Followers | 679 |
Posts | 140863 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Saturday, September 11, 2021 10:17:40 AM
By: Reuters | September 11, 2021
SHANGHAI (Reuters) - China's industry ministry has told technology companies including Alibaba (NYSE:BABA) Group Ltd and Tencent Holdings (OTC:TCEHY) Ltd to stop blocking each other's website links from their platforms, the 21st Century Business Herald said Saturday.
The newspaper, citing unnamed sources, said the Ministry of Industry and Information Technology proposed standards to companies on Friday for instant messaging services, telling them all platforms must be unblocked by a certain time.
The ministry said it may have to resort to other measures if the firms did not comply, the newspaper said.
The move is the latest in a regulatory crackdown spanning industries from tech to entertainment and gaming companies.
Companies that attended the meeting included Alibaba, Tencent, ByteDance, Baidu Inc (NASDAQ:BIDU), Huawei Technologies Co and Xiaomi (OTC:XIACF) Corp, the newspaper said. The companies did not immediately respond to requests for comment.
China's internet is dominated by a handful of technology giants who have historically blocked links and services by rivals on their platforms, creating what analysts have described as "walled gardens".
Regulators in recent months have cracked down, accusing companies of building monopolies and restricting consumers' choices.
In July, the Wall Street Journal reported that Alibaba and Tencent were gradually considering opening up their services to each other, such as by introducing Tencent's WeChat Pay to Alibaba's Taobao and Tmall e-commerce marketplaces.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent TCEHY News
- Wall Street Highlights: Apple Appeals Watch Ban, Tesla to Launch Updated Model Y, and More • IH Market News • 12/27/2023 11:08:22 AM
- Correction to Global Gaming Stocks Article • Dow Jones News • 12/22/2023 12:32:00 PM
- Global Gaming Shares Dive After China Proposes Online-Gaming Curbs -- 2nd Update • Dow Jones News • 12/22/2023 12:13:00 PM
- Global Gaming Shares Fall After Draft China Rules Released -- Update • Dow Jones News • 12/22/2023 10:28:00 AM
- Moody’s Reassesses China, GitLab Exceeds Estimates, Twilio Plans Major Layoffs, and More • IH Market News • 12/05/2023 11:25:58 AM
- Canada Bans WeChat, Kaspersky Apps on Government Devices • Dow Jones News • 10/30/2023 05:12:00 PM
- Crypto This Friday: THORSwap Resumes Operations, Paolo Ardoino Takes Over as Tether CEO, and More • IH Market News • 10/13/2023 05:46:35 PM
- New Alibaba Group CEO Lays Out Strategic Priorities For Staff • IH Market News • 09/12/2023 11:11:16 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM