Government Regulation

2024.08.15

08:10

U.S. regulator discloses $60 million fine against T-Mobile

Asia Tech Wire (Aug 15) -- The Committee on Foreign Investment in the United States (CFIUS) said Wednesday that it fined T-Mobile $60 million earlier this year for failing to prevent or disclose unauthorized access to certain sensitive data.

2022.03.23

04:31

China regulators ask Alibaba, Baidu, some US-listed firms to prepare for audit disclosures

Asian Tech Press (Mar. 23) -- Chinese regulators have required some of the country's US-listed companies such as Alibaba, Baidu and JD.com to prepare for more audit disclosures.

2021.09.28

06:57

China to implement nationwide electronic ID authentication for minor gamers

Asian Tech Press (SEP 28) -- According to the official website of the State Council of China, the State Council recently issued the "China Children's Development Plan (2021-2030)" (hereinafter referred to as the children's plan).

2021.09.06

06:54

Binance to stop some product and service offerings in Singapore

Asian Tech Press (Sep 6) -- Binance, the world's biggest cryptocurrency trading platform, announced on Sunday that it will cease some products and offerings in Singapore.

03:40

PlayStation Network China Updates Restrictions on Minors

Asian Tech Press (SEP 06) -- China's recent crackdown on online video games has limited the amount of time underage users can play online games to 3 hours per week.

2021.09.01

10:48

South Korea passes "Anti-Google law"

Asian Tech Press (Sep 1) -- South Korea's parliament passed an amendment to the Telecommunications Business Act on Tuesday that would make the country the first to restrict the mandatory commissions that Google and Apple's app stores charge software developers.

09:27

Tencent announces to give up exclusive music rights after Beijing's order

Asian Tech Press (Sep 1) -- Tencent Music Entertainment Group (NYSE:TME), the music streaming arm of Tencent Holdings Ltd (700: Hong Kong), announced Tuesday that it has given up its exclusive music licensing rights after Chinese regulators issue an order.

2021.08.30

11:25

NetEase stocks plunges over 7% after China issues regulations of online gaming

Asian Tech Press (Aug 30) -- Shares of Chinese gaming giant NetEase Inc (NTES: NASDAQ GS) plunged more than 7% after China's state-run Xinhua News Agency issued news that China has introduced stricter online gaming regulations to prevent minors from indulging in online games.

2021.08.27

12:12

China may ask all cloud platforms to access state-owned clouds

Asian Tech Press (Aug 27) -- China requires all cloud platforms to have access to state-owned clouds, a measure that facilitates industry consolidation and and data security, which is set to be released next week , according to people familiar with the matter.

10:32

Beijing cracks down on "chaotic" fandom culture, may affect Weibo's stock price

Asian Tech Press (Aug 27)-- China has further strengthened the governance of "chaotic" fandom culture, with the Cyberspace Administration of China (CAC) issuing a notice Friday calling for eliminating all charts involving individual celebrities or groups, and strictly prohibiting any new or disguised individual charts and related products or features. Only music, film and TV works can be kept on the charts, but the names of celebrities and other personal logos are not allowed to appear.

04:53

S.Korean watchdog fines Facebook $5.51 million for privacy violations

Asian Tech Press (Aug 27) -- South Korea's Personal Information Protection Commission decided on Wednesday to levy fines totaling about 6.7 billion won ($5.73 million) against Facebook Inc. and Netflix Inc. for privacy violations, KBS World reported on Thursday.

2021.08.17

05:02

State-owned firm takes stake, board seat in ByteDance's key China entity

Asian Tech Press -- A Beijing-based state-owned firm, which takes a 1% stake in ByteDance's key China entity, is rumored to have a board seat in the entity.

2021.08.12

11:43

China to step up review on online insurance sector

Asian Tech Press -- China's banking and insurance regulator decides to tep up review and carry out a special campaign to regulate online insurance sector.

2021.08.06

08:37

Alibaba warns investors of Beijing's plans to cut tax breaks for Internet firms

Asian Tech Press -- Chinese Internet giant Alibaba Group Holding Ltd (BABA: NYSE) warns investors that Beijing will reduce tax breaks for Internet companies, according to the latest report from Bloomberg.

2021.07.30

10:30

U.S. SEC stops Chinese firm IPOs over risk disclosures

(Reuters) - The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) and other sales of securities by Chinese companies while it crafts new guidance for disclosing to investors the risk of a new regulatory crackdown by Beijing, according to people familiar with the matter.

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