Tech behemoth Tencent Holdings has been asked by the Chinese authorities to get approval from them for inspections before sending app updates, state broadcaster CCTV said.

According to reports, the company must submit any new apps or updates for inspection by the Ministry of Industry and Information Technology before they can be uploaded or updated.

The move from the Chinese government comes after nine of the group’s apps were found to have committed “violations” since the beginning of the year, prompting the need for “transitional administrative guidance measures”, CCTV quoted the government as saying.

"After passing inspection, they can then be launched to users as usual,” the ministry said, according to CCTV in a report Wednesday.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/hyundai-tencent-to-develop-software-for-driverless-cars-report-208310">Hyundai, Tencent to develop software for driverless cars: Report</a>

Meanwhile, Tencent told AFP that it would comply with the requirements.

“We are continuously working to enhance user protection features within our apps, and also have regular co-operation with relevant government agencies to ensure regulatory compliance. Our apps remain functional and available for download,” it said.

Also read |&nbsp;<a href="https://www.wionews.com/world/china-summons-alibaba-tencent-and-others-over-deep-fakes-internet-security-371351">China summons Alibaba, Tencent and others over 'deep fakes', internet security</a>

Tencent’s most popular apps include the instant messengers Tencent QQ and WeChat, and one of the largest web portals, QQ.com.

It also has a majority stake in popular games like PUNBG and Clash of Clans.

Chinese regulators have in over the past year mounted a wide-ranging crackdown on its tech giants, seeking to dismantle some of the industry's long-held practices after accusing them of monopolistic behaviour and infringing user rights.

This month, Tencent reported its slowest revenue growth since 2004.

(With inputs from agencies)

Tech behemoth Tencent Holdings has been asked by the Chinese authorities to get approval from them for inspections before sending app updates, state broadcaster CCTV said.

Tech behemoth Tencent Holdings has been asked by the Chinese authorities to get approval from them for inspections before sending app updates, state broadcaster CCTV said. According to reports, the company must submit any new apps or updates for inspection by the Ministry of Industry and Information Technology before they can be uploaded or updated. The move from the Chinese government comes after nine of the group’s apps were found to have committed “violations” since the beginning of the year, prompting the need for “transitional administrative guidance measures”, CCTV quoted the government as saying. "After passing inspection, they can then be launched to users as usual,” the ministry said, according to CCTV in a report Wednesday. Also read | Hyundai, Tencent to develop software for driverless cars: Report Meanwhile, Tencent told AFP that it would comply with the requirements. “We are continuously working to enhance user protection features within our apps, and also have regular co-operation with relevant government agencies to ensure regulatory compliance. Our apps remain functional and available for download,” it said. Also read | China summons Alibaba, Tencent and others over 'deep fakes', internet security Tencent’s most popular apps include the instant messengers Tencent QQ and WeChat, and one of the largest web portals, QQ.com. It also has a majority stake in popular games like PUNBG and Clash of Clans. Chinese regulators have in over the past year mounted a wide-ranging crackdown on its tech giants, seeking to dismantle some of the industry's long-held practices after accusing them of monopolistic behaviour and infringing user rights. This month, Tencent reported its slowest revenue growth since 2004. (With inputs from agencies)

Chinese regulators tell Tencent to get approval before launching apps, updates

In Pics| China's rich list: Jack Ma drops, TikTok founder moves up

According to reports, <a href="https://www.wionews.com/world/biden-says-china-still-withholding-critical-info-on-covid-origins-409068">China </a>has ordered private firms to migrate from its cloud services into the government's infrastructure.

Tech giants Alibaba and Tencent have reportedly been asked to ensure the data migration process by the assets supervision and administration commission.

The assets watchdog has reportedly asked the private players not to build data centres or buy new servers,&nbsp;&nbsp;a&nbsp;report claimed.

Watch:

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/world-business-watch-chinas-industrial-profit-growth-slows-on-delta-outbreak-floods-high-costs-408764/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The move is likely to hit Huawei, <a href="https://www.wionews.com/world/china-warns-34-tech-firms-to-rectify-any-anti-competitive-measures-after-record-alibaba-fine-377323">Alibaba</a> and Tencent. The government-run cloud service is called "Guoziyun" which means "state asset cloud".

All data will should be&nbsp;moved by&nbsp;September 30, 2022, according to the assets watchdog.

"As of today, all companies should not sign new contracts with third-party cloud platforms, or continue cloud resource rental agreements," a document from the watchdog said.

A report had claimed earlier that China planned to block tech firms with large amounts of sensitive user data from listing abroad in a move intended to ensure regulatory clampdown on private industries.

The Wall Street Journal report said Chinese firms in less sensitive sectors would also need regulatory approval to list abroad.

Chinese authorities had earlier investigated ride-hailing giant Didi Chuxing for "cybersecurity issues" after it was listed in the New York stock exchange.

Reports said firms with over a million users need to seek regulatory approval before listing abroad.

Last week China had passed the new online privacy law asking firms to reduce data collection and obtain user consent. The law aimed to crackdown on firms allegedly profiting over personal data. The new law is reportedly modelled on European Union's General Data Protection Regulation.

Chinese firms have raised billions in the US markets, however, the move by authorities is being seen as a policy to tighten control over Chinese IPOs in America.

(With inputs from Agencies)

According to reports, China has ordered private firms to migrate from its cloud services into the government's infrastructure. Tech giants Alibaba and Tencent have reportedly been asked to ensure the data migration process by the assets supervision and administration commission.

According to reports, China has ordered private firms to migrate from its cloud services into the government's infrastructure. Tech giants Alibaba and Tencent have reportedly been asked to ensure the data migration process by the assets supervision and administration commission. The assets watchdog has reportedly asked the private players not to build data centres or buy new servers, a report claimed. Watch: The move is likely to hit Huawei, Alibaba and Tencent. The government-run cloud service is called "Guoziyun" which means "state asset cloud". All data will should be moved by September 30, 2022, according to the assets watchdog. "As of today, all companies should not sign new contracts with third-party cloud platforms, or continue cloud resource rental agreements," a document from the watchdog said. A report had claimed earlier that China planned to block tech firms with large amounts of sensitive user data from listing abroad in a move intended to ensure regulatory clampdown on private industries. The Wall Street Journal report said Chinese firms in less sensitive sectors would also need regulatory approval to list abroad. Chinese authorities had earlier investigated ride-hailing giant Didi Chuxing for "cybersecurity issues" after it was listed in the New York stock exchange. Reports said firms with over a million users need to seek regulatory approval before listing abroad. Last week China had passed the new online privacy law asking firms to reduce data collection and obtain user consent. The law aimed to crackdown on firms allegedly profiting over personal data. The new law is reportedly modelled on European Union's General Data Protection Regulation. Chinese firms have raised billions in the US markets, however, the move by authorities is being seen as a policy to tighten control over Chinese IPOs in America. (With inputs from Agencies)

Now, China asks private firms to migrate data to government-run cloud services

China's crackdown on Chinese tech giants is intensifying. Tencent lost almost $60 billion dollars after a state media outlet called online games "electronic drugs" and "spiritual opium".

Gravitas: An article leads to a $60 billion loss for Tencent

Beijing tightened its rules on the big tech in the country. The state media has labelled online games as 'electronic drugs.'

Beijing tightens rules on big tech in China, calls online games as 'electronic drugs'

China's Tencent Holdings Ltd said on Tuesday it would curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium".

Economic Information Daily cited Tencent's "Honor of Kings" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China's biggest state-run news agency, Xinhua.

China's largest social media and video game firm saw its stock tumble more than 10% in early trade, wiping almost $60 billion from its market capitalisation. The stock was on track to fall the most in a decade before trimming losses after the article vanished from the outlet's website and WeChat account.

