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Cyberspace Administration of China

Chinese ride-hailing giant Didi reports record transaction value for June quarter

by Anas Siddiqui
Chinese ride-hailing giant Didi reports record transaction value for June quarter

Chinese ride-hailing giant Didi Global on Wednesday said that both order volume and transaction value reached record highs during the three months through June. Orders in both China and overseas …

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China names and shames agents offering unauthorised access to ChatGPT on the mainland

by Anas Siddiqui
China names and shames agents offering unauthorised access to ChatGPT on the mainland

The Cyberspace Administration of China (CAC) and other local authorities have meted out punishments to several website operators during the first half of this year for offering unauthorised access to …

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AI start-up HeyGen raises US$60 million after pivoting away from mainland China investors

by Anas Siddiqui
AI start-up HeyGen raises US million after pivoting away from mainland China investors

Generative artificial intelligence (AI) start-up HeyGen has raised US$60 million in its series A funding round, months after dissolving its mainland Chinese operation amid heightened tensions between Washington and Beijing. …

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Chinese ride-hailing giant Didi Chuxing says it has no timetable for Hong Kong IPO

by Anas Siddiqui
Chinese ride-hailing giant Didi Chuxing says it has no timetable for Hong Kong IPO

Chinese ride-hailing giant Didi Chuxing, whose New York initial public offering (IPO) in 2021 triggered a cybersecurity investigation by mainland authorities that led to its delisting and a $1.2 billion …

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Tencent’s WeChat breaks ranks to ban digital influencers in live streaming

by Anas Siddiqui
Tencent’s WeChat breaks ranks to ban digital influencers in live streaming

Chinese social media giant Tencent Holdings plans to ban digital hosts powered by artificial intelligence (AI) on its live-streaming commerce platforms, as Beijing tightens controls over AI-generated content. Weixin Channel, …

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Tencent’s WeChat requires disclosure of AI-generated content to combat misinformation

by Anas Siddiqui
Tencent’s WeChat requires disclosure of AI-generated content to combat misinformation

“If the content is AI-generated, it must be labelled,” WeChat said on Wednesday via its content-security account, Shanhu – the Chinese word for “coral”. The super app, marketed as Weixin …

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Why China-founded online fast-fashion retailer Shein is looking to go public in London

by Anas Siddiqui
Why China-founded online fast-fashion retailer Shein is looking to go public in London

People shop at online fast-fashion retailer Shein’s pop-up store in Ottawa, Ontario, Canada, on May 18, 2024. Photo: Reuters The pressure comes from these investors’ hopes of cashing out, according …

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China-founded online fast-fashion retailer Shein to file IPO in London: UK media reports

by Walter Watson
China-founded online fast-fashion retailer Shein to file IPO in London: UK media reports

Fast-fashion retailer Shein, which thrives on a business model that sells budget made-in-China consumer goods overseas, is set to file an initial public offering (IPO) in London this week, according …

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Exclusive | Hong Kong’s accounting watchdog ready to flex regulatory muscle after accumulating all disciplinary roles, chairman says

by Anas Siddiqui
Exclusive | Hong Kong’s accounting watchdog ready to flex regulatory muscle after accumulating all disciplinary roles, chairman says

“Likewise, the number of investigations we can handle is getting higher, which is reflected in our higher headcount and budget.” The AFRC, formerly known as the Financial Reporting Council, was …

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Chinese corporate data provider Qichacha to launch overseas platform after Beijing approval amid regulatory easing

by Anas Siddiqui
Chinese corporate data provider Qichacha to launch overseas platform after Beijing approval amid regulatory easing

Qichacha, one of China’s biggest corporate database operators, said that it has passed a data export security assessment that allows it to launch a new platform for overseas users, a …

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