U.S., 11th August: It is being reported that earlier this year, the Cyberspace Administration of China (CAC) released the new regulations imposing more limitations on the news produced and distributed by online platforms. Earlier this month, the Beijing and Guangdong branches of CAC began investigating reports of news content featuring “violence, pornography and rumours disruptive to the social order.”
Leading online services providers in China, Tencent Holdings, Baidu Inc. and Weibo Corp. were each investigated by China’s online watchdog following reports of violations at their news services. According to various media reports, Tencent, Baidu and Weibo will cooperate with the central government to remove questionable content and to rectify any remaining issues.
Yujie Li, an analyst with RHB Research Institute, commented, “The government will conduct such checks every year and I don’t see this having any impact on the long-term development of the company. People use WeChat and Weibo not for such illegal information, so I don’t think this probe will affect the companies.”
Source: Bloomberg News article