The broadside comes days after the securities regulator and state media sought to soothe investor fears over the pace and breadth of market reform that sparked a selloff in technology and private education. The CSI300 index last week fell more than 5% for its biggest monthly loss since October 2018.

The attack on the video game sector put investors back on edge.

"News once again caused market concerns about industry regulation," said Everbright Sun Hung Kai analyst Kenny Ng.

"Under this circumstance, it is expected that game stocks and even the overall technology stocks will still face continuous adjustment pressure," he said, adding focus will shift to whether firms change their policies for minors' access.

In the article, the newspaper singled out "Honor of Kings" as the most popular online game among students who, it said, played for up to eight hours a day.

"No industry, no sport, can be allowed to develop in a way that will destroy a generation," the newspaper said, likening online video games to "electronic drugs".

Tencent in a statement said it will introduce measures to reduce minors' access to and time spent on games. It also called for an industry ban on gaming for children under 12 years old.

The company did not address the article in its statement, nor did it respond to a Reuters request for comment.

The article also hit rivals' shares. NetEase Inc dropped more than 15% before paring losses to sit around 8% lower in late afternoon trade. Game developer XD Inc fell 8.2% and mobile gaming company GMGE Technology Group Ltd dropped 15.6%.

Outside of gaming, investors were also caught off-guard by the State Administration For Market Regulation (SAMR) on Tuesday saying it would investigate auto chip distributors and punish any hoarding, collusion and price-gouging. The semiconductor stock index subsequently fell more than 6%.

CHILD WELLBEING

A separate opinion piece published by the China News Service on its official Twitter-like Weibo account hours after the Economic Information Daily article took a different tone, saying that blame could not be placed on anyone party, including game developers, for child addiction to online video games.

"Schools, game developers, parents, and other parties need to work together," said the news outlet, which is also state-run.

Chinese regulators have since 2017 sought to limit the number of time minors spend playing video games and companies including Tencent already have anti-addiction systems that they say cap young users' game time.

But authorities have in recent months placed a fresh focus on protecting child wellbeing, and said they want to further strengthen rules around online gaming and education. Last month, they banned for-profit tutoring in core school subjects, attacking China's $120 billion private tutoring sector.

That added to other regulatory actions in the technology industry, including a ban on Tencent from exclusive music copyright agreements and a fine for unfair market practices.

At one point on Tuesday, Tencent was briefly de-throned as Asia's most valuable firm by market capitalisation by chipmaker Taiwan Semiconductor Manufacturing Co Ltd.

"It showed how investors are jumpy these days. They don't believe anything is off limit and will react, sometimes over-react, to anything on state media that fits the tech crackdown narrative," said Ether Yin, partner at Beijing-based consultancy Trivium.

"Government will not and can not get rid of the gaming industry... Restrictions will stay but not much room to go tighter," he said.

China's Tencent Holdings Ltd said on Tuesday it would curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium".

China's Tencent Holdings Ltd said on Tuesday it would curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium". Economic Information Daily cited Tencent's "Honor of Kings" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China's biggest state-run news agency, Xinhua. China's largest social media and video game firm saw its stock tumble more than 10% in early trade, wiping almost $60 billion from its market capitalisation. The stock was on track to fall the most in a decade before trimming losses after the article vanished from the outlet's website and WeChat account. The broadside comes days after the securities regulator and state media sought to soothe investor fears over the pace and breadth of market reform that sparked a selloff in technology and private education. The CSI300 index last week fell more than 5% for its biggest monthly loss since October 2018. The attack on the video game sector put investors back on edge. "News once again caused market concerns about industry regulation," said Everbright Sun Hung Kai analyst Kenny Ng. "Under this circumstance, it is expected that game stocks and even the overall technology stocks will still face continuous adjustment pressure," he said, adding focus will shift to whether firms change their policies for minors' access. In the article, the newspaper singled out "Honor of Kings" as the most popular online game among students who, it said, played for up to eight hours a day. "No industry, no sport, can be allowed to develop in a way that will destroy a generation," the newspaper said, likening online video games to "electronic drugs". Tencent in a statement said it will introduce measures to reduce minors' access to and time spent on games. It also called for an industry ban on gaming for children under 12 years old. The company did not address the article in its statement, nor did it respond to a Reuters request for comment. The article also hit rivals' shares. NetEase Inc dropped more than 15% before paring losses to sit around 8% lower in late afternoon trade. Game developer XD Inc fell 8.2% and mobile gaming company GMGE Technology Group Ltd dropped 15.6%. Outside of gaming, investors were also caught off-guard by the State Administration For Market Regulation (SAMR) on Tuesday saying it would investigate auto chip distributors and punish any hoarding, collusion and price-gouging. The semiconductor stock index subsequently fell more than 6%. CHILD WELLBEING A separate opinion piece published by the China News Service on its official Twitter-like Weibo account hours after the Economic Information Daily article took a different tone, saying that blame could not be placed on anyone party, including game developers, for child addiction to online video games. "Schools, game developers, parents, and other parties need to work together," said the news outlet, which is also state-run. Chinese regulators have since 2017 sought to limit the number of time minors spend playing video games and companies including Tencent already have anti-addiction systems that they say cap young users' game time. But authorities have in recent months placed a fresh focus on protecting child wellbeing, and said they want to further strengthen rules around online gaming and education. Last month, they banned for-profit tutoring in core school subjects, attacking China's $120 billion private tutoring sector. That added to other regulatory actions in the technology industry, including a ban on Tencent from exclusive music copyright agreements and a fine for unfair market practices. At one point on Tuesday, Tencent was briefly de-throned as Asia's most valuable firm by market capitalisation by chipmaker Taiwan Semiconductor Manufacturing Co Ltd. "It showed how investors are jumpy these days. They don't believe anything is off limit and will react, sometimes over-react, to anything on state media that fits the tech crackdown narrative," said Ether Yin, partner at Beijing-based consultancy Trivium. "Government will not and can not get rid of the gaming industry... Restrictions will stay but not much room to go tighter," he said.

Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps $60 billion

Chinese tech giant Tencent's WeChat social media platform has deleted dozens of LGBT accounts run by university students, saying some had broken rules on information on the internet, sparking fear of a crackdown on gay content online.

The WeChat pages&nbsp;of groups, including Huazhong University of Science and&nbsp;Technology&nbsp;Gay Pride and Peking University's ColorsWorld, had their past posts scrubbed and replaced with a notice stating: "all content has been blocked and the use of the account has been stopped" for violations of unspecified social media regulations.

The brief notices said WeChat had received "complaints" about the pages, while the groups' account names had been changed to "Unnamed Account" on Tuesday, based on&nbsp;publicly visible account records.

Super-app WeChat is China's biggest social media platform, with instant messaging, blogs, and other content, as well as the ability to make payments.

While homosexuality, which was classified as a mental disorder until 2001, is legal in&nbsp;China, same-sex marriage is not recognised. Social stigma and pressure still deter people from coming out.

This year, a court upheld a university's description of homosexuality as a "psychological disorder", ruling that it was not a factual error.&nbsp;

The LGBT community has repeatedly found itself falling foul of censors and the Cyberspace Administration of&nbsp;China&nbsp;recently pledged to clean up the internet to protect minors and crack down on social media groups deemed a "bad influence".

The Weibo social media platform, owned by Weibo Corp, has at times removed lesbian content and the online community board platform Zhihu has censored topics on gender and identity.

Last year,&nbsp;China's only pride festival was cancelled indefinitely after organisers cited concerns over staff safety.

