Regulatory crackdown


Sunway aborts live-streaming sales move amid regulatory clampdown

Sunway aborts live-streaming sales move amid regulatory clampdown

(ATF) The shares of Sunway have continued falling after the Shanghai-listed special cable-maker said it will not be acquiring a majority stake in Chinese TikTok star Luo Yonghao’s live-streaming e-commerce start-up after a change in the country's regulatory environment.Sunway, based in Leshan in Sichuan province, decided to drop its previously …

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Tencent's market value plunges $89 bn from anti-monopoly move

 Tencent's market value plunges $89 bn from anti-monopoly move

(ATF) China’s new rulings on internet platforms has landed with the impact of an e-commerce Black Friday event. While internet platforms smashed online retail sales records from ‘Double 11’, the share prices of top online retailers in China plummeted. Tencent was especially mauled.The newly released Anti-monopoly Guidelines on Platform Economy …

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