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06.02.26 - 17:01
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Kuaishou Hit With Fresh Penalty After Livestreaming Breakdown (Caixin)
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China's short-video giant Kuaishou Technology Co. Ltd. has been fined 119.1 million yuan ($17.1 million) by Beijing's cyberspace regulator for failing to promptly deal with a surge of pornographic and vulgar content that flooded its platform late last year.
... Read more...
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06.02.26 - 14:48
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China fines firms for fake ChatGPT and DeepSeek services in IP theft crackdown (SCMP)
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China's market regulator has penalised several companies for posing as DeepSeek and OpenAI's ChatGPT to defraud users, in its latest crackdown on unfair competition and intellectual property (IP) theft in the artificial intelligence sector.
The State Administration for Market Regulation (SAMR), China's market watchdog, fined Shanghai Shangyun Internet Technology 62,692.70 yuan (US$9,034) for operating a fraudulent ChatGPT service on Tencent Holdings' super app WeChat.
The service posed as the......
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06.02.26 - 13:36
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Alibaba′s bubble tea giveaway pushes Qwen past Tencent′s Yuanbao to top of China App Store (SCMP)
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Hours after Alibaba Group Holding began offering freebies including bubble tea through its artificial intelligence app Qwen on Friday, a surge in downloads pushed the chatbot past Tencent Holdings' Yuanbao to the top of China's Apple App Store, climbing from 10th place a day earlier.
More than 10 million free orders – worth 250 million yuan (US$36 million) – were placed within nine hours using vouchers capped at 25 yuan through Qwen, its team said on its official Weibo account.
The surge in......
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06.02.26 - 12:00
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Watchdog slaps China′s Kuaishou with US$17 million fine after explicit content probe (SCMP)
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China's internet watchdog has fined Kuaishou Technology 119.1 million yuan (US$17 million) for hosting explicit live-streaming content, just days after the operator of the country's second-largest short-video platform was penalised over e-commerce violations.
Beijing's Cyberspace Administration launched an investigation following reports of a surge in pornographic and vulgar streams.
The probe found the platform had failed to meet its cybersecurity obligations, fix system vulnerabilities in......
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06.02.26 - 11:30
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HKD4.3B Southbound Trading Net Inflow to TENCENT (AAStocks)
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There was HKD4.3 billion, HKD1.7 billion and HKD589.5 million Southbound Trading net inflow to TENCENT (00700.HK), BABA-W (09988.HK) and POP MART (09992.HK).There was HKD78.7 million Southbound Trading net outflow from YOFC (06869.HK). For Southbound Trading of Shanghai-Hong Kong Stock Connect, TENCENT (00700.HK) was the most ac......
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06.02.26 - 11:15
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IPO: Thai Meituan LINE MAN Wongnai Mulling HK or US IPO: Wire (AAStocks)
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Thai tech company LINE MAN Wongnai (LMWN), backed by Singapore's sovereign wealth fund GIC and dubbed the "Thai Meituan", is evaluating the possibility of listing in Hong Kong and the US to seek more investor demand and higher valuations, Bloomberg reported, citing sources.CEO Yod Chinsupakul said that a final deci......
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06.02.26 - 10:06
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Stocks fall, Xi-Trump-Putin calls, Japan election (SCMP)
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Hong Kong and Chinese stocks had their worst week in almost three months, as risk appetite crumbles worldwide.
The Hang Seng Index fell 3.3 per cent in Hong Kong and the CSI300 Index lost 1.3 per cent, as both gauges suffered their biggest weekly declines since November. Technology stocks were the biggest fallers in Hong Kong, including chipmaker SMIC, and internet companies Kuaishou, Baidu and Tencent.
The sell-off was part of a global rout, with bitcoin slumping to a 15-month low, gold and......
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