"Authorities have been tightening the space available for LGBT advocacy and civil society generally. This is another turning of the&nbsp;screw,”&nbsp;said Darius Longarino, a senior fellow at Yale Law School's Paul Tsai's&nbsp;China&nbsp;Center, who focuses on LGBT rights and gender equality.

(With inputs from agencies)

Chinese tech giant Tencent's WeChat social media platform has deleted dozens of LGBT accounts run by university students, saying some had broken rules on information on the internet, sparking fear of a crackdown on gay content online.

Chinese tech giant Tencent's WeChat social media platform has deleted dozens of LGBT accounts run by university students, saying some had broken rules on information on the internet, sparking fear of a crackdown on gay content online. The WeChat pages of groups, including Huazhong University of Science and Technology Gay Pride and Peking University's ColorsWorld, had their past posts scrubbed and replaced with a notice stating: "all content has been blocked and the use of the account has been stopped" for violations of unspecified social media regulations. The brief notices said WeChat had received "complaints" about the pages, while the groups' account names had been changed to "Unnamed Account" on Tuesday, based on publicly visible account records. Super-app WeChat is China's biggest social media platform, with instant messaging, blogs, and other content, as well as the ability to make payments. While homosexuality, which was classified as a mental disorder until 2001, is legal in China, same-sex marriage is not recognised. Social stigma and pressure still deter people from coming out. This year, a court upheld a university's description of homosexuality as a "psychological disorder", ruling that it was not a factual error. The LGBT community has repeatedly found itself falling foul of censors and the Cyberspace Administration of China recently pledged to clean up the internet to protect minors and crack down on social media groups deemed a "bad influence". The Weibo social media platform, owned by Weibo Corp, has at times removed lesbian content and the online community board platform Zhihu has censored topics on gender and identity. Last year, China's only pride festival was cancelled indefinitely after organisers cited concerns over staff safety. "Authorities have been tightening the space available for LGBT advocacy and civil society generally. This is another turning of the screw,” said Darius Longarino, a senior fellow at Yale Law School's Paul Tsai's China Center, who focuses on LGBT rights and gender equality. (With inputs from agencies)

China deletes LGBTQ university accounts from biggest social media app Wechat

Most of us wear blue jeans on a regular basis without giving a second thought. However, years ago, blue jeans was a symbol of freedom.

It penetrated the Soviet Union's iron curtain and in many ways, denim mobilised people in a closed communist country.

Watch |&nbsp;

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-china-takes-on-homegrown-internet-titans-381522/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The story comes into relevance now as another communist nation is facing its blue jeans moment and it is responding with ruthlessness.

In this case, the soviet union is a metaphor for China and the blue jeans are symbolic for big tech giants.

For years, Beijing indulged companies such as Alibaba, Tencent, and Baidu. They were advertised as Chinese success stories and companies that could compete with their western rivals, but now all of a sudden they are public enemy number one.

What changed?

Chinese tech giants became too big for their own good. Their influence over the Chinese middle class expanded and their CEOs became celebrities. They were inviting Hollywood stars to corporate events.

However, in China, there is only one alpha —the communist party.

Beijing wanted to cultivate these tech companies as extended arms of the state. However, when things moved in the opposite direction, they cracked down and the first victim was Alibaba.

Alibaba

Its owner, Jack Ma, made a cardinal sin last year as he criticised Chinese regulators. The response was swift. Beijing blocked the IPO of Jack Ma's Ant group. The company was asked to restructure itself as a financial holding company — meaning China's central bank will now oversee the Ant group.

Then, earlier this month, they imposed a record fine on Alibaba. The company had to pay $2.75 billion. Usually, firms contest such penalties and call them unfair and steep. However, Alibaba did neither. They accepted the fine and moved on.

Tencent

A tech giant valued at $776 billion dollars, reports claim China is preparing a substantial fine for Tencent —almost $1.54 billion dollars (10 billion yuan).

The charges range from not reporting acquisitions to anti-competitive practices.

There is no arithmetic logic to the high value of the fine because as per China, the fine must be high enough to set an example. For Alibaba, it was $2.75 billion and for Tencent,&nbsp;it is $1.54 billion.

What's unfolding in China is a battle for influence. This is a country that is built around a single party. The party decides what you eat, what you wear and how you live. It is used to having unlimited control over people's lives.

However, this changed with the arrival of big tech companies that created an alternative world for the Chinese and introduced people to social media, e-commerce, and internet gaming.

As it turned out, this virtual world was a lot more egalitarian and the Chinese citizens loved it, as opposed to their government.

This issue basically boils down to insecurity. The communist party is insecure about the virtual world as it wants to dominate public life once again and the strategy it has chosen is to villainise tech giants.

China’s plans seem to be working, till now, as earlier this month more than 30 Chinese tech companies made a pledge of allegiance to Beijing. They promised to reform themselves and fall in line.

The tech giants are scared of the party because in China politics and economics are two sides of the same coin and this coin is minted by the communist party.

Bringing back the example of blue jeans, if you go to Russia today, everyone is wearing blue jeans because freedom is intoxicating.

Thanks to tech giants, the Chinese people have seen what a free world looks like. So, Beijing is pushing back and it is the most ironic push back ever. A party that has monopolised politics wants to break up monopolies.

A party that snoops on its citizens wants companies to turn off the tracker and a party that rubbishes international laws wants companies to respect regulations. It is the hypocrisy of the highest order.

Most of us wear blue jeans on a regular basis without giving a second thought. However, years ago, blue jeans was a symbol of freedom. It penetrated the Soviet Union's iron curtain and in many ways, denim mobilised people in a closed communist country.

Most of us wear blue jeans on a regular basis without giving a second thought. However, years ago, blue jeans was a symbol of freedom. It penetrated the Soviet Union's iron curtain and in many ways, denim mobilised people in a closed communist country. Watch | The story comes into relevance now as another communist nation is facing its blue jeans moment and it is responding with ruthlessness. In this case, the soviet union is a metaphor for China and the blue jeans are symbolic for big tech giants. For years, Beijing indulged companies such as Alibaba, Tencent, and Baidu. They were advertised as Chinese success stories and companies that could compete with their western rivals, but now all of a sudden they are public enemy number one. What changed? Chinese tech giants became too big for their own good. Their influence over the Chinese middle class expanded and their CEOs became celebrities. They were inviting Hollywood stars to corporate events. However, in China, there is only one alpha —the communist party. Beijing wanted to cultivate these tech companies as extended arms of the state. However, when things moved in the opposite direction, they cracked down and the first victim was Alibaba. Alibaba Its owner, Jack Ma, made a cardinal sin last year as he criticised Chinese regulators. The response was swift. Beijing blocked the IPO of Jack Ma's Ant group. The company was asked to restructure itself as a financial holding company — meaning China's central bank will now oversee the Ant group. Then, earlier this month, they imposed a record fine on Alibaba. The company had to pay $2.75 billion. Usually, firms contest such penalties and call them unfair and steep. However, Alibaba did neither. They accepted the fine and moved on. Tencent A tech giant valued at $776 billion dollars, reports claim China is preparing a substantial fine for Tencent —almost $1.54 billion dollars (10 billion yuan). The charges range from not reporting acquisitions to anti-competitive practices. There is no arithmetic logic to the high value of the fine because as per China, the fine must be high enough to set an example. For Alibaba, it was $2.75 billion and for Tencent, it is $1.54 billion. What's unfolding in China is a battle for influence. This is a country that is built around a single party. The party decides what you eat, what you wear and how you live. It is used to having unlimited control over people's lives. However, this changed with the arrival of big tech companies that created an alternative world for the Chinese and introduced people to social media, e-commerce, and internet gaming. As it turned out, this virtual world was a lot more egalitarian and the Chinese citizens loved it, as opposed to their government. This issue basically boils down to insecurity. The communist party is insecure about the virtual world as it wants to dominate public life once again and the strategy it has chosen is to villainise tech giants. China’s plans seem to be working, till now, as earlier this month more than 30 Chinese tech companies made a pledge of allegiance to Beijing. They promised to reform themselves and fall in line. The tech giants are scared of the party because in China politics and economics are two sides of the same coin and this coin is minted by the communist party. Bringing back the example of blue jeans, if you go to Russia today, everyone is wearing blue jeans because freedom is intoxicating. Thanks to tech giants, the Chinese people have seen what a free world looks like. So, Beijing is pushing back and it is the most ironic push back ever. A party that has monopolised politics wants to break up monopolies. A party that snoops on its citizens wants companies to turn off the tracker and a party that rubbishes international laws wants companies to respect regulations. It is the hypocrisy of the highest order.

