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TikTok is currently facing increased scrutiny in the European Union. Photo: Shutterstock

TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside US, Asia

ByteDance-owned TikTok attributed that increase to its growing user base, improved ad performance and greater live-streaming revenue.

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LinkedIn halts Hong Kong users’ data collection for GenAI: privacy watchdog

My Take | Unusual draft law signals China’s resolve to protect private economy

Hong Kong names accounting regulator Kelvin Wong as next SFC chairman

Wong, 63, will serve a three-year term leading the market watchdog starting on October 20, replacing current chairman Tim Lui.

Kelvin Wong Tin-yau, current chairman of the Accounting and Financial Reporting Council, pictured at Two Taikoo Place in Quarry Bay on Feburary 7, 2024. Photo: Jonathan Wong

Discount shopping giant Temu enters Vietnam and Brunei amid Indonesia ban

The latest expansion initiatives of Temu reflect its efforts to grow in Southeast Asia, home to nearly 700 million people.

TikTok slashes hundreds of jobs in shift towards AI content moderation

Short-video platform TikTok currently employs a mix of automated detection and human moderators to review content posted on the site.

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China curbs ‘excessive’ law enforcement in quest to quell private sector doubts

Law enforcement practices that have raised the hackles of private businesses in China coming under fire from top officials.

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Chinese officials have pledged to rein in law enforcement practices which have cooled private sector confidence. Photo: AP

China releases widely watched law draft concerning promotion of private sector

Newly proposed legislation is intended to address lingering concerns among private firms while creating a fair and predictable business environment.

US charges crypto firms and staff with fraud, including 2 from Hong Kong

Prosecutors say the defendants engaged in sham trades to artificially inflate the trading volume of cryptocurrency tokens.

US weighs Google break-up in historic Big Tech antitrust case

The US Justice Department may propose a forced sell-off of parts of Google’s business to prevent illegal monopolisation.

The US Justice Department is considering asking a federal judge to force Google to sell off parts of its business. Photo: Reuters

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

The current investor euphoria has been aroused by the proliferation of upbeat short-video posts on Chinese social media.

What is unfolding could well be the nation’s first bull run in the era of ubiquitous short-video sharing in Chinese social media. Photo: Bloomberg

Golden week: China’s property market gets boost from Beijing’s stimulus measures

Strong sales in Shenzhen during the week-long holiday reflect the impact of recent wide-ranging stimulus measures rolled out by Beijing.

As Chinese firms expand overseas, spotlight turns on cross-border disputes

Beijing urged to consider importance of international arbitration in resolving issues and protecting national interests in global markets.

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Malaysia’s palm oil lobby welcomes ‘sensible’ reprieve from EU deforestation law

The delay gives producers more time to comply with the complex regulations, which were originally set to come into effect on December 30.

Workers load harvested palm oil fruit bunches onto a truck at a plantation in Selangor, Malaysia. Photo: Bloomberg

Opinion | To unlock AI’s potential for good, we all need to work together

UN report with principles and recommendations for international AI governance aims to ensure the technology serves the public interest.

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UN Secretary General Antonio Guterres speaks at the opening ceremony of the General Debate of the 79th session of the United Nations General Assembly in New York on September 24, amid growing calls for more international cooperation to address issues such as AI. Photo: Xinhua

China urges audit firm PwC to strictly abide by rules and regulations

China’s vice-finance minister met PwC’s chief in Beijing following a hefty fine and suspension handed to the firm’s mainland unit over auditing failures at Evergrande.

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Former Chinese finance official urges crypto research as US softens stance

Former finance vice-minister Zhu Guangyao called cryptocurrencies a ‘crucial aspect for the development of the entire digital economy’.

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Shanghai, tier-1 cities remove more curbs in major boost to property market

Guangzhou is setting the tone for policy deregulation across the country, says Yan Yuejin of E-house China Research and Development Institute.

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China’s property market is taking a bullish turn, thanks to Beijing’s stimulus and easier rules by local authorities. Photo: Xiaomei Chen

Opinion | Can we curb our destructive behaviour before AI takes control?

If we want to retain control over our lives and the planet, we must rebuild trust and goodwill while restraining our desire for conflict and dominance.

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Opinion | What Australia’s quest for nuclear-powered submarines tells us

The Aukus deal underlines the enduring appeal of submarines to a modern military, amid advances in warfare technologies, but acquiring one isn’t that easy.

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China approves 109 video games in September as Wukong fever remains high

China’s video game regulator has approved an average of 107 titles per month this year, as gamers question whether Black Myth: Wukong marks a turning point.

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A boy plays the video game Black Myth: Wukong in a Sony store in Shanghai on August 26, 2024. Photo: EPA-EFE

EU mulls curbs on China’s surging fast fashion online retailers

European Commission considers punitive actions to curb explosive market growth of Chinese merchants deemed ‘direct threat’ to European producers.

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Surging shipments of low-value items from China to the EU have sparked calls for greater scrutiny, and curbs. Photo: Reuters

Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

‘Environmental sin’: Indonesia slammed for reversal on sea sand export ban

Environmental activists warn lifting the ban could devastate marine life and endanger small islands already threatened by erosion.

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Fiat, Jeep owner Stellantis’ CEO follows Chinese path to shun EV tariff ‘trap’

Carlos Tavares, CEO of Stellantis, a major investor of EV maker Leapmotor, said the best way to compete is to ‘try to be Chinese ourselves’.

Stellantis chief executive Carlos Tavares. Photo: Reuters

California governor signs law to protect children from social media addiction

The legislation addresses concerns that social media is taking a toll on the mental health of young children.

California Governor Gavin Newsom signed into state law a bill to protect children from social media addiction. File photo: AP

Google wins EU ads abuse case, overruling €1.5 billion fine

The EU’s Google cases marked the centrepiece of antitrust chief Margrethe Vestager’s bid to rein in Silicon Valley.

Hong Kong lawmakers seek tougher prepayment protection after Physical gym closure

One legislator flags case in which a Hongkonger paid HK$200,000 for three-decade membership that will last until she is 85.

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Regulation
The latest news, analysis and opinion on Regulation. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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