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Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO

by Anas Siddiqui
Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO

China’s central bank has agreed that Ant Group’s mobile payment app Alipay has no controller, a crucial step in the fintech giant’s overhaul deemed necessary to put its much-anticipated initial …

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China’s finance influencers face stricter rules on Tencent’s live-streaming channels as Beijing moves to shore up confidence on economy

by Anas Siddiqui
China’s finance influencers face stricter rules on Tencent’s live-streaming channels as Beijing moves to shore up confidence on economy

Tencent Holdings has tightened its rules for live streamers producing financial content on its popular social media platform WeChat, as Beijing ramps up scrutiny of online speech to arrest waning …

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Inspirational: severely disabled man in China who defied death predictions passes away after making most of life to support family

by Ron Morgan
Inspirational: severely disabled man in China who defied death predictions passes away after making most of life to support family

A courageous man in China has passed away at the age of 40 after a decades-long battle with a rare muscle disease, but his optimistic attitude to life has inspired …

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Microsoft Said to Plan ‘Super App’ to Loosen Grip of Google, Apple on Mobile Search Space

by Maya Ortiz
Microsoft Said to Plan ‘Super App’ to Loosen Grip of Google, Apple on Mobile Search Space

Microsoft recently considered building a “super app” that could include shopping, messaging, news and web search services among others, The Information reported on Tuesday, citing people familiar with the matter. …

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Beijing court’s ruling that AI-generated content can be covered by copyright eschews US stand, with far-reaching implications on tech’s use

by Anas Siddiqui
Beijing court’s ruling that AI-generated content can be covered by copyright eschews US stand, with far-reaching implications on tech’s use

The Beijing Internet Court ruled that the AI-generated image was an artwork and ordered the defendant Liu to issue a public apology as well as pay the plaintiff 500 yuan …

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China’s broadcasting regulator to increase control over country’s booming short web drama market

by Anas Siddiqui
China’s broadcasting regulator to increase control over country’s booming short web drama market

China’s broadcasting regulator is looking to tighten control over the growing short web drama market – including a sweeping review of each series’ cast, production, marketing and social values – …

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Tencent reports better-than-expected third-quarter profit, revenues up on ‘high quality’ growth in ads, games

by Anas Siddiqui
Tencent reports better-than-expected third-quarter profit, revenues up on ‘high quality’ growth in ads, games

Tencent Holdings, operator of China’s biggest social media app and the world’s largest gaming business by revenue, reported a profit decline for the third quarter of 2023 that was still …

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Chinese tech companies’ frenzy over AI large language models ‘a huge waste of resources’, Baidu CEO says

by Anas Siddiqui
Chinese tech companies’ frenzy over AI large language models ‘a huge waste of resources’, Baidu CEO says

Li, the co-founder, chairman and chief executive of Chinese internet search giant Baidu, told his audience at the annual X-Lake Forum in Shenzhen on Wednesday that this frenzy over LLMs …

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Tencent’s WeChat ties up with digital wallets of China’s Big Telcos in latest breach of mobile payments ‘walled garden’

by Anas Siddiqui
Tencent’s WeChat ties up with digital wallets of China’s Big Telcos in latest breach of mobile payments ‘walled garden’

Tencent Holdings has partnered up with China’s three biggest telecommunications operators, allowing users of digital wallets from China Mobile, China Telecom and China Unicom to make payments by scanning WeChat …

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Chinese social media platforms Weibo, WeChat and Douyin’s real-name authentication rule for influencers to benefit operations amid tightened online regulation, analysts say

by Anas Siddiqui
Chinese social media platforms Weibo, WeChat and Douyin’s real-name authentication rule for influencers to benefit operations amid tightened online regulation, analysts say

Efforts by mainland China’s largest social media operators to get popular influencers to display their true identities online are expected to benefit these platforms’ operations, according to analysts, as Beijing …

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