As tech giants introduce people to freedom, China rushes to impose fine

China is poised to slap a $1.54 billion fine on Tencent over charges of anti-competitive actions. It is part of Beijing's crackdown on homegrown internet titans. WION's Palki tells you how an insecure Communist party is targeting the likes of Alibaba & Tencent.

Gravitas: China takes on homegrown internet titans

Tencent should expect a penalty of at least C¥10-billion (US$1.54-billion), significant enough for the State Administration of Market Regulation (SAMR) to make an example of it, both people said.

China readies Tencent penalty in antitrust crackdown

A report by an environmental group Greenpeace on Wednesday said that China's tech organisations are not adopting clean energy "fast enough" to show their commitment towards carbon neutrality.&nbsp;

The report by Greenpeace said that China's data centre sector is a main and rising source of CO2 emissions and the energy consumption from this industry is on course to rise 66 per cent between 2019 and 2023.&nbsp;

Watch |&nbsp;

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/climate-change-the-biggest-environmental-challenge-of-our-times-378275/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

In 2018, Chinese data centres were 73 per cent powered by coal, the report said, adding that by 2023, the electricity consumption from the sector is set to compete with Australia.&nbsp;

However, in Greenpeace's latest rankings, Chinese gaming giant Tencent took the top spot in the country's tech sector amongst the cloud providers to tackle carbon emissions and procuring from renewable sources.

Also read | <a href="https://www.wionews.com/world/eu-clinches-deal-on-climate-law-tougher-2030-emissions-goal-378968">EU clinches deal on climate law, tougher 2030 emissions goal</a>

Thirteen of China's 22 biggest tech companies have now agreed to actively procure renewable energy, a significant rise from just eight companies in 2019.&nbsp;

However, the report said that only two out of these companies, namely Baidu and Chindata have renewable energy usage rates of more than three per cent.&nbsp;

Greenpeace urged internet and data centre organisations to target 100 per cent renewable energy use and aim carbon neutrality by the end of 2030.&nbsp;

A report by an environmental group Greenpeace on Wednesday said that China's tech organisations are not adopting clean energy "fast enough" to show their commitment towards carbon neutrality.

A report by an environmental group Greenpeace on Wednesday said that China's tech organisations are not adopting clean energy "fast enough" to show their commitment towards carbon neutrality. The report by Greenpeace said that China's data centre sector is a main and rising source of CO2 emissions and the energy consumption from this industry is on course to rise 66 per cent between 2019 and 2023. Watch | In 2018, Chinese data centres were 73 per cent powered by coal, the report said, adding that by 2023, the electricity consumption from the sector is set to compete with Australia. However, in Greenpeace's latest rankings, Chinese gaming giant Tencent took the top spot in the country's tech sector amongst the cloud providers to tackle carbon emissions and procuring from renewable sources. Also read | EU clinches deal on climate law, tougher 2030 emissions goal Thirteen of China's 22 biggest tech companies have now agreed to actively procure renewable energy, a significant rise from just eight companies in 2019. However, the report said that only two out of these companies, namely Baidu and Chindata have renewable energy usage rates of more than three per cent. Greenpeace urged internet and data centre organisations to target 100 per cent renewable energy use and aim carbon neutrality by the end of 2030.

Chinese tech firms not adopting clean energy 'fast enough' to show commitment: Greenpeace

Prime Minister Narendra Modi formally inaugurated the Integrated Check Post of the <a href="https://www.wionews.com/india-news/pm-modi-thanks-imran-khan-niazi-for-respecting-sentiments-of-india-260939">Kartarpur Corridor</a> on Saturday.

Modi was accompanied by Punjab Chief Minister Captain Amarinder Singh, Union Ministers Hardeep Singh Puri and Harsimrat Kaur Badal and actor and Gurdaspur lawmaker Sunny Deol at the inauguration.

The Integrated Check Post or the passenger terminal building is where pilgrims will get clearance to travel through the newly-built corridor.

The check post will facilitate Indian pilgrims to visit Gurudwara Kartapur Sahib in Pakistan.

The opening of the corridor, which connects Dera Baba Nanak shrine in Gurdaspur district of Punjab to Gurdwara Kartarpur Sahib in Pakistan, comes days before the 550th birth anniversary of the founder of Sikhism, Guru Nanak Dev, on November 12.

Before heading for Dera Baba Nanak, the Prime Minister paid obeisance at historic Ber Sahib Gurdwara at Sultanpur Lodhi.

At the gurdwara, PM Modi was received by former Shiromani Gurdwara Prabandhak Committee chief Jagir Kaur, who is in-charge of celebrations of the 550th birth anniversary of Sikhism`s founder Guru Nanak Dev. The Prime Minister was presented a `siropa` (robe of honour) by Kaur on behalf of the SGPC.&nbsp;

 
&nbsp;

Prime Minister Narendra Modi formally inaugurated the Integrated Check Post of the Kartarpur Corridor on Saturday. Modi was accompanied by Punjab Chief Minister Captain Amarinder Singh, Union Ministers Hardeep Singh Puri and Harsimrat Kaur Badal and actor and Gurdaspur lawmaker Sunny Deol at the inauguration.

Prime Minister Narendra Modi formally inaugurated the Integrated Check Post of the Kartarpur Corridor on Saturday. Modi was accompanied by Punjab Chief Minister Captain Amarinder Singh, Union Ministers Hardeep Singh Puri and Harsimrat Kaur Badal and actor and Gurdaspur lawmaker Sunny Deol at the inauguration. The Integrated Check Post or the passenger terminal building is where pilgrims will get clearance to travel through the newly-built corridor. The check post will facilitate Indian pilgrims to visit Gurudwara Kartapur Sahib in Pakistan. The opening of the corridor, which connects Dera Baba Nanak shrine in Gurdaspur district of Punjab to Gurdwara Kartarpur Sahib in Pakistan, comes days before the 550th birth anniversary of the founder of Sikhism, Guru Nanak Dev, on November 12. Before heading for Dera Baba Nanak, the Prime Minister paid obeisance at historic Ber Sahib Gurdwara at Sultanpur Lodhi. At the gurdwara, PM Modi was received by former Shiromani Gurdwara Prabandhak Committee chief Jagir Kaur, who is in-charge of celebrations of the 550th birth anniversary of Sikhism`s founder Guru Nanak Dev. The Prime Minister was presented a `siropa` (robe of honour) by Kaur on behalf of the SGPC.

E-commerce firm Pinduoduo's founder Colin Huang departs

Chinese regulators have fined 12 companies. A report claims Alibaba is being asked to sell its media assets. Brands like BMW and Kohler are being criticised for using facial recognition technology. WION's Palki Sharma tells you more about China's big business crackdown.

Gravitas: Big business faces a crackdown in China

China is extending its crackdown and tech giants worry about their growing influence. Now Tencent's holding shed about $60 Billion from its market value as its share price slid over concerns of greater regulator scrutiny. Alibaba is also being forced to sell its media assets.

