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Chinese tech giant Tencent said it has made peace with the country's best-known chilli oil maker Lao Gan Ma, after an advertising scam that bewildered many and generated a public relations nightmare.
Tencent Holdings Ltd is in talks to acquire Hong Kong-listed Leyou Technologies Holdings Ltd, people familiar with the matter said, joining potential suitors including Sony Corp in a battle for the Chinese gaming firm.
Almost a quarter of the videos TikTok took down in 2019’s second half involved inappropriate behaviour by minors, from illegal drug use to sexual activity.
Bytedance Ltd said it’s evaluating changes to the corporate structure of its TikTok business as US concerns grow over the parent company’s Chinese origins.
Social media app TikTok said on July 9 it removed more than 49 million videos from its platform in the second half of last year for violating its guidelines.
ByteDance Ltd’s TikTok is no longer available to download for either iPhones or Android devices in Hong Kong, exiting the market just days after the passage of a new national security law by Beijing.
Alibaba overtakes Facebook as world’s sixth-most valuable company after shares soar by 10% in Hong Kong
Alibaba’s shares rose 10% in Hong Kong to a record HK$261.60, after advancing 9% in New York overnight to US$257.68. That gives the Hangzhou-based technology company nearly HK$5.614tril (US$720bil) in market value, more than Facebook’s US$694.53bil in capitalisation.
Viral video platform TikTok’s withdrawal from Hong Kong is a savvy commercial move that sidesteps thorny privacy issues but it will not shield the app completely from accusations of collusion with China, experts say.
China has punished video platforms including Alibaba-backed Youku and Baidu-backed iQiyi for carrying “low taste” content in a renewed effort to clean up the Internet, a pornography watchdog said.
As TikTok competitors swoop in amid global pushback, is the short video app losing its ‘first mover advantage’?
In the week after India banned TikTok, negative sentiment against the app on social media rose to 80% on average from 55% a week before. Meanwhile, Indian alternatives are gaining traction and Western apps are also launching short video features.