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The rules aimed at curbing anti-competitive behaviour such as sharing sensitive consumer data, takes effect immediately.
HONG KONG (Reuters) - Kuaishou Technology surged three-fold in its Hong Kong stock market debut on Friday to become the fifth-largest listed company in the city, driven by massive demand from mom-and-pop investors for the Chinese online video service operator.
The ByteDance rival has relied heavily on exclusive clans of video streamers to drive traffic. Experts say grooming smaller individual streamers is essential to diversifying Kuaishou’s reach.
In the past, few plaintiffs have successfully won cases relating to abuse of market dominance, says an analyst. The legal environment for monopoly cases could be set for change after Beijing named antitrust as one of its top agenda issues for 2021.
The Communist Party mouthpiece says online platforms should work with the government to eradicate fake clicks and views. China recently issued new rules banning the artificial inflation of Internet traffic, but experts say enforcement remains a challenge.
It apparently costs US$1,650 (RM6,687) a month to rent but doesn’t have a toilet or an oven: TikTok users are going crazy over a video captioned New York’s “worst apartment ever”.
The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, joining the rush of uber-wealthy clans toward the South-East Asian financial hub.
(Reuters) - China's Alibaba Group Holding Ltd beat estimates for third-quarter revenue on a pandemic-driven jump in e-commerce, but its shares dropped amid regulatory heat for founder Jack Ma's business empire.
SINGAPORE (Reuters) - Offline messaging app Bridgefy said it was downloaded more than 600,000 times in a few hours in Myanmar, after the country's military seized power on Monday and temporarily disrupted internet traffic.
The 39-year-old suspect, an English teacher at a tutorial centre in Tuen Mun, was detained at his home in Tin Shui Wai. The tutorial centre fired him on Sunday and police have seized his computer to check for child pornography.