China: Alibaba being forced to sell its media assets

Tencent holdings have shed around $60 billion on Monday from its market value due to concerns that the Chinese authorities will ramp up scrutiny of the tech giant.

Tencent shed $60 bn in share value as investors fear Chinese govt crackdown

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media,&nbsp;the snub underscoring how just far he has run afoul of Beijing.

Shanghai Securities News said, "A generation of Chinese entrepreneurs emerged from the rigid structures of our old economic system with the desire to escape poverty and passion to achieve business ambitions."

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China's best-known businessman was not mentioned in a front-page article published by a newspaper backed state-run&nbsp;Xinhua News Agency. Instead, Huawei Technologies' Ren Zhengfei, Xiaomi Corp's Lei Jun and BYD's Wang Chuanfu were lauded for their contributions.

The editorial, published on the same day&nbsp;when Alibaba will also report its latest quarterly earnings may help assuage fears that Tencent may get caught up in a broader industry crackdown which is now focused on Ma's Alibaba and the Ant Group Co.

The catalyst for Ma's current woes was an Oct. 24 speech in which he blasted China's regulatory system, leading to the suspension of his Ant Group's $37 billion IPO just days before the fintech giant's listing.

Regulators have since launched an anti-trust probe into the tech sector with Alibaba taking much of the heat, while tighter regulations for Ant Group are also being considered.

Ma, who is not known for shying away from the limelight, subsequently disappeared from the public eye for about three months, triggering frenzied speculation about his whereabouts. He re-emerged last month with a 50-second video appearance.

The Shanghai Securities News said that while some of the entrepreneurs it praised had once behaved like "reckless heroes" in their efforts to break away from an old, rigid economic system, they now led "a group of companies that respected the rules of development and abided by market rules."

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media, the snub underscoring how just far he has run afoul of Beijing.

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media, the snub underscoring how just far he has run afoul of Beijing. Shanghai Securities News said, "A generation of Chinese entrepreneurs emerged from the rigid structures of our old economic system with the desire to escape poverty and passion to achieve business ambitions." China's best-known businessman was not mentioned in a front-page article published by a newspaper backed state-run Xinhua News Agency. Instead, Huawei Technologies' Ren Zhengfei, Xiaomi Corp's Lei Jun and BYD's Wang Chuanfu were lauded for their contributions. The editorial, published on the same day when Alibaba will also report its latest quarterly earnings may help assuage fears that Tencent may get caught up in a broader industry crackdown which is now focused on Ma's Alibaba and the Ant Group Co. The catalyst for Ma's current woes was an Oct. 24 speech in which he blasted China's regulatory system, leading to the suspension of his Ant Group's $37 billion IPO just days before the fintech giant's listing. Regulators have since launched an anti-trust probe into the tech sector with Alibaba taking much of the heat, while tighter regulations for Ant Group are also being considered. Ma, who is not known for shying away from the limelight, subsequently disappeared from the public eye for about three months, triggering frenzied speculation about his whereabouts. He re-emerged last month with a 50-second video appearance. The Shanghai Securities News said that while some of the entrepreneurs it praised had once behaved like "reckless heroes" in their efforts to break away from an old, rigid economic system, they now led "a group of companies that respected the rules of development and abided by market rules."

Chinese state media omits Jack Ma's name from list of entrepreneurial leaders

The Trump administration is considering adding Alibaba Group Holding Ltd and Tencent Holdings Ltd to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military.

The news was first reported by the Wall Street Journal, which said the plan was still under deliberation and may not go through as agencies debate its impact on markets.

Alibaba and Tencent shares were both down roughly 3 per cent in morning trade on the Hong Kong Stock Exchange. Alibaba's US-listed shares closed down just over 5 per cent on the news on Wednesday, but were roughly flat in after hours trading.

On Tuesday, US President Donald Trump signed an executive order banning transactions with eight Chinese software applications, including Ant Group's Alipay mobile payment app, escalating tensions with Beijing two weeks before President-elect Joe Biden takes office.

The Trump administration is considering adding Alibaba Group Holding Ltd and Tencent Holdings Ltd to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military.

The Trump administration is considering adding Alibaba Group Holding Ltd and Tencent Holdings Ltd to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military. The news was first reported by the Wall Street Journal, which said the plan was still under deliberation and may not go through as agencies debate its impact on markets. Alibaba and Tencent shares were both down roughly 3 per cent in morning trade on the Hong Kong Stock Exchange. Alibaba's US-listed shares closed down just over 5 per cent on the news on Wednesday, but were roughly flat in after hours trading. On Tuesday, US President Donald Trump signed an executive order banning transactions with eight Chinese software applications, including Ant Group's Alipay mobile payment app, escalating tensions with Beijing two weeks before President-elect Joe Biden takes office.

US considering adding Alibaba, Tencent to China stock ban

China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan

China to fine Alibaba, Tencent for failing to report past deals to anti-trust regulators

China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed&nbsp;China&nbsp;Literature, and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews.

The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in, including Alibaba's past deal with Intime Retail (Group) Co Ltd and&nbsp;China&nbsp;Literature's acquisition of New Classics Media.

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The punishments come after controllers a month ago announced their goal to expand examination of China's biggest tech companies with the new enemy of syndication rules.

Beijing in November revealed draft guidelines that set up a structure for controlling hostile to serious conduct, for example, intriguing on sharing delicate customer information, collusions that crush out more modest opponents, and sponsoring administrations at beneath cost to dispose of contenders. Offers in Alibaba and Tencent expanded misfortunes and shut down over 2.5 per cent.

Also read:&nbsp;<a href="https://www.wionews.com/technology/china-unveils-guidelines-on-mobile-apps-collection-of-personal-data-347206" hreflang="en">China unveils guidelines on mobile apps' collection of personal data</a>

"Venture and takeovers are significant methods for improvement and development of web organizations," the controller said in the proclamation. "The previously mentioned organizations have a huge impact in the business, do numerous ventures and takeovers, have particular lawful groups and should be acquainted with the guidelines overseeing M&amp;A. Their inability to effectively pronounce has a moderately serious effect."&nbsp;

Beijing's uplifted examination is prodding fears of a more extensive crackdown on the nation's biggest firms. On Monday, shares in number&nbsp;3 web organisation Meituan plunged 3.8 per cent&nbsp;after the People's Daily composed a publication pummeling the business' distraction with developing traffic and volumes in regions, for example, staple conveyance, to the detriment of genuine logical advancement.&nbsp;

China's two biggest companies are likewise generally avaricious, utilising scores of arrangements to venture into neighboring fields and husband to be a portion of the nation's most encouraging startups. Alibaba had driven a $2.6 billion buyout of Intime as a feature of endeavors to grow new plans of action that join the web-based business with physical retailing. China Literature concurred in 2018 to purchase New Classics Media for as much as 15.5 billion yuan to extend in recorded substance.&nbsp;

The organisations had neglected to look for endorsement for the arrangements, which aren't considered the enemy of serious, the antitrust controller said Monday. China Literature said in a proclamation that it has been effectively working with controllers on consistency, while Alibaba agents didn't quickly react to demands for input.

China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature, and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews.

