September 2, JD.com released an announcement saying that according to China's Interim Measures for the Management of Online Games and Regulations on Publication Management, games that have not been approved and documented shall not be sold in JD.com Mall in the future. According to the list published by JD.com, 87 games were banned.

2021.08.12

04:38

Pony.ai puts U.S. listing plans on hold due to China's tech crackdown

According to Reuters, self-driving startup Pony.ai has put on hold its plans to go public in the U.S. through SPAC at a valuation of $12 billion, people familiar with the matter said.

2021.08.09

07:44

VIPKid to Cease Selling Foreign-Based Tutoring Courses to Students in China

VIPKID, a leading online English education provider for children, announced Saturday evening that it will no longer sell new lesson packages involving foreign teachers from Aug. 7 and will no longer renew lessons involving foreign teachers for existing users from Aug. 9, following the implementation of China's "double reduction" policy aimed at reducing the burden on students and easing financial pressures on families that have contributed to low birth rates.

2021.08.02

04:18

New Oriental Education cancels scheduled board meeting and earnings release

A strict regulatory policy was announced in China to reduce the burden of students in compulsory education, leading to huge shocks for out-of-school training institutions. Stock prices of listed companies plummeted, and market value lost hundreds of billions.

2021.07.11

15:26

Weibo privatization may pave way for shareholder Alibaba's exit

Asian Tech Press -- Rumors say Weibo Corp. (NASDAQ: WB), China's Twitter-like platform, its privatization could pave the way for the exit of its second-largest shareholder Alibaba Group Holding Ltd (BABA: NYSE).

2021.07.06

13:17

US-listed Chinese tech stocks may suffer heavy blow

Asian Tech Press -- China has tightened regulation of U.S.-listed Chinese stocks, triggered by a series of concerns about Chinese technology companies going public in the United States.

2021.06.02

04:57

China fines 15 educational firms record $5.72 million for false advertising and pricing fraud

China's market regulator announced a record fine of 1, 36.5 million yuan (5.72 million) imposed on 15 educational firms at a press conference held on June 1.

2021.05.13

10:40

Opinion: Tesla spurs China to draft rules to secure car data

(Asian Tech Press)The Chinese government on Wednesday posted a draft for public comment on regulations on car data, following a social media storm caused by the woman denouncing Tesla's brake failure at the Shanghai Auto Show.

2021.04.29

10:50

Tencent could get fined $1.54 billion in China's antitrust crackdown

According to Reuters, China is preparing to impose a sizable fine on Chinese tech giant Tencent Holdings Ltd (700:Hong Kong, TCEHY: OTC US), expected at $1.54 billion.

2021.04.22

12:00

Tesla trademarks are up for grabs for registration in China

Data show that in 2021, a total of 905 Tesla-related trademarks are currently applied for registration in China, including trademarks such as Tesla, Tes(la) pulling noodles, Tesla aluminum, Tesla lightning ball, etc.

04:01

Tesla to provide Chinese regulators with driving data of female owner protesting at Shanghai Auto Show

For the protests denouncing Tesla brake failure at the Shanghai Auto Show, Chinese regulators asked Tesla to provide the female owner's driving data to cooperate with the investigation.

2021.04.16

01:03

Ant group asked by authorities to transfer financial operations to new financial holding company

Alibaba is not completely out of the woods yet. Besides the record $2.8bn fine, Alibaba's Ant Goup was also told to transfer all financial operations to a new financial holding company and to subject them to strict monitoring and supervision.

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