China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature, and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews. The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in, including Alibaba's past deal with Intime Retail (Group) Co Ltd and China Literature's acquisition of New Classics Media. The punishments come after controllers a month ago announced their goal to expand examination of China's biggest tech companies with the new enemy of syndication rules. Beijing in November revealed draft guidelines that set up a structure for controlling hostile to serious conduct, for example, intriguing on sharing delicate customer information, collusions that crush out more modest opponents, and sponsoring administrations at beneath cost to dispose of contenders. Offers in Alibaba and Tencent expanded misfortunes and shut down over 2.5 per cent. Also read: China unveils guidelines on mobile apps' collection of personal data "Venture and takeovers are significant methods for improvement and development of web organizations," the controller said in the proclamation. "The previously mentioned organizations have a huge impact in the business, do numerous ventures and takeovers, have particular lawful groups and should be acquainted with the guidelines overseeing M&A. Their inability to effectively pronounce has a moderately serious effect." Beijing's uplifted examination is prodding fears of a more extensive crackdown on the nation's biggest firms. On Monday, shares in number 3 web organisation Meituan plunged 3.8 per cent after the People's Daily composed a publication pummeling the business' distraction with developing traffic and volumes in regions, for example, staple conveyance, to the detriment of genuine logical advancement. China's two biggest companies are likewise generally avaricious, utilising scores of arrangements to venture into neighboring fields and husband to be a portion of the nation's most encouraging startups. Alibaba had driven a $2.6 billion buyout of Intime as a feature of endeavors to grow new plans of action that join the web-based business with physical retailing. China Literature concurred in 2018 to purchase New Classics Media for as much as 15.5 billion yuan to extend in recorded substance. The organisations had neglected to look for endorsement for the arrangements, which aren't considered the enemy of serious, the antitrust controller said Monday. China Literature said in a proclamation that it has been effectively working with controllers on consistency, while Alibaba agents didn't quickly react to demands for input.

China fines Alibaba, Tencent under anti-monopoly law

Alibaba, Tencent and other Chinese tech giants took a heavy hit as their shares tumbled for a second day on Wednesday. The companies lost billions as Beijing's market regulator released draft antitrust rules that gave signals of crackdown on high-flying internet giants. The rules, released on Tuesday (October 10, 2020) outlined steps to prevent 'monopolistic behaviour' in internet companies. This is a marked departure from China's previous approach on antitrust issues. The announcement came on the eve of Singles' Day, the world's biggest shopping festival propelled by Alibaba.

Alibaba shares dropped 9.8 per cent in Hong Kong -- just week after regulator halted a huge IPO for Ant Group, the financial arm of Alibaba. Tencent shares slipped more than seven per cent.

Meanwhile, online shopping platform JD.com plunged more than nine percent, smartphone maker Xiaomi dived more than eight percent and food delivery firm Meituan was 9.7 percent lower.

The losses followed massive drops for the firms on Tuesday.

ALSO READ | <a href="https://www.wionews.com/business-economy/diwali-2020-muhurat-trading-here-is-what-you-need-to-know-342411">Diwali 2020 Muhurat Trading: Here is what you need to know</a> 
 
Dave Wang, portfolio manager at Nuvest Capital told AFP the authorities' move marks an "inflection point" for the sector.

"The dominance of the big players may have reached a point that is making authorities feel uncomfortable," he said.

"They are looking to reduce this dominance or at least keep it in check."

The guidelines, put out by the State Administration for Market Regulation, take specific aim at internet platforms and issues such as exclusivity clauses that hinder competition.

China's antitrust watchdog is also targeting acts constituting an "abuse of dominant market positions" that could squeeze out smaller rivals -- including unfair pricing, restricting transactions without justifiable reason, or pushing different prices and conditions on customers based on their buying habits.

The move to force business partners to "pick one of two", therefore selling exclusively on one platform, is explicitly cited as a monopolistic practice as well.

China's tech firms are known to have captive ecosystems. Alibaba's Taobao platform, for example, supports payments via its own Alipay rather than Tencent's WeChat Pay.

Beijing has moved to clip the wings of its fast-growing online platforms, most recently halting a planned record-smashing $34 billion IPO of Ant Group -- Alibaba's financial arm.

But Supun Walpola, equity analyst at LightStream Research, noted that even if the new rules affect companies' current operations, it does not "drastically" hit their core business models.

"For instance, given its&nbsp;scale and penetration, I see no reason why Alibaba cannot be successful&nbsp;even without practices&nbsp;like data collaboration, price descrimination or exclusivity clauses," he said.

(With AFP inputs)

Alibaba, Tencent and other Chinese tech giants took a heavy hit as their shares tumbled for a second day on Wednesday. The companies lost billions as Beijing's market regulator released draft antitrust rules that gave signals of crackdown on high-flying internet giants.

Alibaba, Tencent and other Chinese tech giants took a heavy hit as their shares tumbled for a second day on Wednesday. The companies lost billions as Beijing's market regulator released draft antitrust rules that gave signals of crackdown on high-flying internet giants. The rules, released on Tuesday (October 10, 2020) outlined steps to prevent 'monopolistic behaviour' in internet companies. This is a marked departure from China's previous approach on antitrust issues. The announcement came on the eve of Singles' Day, the world's biggest shopping festival propelled by Alibaba. Alibaba shares dropped 9.8 per cent in Hong Kong -- just week after regulator halted a huge IPO for Ant Group, the financial arm of Alibaba. Tencent shares slipped more than seven per cent. Meanwhile, online shopping platform JD.com plunged more than nine percent, smartphone maker Xiaomi dived more than eight percent and food delivery firm Meituan was 9.7 percent lower. The losses followed massive drops for the firms on Tuesday. ALSO READ | Diwali 2020 Muhurat Trading: Here is what you need to know Dave Wang, portfolio manager at Nuvest Capital told AFP the authorities' move marks an "inflection point" for the sector. "The dominance of the big players may have reached a point that is making authorities feel uncomfortable," he said. "They are looking to reduce this dominance or at least keep it in check." The guidelines, put out by the State Administration for Market Regulation, take specific aim at internet platforms and issues such as exclusivity clauses that hinder competition. China's antitrust watchdog is also targeting acts constituting an "abuse of dominant market positions" that could squeeze out smaller rivals -- including unfair pricing, restricting transactions without justifiable reason, or pushing different prices and conditions on customers based on their buying habits. The move to force business partners to "pick one of two", therefore selling exclusively on one platform, is explicitly cited as a monopolistic practice as well. China's tech firms are known to have captive ecosystems. Alibaba's Taobao platform, for example, supports payments via its own Alipay rather than Tencent's WeChat Pay. Beijing has moved to clip the wings of its fast-growing online platforms, most recently halting a planned record-smashing $34 billion IPO of Ant Group -- Alibaba's financial arm. But Supun Walpola, equity analyst at LightStream Research, noted that even if the new rules affect companies' current operations, it does not "drastically" hit their core business models. "For instance, given its scale and penetration, I see no reason why Alibaba cannot be successful even without practices like data collaboration, price descrimination or exclusivity clauses," he said. (With AFP inputs)

Chinese tech giants Alibaba, Tencent stocks heavily hit after draft antitrust rules

Chinese search engine Sogou would be taken private by tech giant Tencent -- in a deal that values the US-listed firm at around $3.5 billion.

Sohu.com, which is Sogou's parent company, said in a statement that the purchase price will be at $9 per share.

The announcement comes a day after Chinese internet giant Sina Corp, parent company of the country's Twitter-like platform Weibo, said it would be taken private.

A growing number of Chinese companies have delisted from the US or opted for secondary, domestic listings as the world's two superpowers butt heads over a number of issues including technology, Hong Kong and the virus.

This represents a premium of approximately 56.5 per cent to the closing trading price of Sogou on July 24, when the company&nbsp;announced it had received a proposal on going private from Tencent.&nbsp;

If the share purchase is completed, Sohu's subsidiary Sohu.com (Search) will receive an aggregate consideration of around $1.18 billion in cash, and Sohu will no longer have any beneficial ownership interest in Sogou.

Chinese search engine Sogou would be taken private by tech giant Tencent -- in a deal that values the US-listed firm at around $3.5 billion. Sohu.com, which is Sogou's parent company, said in a statement that the purchase price will be at $9 per share.

Chinese search engine Sogou would be taken private by tech giant Tencent -- in a deal that values the US-listed firm at around $3.5 billion. Sohu.com, which is Sogou's parent company, said in a statement that the purchase price will be at $9 per share. The announcement comes a day after Chinese internet giant Sina Corp, parent company of the country's Twitter-like platform Weibo, said it would be taken private. A growing number of Chinese companies have delisted from the US or opted for secondary, domestic listings as the world's two superpowers butt heads over a number of issues including technology, Hong Kong and the virus. This represents a premium of approximately 56.5 per cent to the closing trading price of Sogou on July 24, when the company announced it had received a proposal on going private from Tencent. If the share purchase is completed, Sohu's subsidiary Sohu.com (Search) will receive an aggregate consideration of around $1.18 billion in cash, and Sohu will no longer have any beneficial ownership interest in Sogou.

China search engine Sogou to be taken private by Tencent

In view of the recent ban imposed on PUBG by the Indian government, the PUBG Corporation on Tuesday announced that it has broken all ties with Tencent Games for its franchise in India. This means that the app can now make a comeback in India.

PUBG Corporation has broken ties with Tencent Games for its franchise in India

According to PUBG Corp, it is aware of the whole situation and is actively looking into the entire issue around the ban.

Your Story: PUBG mobile eyeing comeback in India?

After a ban in India, PUBG corporation has decided not to give publishing rights to&nbsp;Tencent Games in India. The decision was announced through a blog post.

"Moving forward, PUBG Corporation will take on all publishing responsibilities within the country," the company said. Tencent, however, has not issued a statement yet.

The decision has been taken almost a week after the Indian government banned the popular game, along with 117 other Chinese-origin&nbsp;apps.

<a href="https://www.wionews.com/technology/fau-g-indian-alternative-to-pubg-set-to-enter-market-after-china-app-ban-325234">Also read|&nbsp;FAU-G, Indian alternative to PUBG, set to enter market after China app ban</a>

The ban of PlayerUnknown`s Battlegrounds (PUBG) is being seen as a result of the increasing tension on diplomatic front and borders between India and China.

After the ban was announced, China retaliated by calling the ban irrelevant.&nbsp;"The Indian side abused the concept of ''national security'' and adopted discriminatory restrictive measures against Chinese companies, violating relevant World Trade Organisation rules. China urges India to correct its wrong practices." Chinese Commerce Ministry spokesperson Gao Feng.

Few days after the ban,&nbsp;Bollywood actor Akshay Kumar announced&nbsp;a made-in-India alternative to PUBG Mobile called&nbsp;FAU-G —&nbsp;hort for Fearless and United-Guards. He also claimed that&nbsp;20 per cent of its revenue will be donated to the government's fund-raising initiative Bharat Ke Veer, a trust started by Akshay Kumar.

After a ban in India, PUBG corporation has decided not to give publishing rights to Tencent Games in India. The decision was announced through a blog post. "Moving forward, PUBG Corporation will take on all publishing responsibilities within the country," the company said.

After a ban in India, PUBG corporation has decided not to give publishing rights to Tencent Games in India. The decision was announced through a blog post. "Moving forward, PUBG Corporation will take on all publishing responsibilities within the country," the company said. Tencent, however, has not issued a statement yet. The decision has been taken almost a week after the Indian government banned the popular game, along with 117 other Chinese-origin apps. Also read| FAU-G, Indian alternative to PUBG, set to enter market after China app ban The ban of PlayerUnknown`s Battlegrounds (PUBG) is being seen as a result of the increasing tension on diplomatic front and borders between India and China. After the ban was announced, China retaliated by calling the ban irrelevant. "The Indian side abused the concept of ''national security'' and adopted discriminatory restrictive measures against Chinese companies, violating relevant World Trade Organisation rules. China urges India to correct its wrong practices." Chinese Commerce Ministry spokesperson Gao Feng. Few days after the ban, Bollywood actor Akshay Kumar announced a made-in-India alternative to PUBG Mobile called FAU-G — hort for Fearless and United-Guards. He also claimed that 20 per cent of its revenue will be donated to the government's fund-raising initiative Bharat Ke Veer, a trust started by Akshay Kumar.

PUBG Corporation takes back publishing rights from Tencent in India

In a major crackdown over Chinese investment in India, The Govt of India on Wednesday in another digital strike banned 118 apps including Pubg. The move comes out amid India and China are sharing conflicts over border. However Ministry of Information and Technology said that 'this move will safeguard the interests of crores of Indian mobile and internet users'

India bans another 118 apps including Pubg amid border tensions with China

Taiwan has banned iQiyi (IQ) and Tencent (TCEHY) from operating streaming video services on the island.

According to a government notice published online Tuesday, Tencent Video and iQiyi have been "operating illegally" in Taiwan by partnering with local broadcasters and distributors to provide their video content through streaming services.

To this end, Taiwan's National Communications Commission announced new rules that would prohibit Taiwanese individuals and companies from providing services to mainland Chinese streaming operators and distributing their content. This decision is provisional pending a 14-day public comment period.&nbsp;

The rules are set to take effect on September 3.

The proposed ban is being seen as an evidence of the growing backlash against China's tech champions in global markets.

Relations between Beijing and Taipei have been souring ever since the election of Taiwan President Tsai Ing-wen in 2016, who was perceived by the Chinese government as being in favour of the island's formal independence. Washington has also moved closer to Taiwan.

Tencent Video and iQiyi both offer services that are similar to Netflix. They stream licensed content, and also produce original television shows and movies that have become popular with Mandarin-speaking audiences.

US President Donald Trump earlier this month threatened to ban Tencent's popular messaging app WeChat and TikTok, the wildly popular video sharing platform owned by China's ByteDance. Trump last week also ordered ByteDance to divest interest in TikTok's US operations within the next 90 days.

In addition, the Trump administration earlier this week restricted Huawei's access to advanced semiconductors. British officials last month cited the disruption to Huawei's supply chain as a key reason it banned the company from the United Kingdom's 5G network.

The Indian government in recent months has also banned TikTok and WeChat, as well as dozens of other popular Chinese apps.

Taiwan has banned iQiyi (IQ) and Tencent (TCEHY) from operating streaming video services on the island. According to a government notice published online Tuesday, Tencent Video and iQiyi have been "operating illegally" in Taiwan by partnering with local broadcasters and distributors to provide their video content through streaming services.

Taiwan has banned iQiyi (IQ) and Tencent (TCEHY) from operating streaming video services on the island. According to a government notice published online Tuesday, Tencent Video and iQiyi have been "operating illegally" in Taiwan by partnering with local broadcasters and distributors to provide their video content through streaming services. To this end, Taiwan's National Communications Commission announced new rules that would prohibit Taiwanese individuals and companies from providing services to mainland Chinese streaming operators and distributing their content. This decision is provisional pending a 14-day public comment period. The rules are set to take effect on September 3. The proposed ban is being seen as an evidence of the growing backlash against China's tech champions in global markets. Relations between Beijing and Taipei have been souring ever since the election of Taiwan President Tsai Ing-wen in 2016, who was perceived by the Chinese government as being in favour of the island's formal independence. Washington has also moved closer to Taiwan. Tencent Video and iQiyi both offer services that are similar to Netflix. They stream licensed content, and also produce original television shows and movies that have become popular with Mandarin-speaking audiences. US President Donald Trump earlier this month threatened to ban Tencent's popular messaging app WeChat and TikTok, the wildly popular video sharing platform owned by China's ByteDance. Trump last week also ordered ByteDance to divest interest in TikTok's US operations within the next 90 days. In addition, the Trump administration earlier this week restricted Huawei's access to advanced semiconductors. British officials last month cited the disruption to Huawei's supply chain as a key reason it banned the company from the United Kingdom's 5G network. The Indian government in recent months has also banned TikTok and WeChat, as well as dozens of other popular Chinese apps.

Taiwan bans Chinese streaming services Tencent and iQiyi

China's Tencent said on Wednesday it did not believe a US&nbsp;move to ban transactions on its international messaging to payments&nbsp;WeChat&nbsp;app would apply to its domestic Weixin platform, potentially limiting fallout from the move.

Tencent is the latest Chinese tech giant caught in the crosshairs of an escalated Sino-US&nbsp;cyber war after President Trump said last week the United States would ban&nbsp;WeChat-related transactions in the country.

In a call after reporting a 37% rise in second-quarter net profit, executives tried to soothe market sentiment and said the company was in the process of seeking further clarification from relevant parties.

Chief financial officer John Lo said Tencent's initial reading was that the US&nbsp;executive order was focused on&nbsp;WeChat&nbsp;in the United States and it did not believe its other businesses there would be affected.

The US&nbsp;accounts for less than 2 per cent&nbsp;of Tencent's total revenue, said James Mitchell, chief strategy officer, and likely less than 1% of total advertising revenue.

"If you look at the executive orders from May 2019 and then obviously the executive order a couple of days ago, they specify very clearly they cover US&nbsp;jurisdiction, and consequently we don't see any impact on companies advertising on our platform in China," he said.

Revenue from online games, which accounts for one-third of total sales, jumped 40% in the second quarter, primarily driven by smart phone games including Peacekeeper Elite and Honour of Kings, as the coronavirus put a dent in other entertainment options.

However, the company postponed a blockbuster release of "Dungeon and Fighter Mobile" game, planned for August&nbsp;12, citing upgrades needed to the game's addiction prevention system. It did not indicate a new release date.

Social networks, fintech and business services, and social advertising revenues all grew by nearly 30%.

Media advertising revenues fell by 25&nbsp;per cent&nbsp;however, amid a "challenging macro environment" and delayed content production and releases.

The world's largest gaming firm by revenue booked $4.8 billion&nbsp;profit for the three months through June, ahead of an average analysts' estimate of 27.56 billion yuan, according to data from Refinitiv.

Revenue rose 29&nbsp;per cent&nbsp;to 114.88 billion yuan, versus market expectations of 112.76 billion yuan.

China's Tencent said on Wednesday it did not believe a US move to ban transactions on its international messaging to payments WeChat app would apply to its domestic Weixin platform, potentially limiting fallout from the move.

China's Tencent said on Wednesday it did not believe a US move to ban transactions on its international messaging to payments WeChat app would apply to its domestic Weixin platform, potentially limiting fallout from the move. Tencent is the latest Chinese tech giant caught in the crosshairs of an escalated Sino-US cyber war after President Trump said last week the United States would ban WeChat-related transactions in the country. In a call after reporting a 37% rise in second-quarter net profit, executives tried to soothe market sentiment and said the company was in the process of seeking further clarification from relevant parties. Chief financial officer John Lo said Tencent's initial reading was that the US executive order was focused on WeChat in the United States and it did not believe its other businesses there would be affected. The US accounts for less than 2 per cent of Tencent's total revenue, said James Mitchell, chief strategy officer, and likely less than 1% of total advertising revenue. "If you look at the executive orders from May 2019 and then obviously the executive order a couple of days ago, they specify very clearly they cover US jurisdiction, and consequently we don't see any impact on companies advertising on our platform in China," he said. Revenue from online games, which accounts for one-third of total sales, jumped 40% in the second quarter, primarily driven by smart phone games including Peacekeeper Elite and Honour of Kings, as the coronavirus put a dent in other entertainment options. However, the company postponed a blockbuster release of "Dungeon and Fighter Mobile" game, planned for August 12, citing upgrades needed to the game's addiction prevention system. It did not indicate a new release date. Social networks, fintech and business services, and social advertising revenues all grew by nearly 30%. Media advertising revenues fell by 25 per cent however, amid a "challenging macro environment" and delayed content production and releases. The world's largest gaming firm by revenue booked $4.8 billion profit for the three months through June, ahead of an average analysts' estimate of 27.56 billion yuan, according to data from Refinitiv. Revenue rose 29 per cent to 114.88 billion yuan, versus market expectations of 112.76 billion yuan.

WeChat-owner tries to soothe concerns about Trump's proposed US ban

Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan ($5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.

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The figure represents growth of more than 130 per cent&nbsp;compared with the same period a year earlier, said one of the people, who declined to be identified as the matter is private.

ByteDance has set a 2020 revenue target of about 200 billion yuan, the other person said. The first person said ByteDance aims to reach revenue half that of rival Tencent Holdings Ltd.

Tencent, China's leading social media and gaming firm, reported revenue of nearly 377 billion yuan in 2019.

ByteDance declined to comment.

The growth shows the extent to which eight-year-old ByteDance is capturing digital advertising spend. The bulk of the company's revenue is mainly from advertising on its apps in China including news aggregator Jinri Toutiao as well as Douyin, its domestic version of TikTok, the people said, rather than from TikTok itself.

Before ByteDance emerged, China's ad market had been mainly dominated by e-commerce leader Alibaba Group Holding Ltd, search engine operator Baidu Inc and Tencent.

The market grew 1.9% in January-March from the same period a year earlier to be worth 121.2 billion yuan, showed data from iResearch.

ByteDance's apps enjoyed a huge boost in usage at the height of the COVID-19 pandemic as containment measures saw people practicing social distancing and staying at home. In January, six of the 10 most popular apps on China's iOS App Store were owned by ByteDance, according to app performance tracker App Annie.

ByteDance has recently been valued at $95 billion to $140 billion in the market for private secondary trading, two people told Reuters.

The firm is trying to grow and monetise TikTok and last month named Walt Disney Co's former top streaming executive, Kevin Mayer, as TikTok's new chief executive.

Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan ($5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.

Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan ($5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter. Also read: Now, China halts salmon imports over possible link to Beijing outbreak The figure represents growth of more than 130 per cent compared with the same period a year earlier, said one of the people, who declined to be identified as the matter is private. ByteDance has set a 2020 revenue target of about 200 billion yuan, the other person said. The first person said ByteDance aims to reach revenue half that of rival Tencent Holdings Ltd. Tencent, China's leading social media and gaming firm, reported revenue of nearly 377 billion yuan in 2019. ByteDance declined to comment. The growth shows the extent to which eight-year-old ByteDance is capturing digital advertising spend. The bulk of the company's revenue is mainly from advertising on its apps in China including news aggregator Jinri Toutiao as well as Douyin, its domestic version of TikTok, the people said, rather than from TikTok itself. Before ByteDance emerged, China's ad market had been mainly dominated by e-commerce leader Alibaba Group Holding Ltd, search engine operator Baidu Inc and Tencent. The market grew 1.9% in January-March from the same period a year earlier to be worth 121.2 billion yuan, showed data from iResearch. ByteDance's apps enjoyed a huge boost in usage at the height of the COVID-19 pandemic as containment measures saw people practicing social distancing and staying at home. In January, six of the 10 most popular apps on China's iOS App Store were owned by ByteDance, according to app performance tracker App Annie. ByteDance has recently been valued at $95 billion to $140 billion in the market for private secondary trading, two people told Reuters. The firm is trying to grow and monetise TikTok and last month named Walt Disney Co's former top streaming executive, Kevin Mayer, as TikTok's new chief executive.

TikTok owner ByteDance first-quarter revenue soared to around $5.6 billion: Sources

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