That has prompted plans to establish a new regulatory framework for NFTs and the metaverse to operate in mainland China.

ByteDance is testing paid dramas on Douyin, allowing users to pay for individual episodes that are a few minutes long or for the whole show, trailing similar moves from rivals Kuaishou and Tencent this year.

The University of Science and Technology of China’s new programme reflects the government’s focus to increase the number of quantum tech researchers in the country.

The latest wave of lay-offs mainly affects ByteDance’s K-9 education businesses, including flagship brand Guagualong

The latest state-media warning on NFTs comes amid its increasing popularity, with a growing list of Chinese firms openly embracing these so-called digital collectibles.

The UN agency’s recommendations come more than a month after China introduced its own set of ethical guidelines governing artificial intelligence.

Huawei’s Twitter post teases consumers about a ‘100 per cent discount’ on phones it sells in the US, where it is banned from doing business.

China’s cyberspace watchdog has extended its crackdown on the entertainment sector with new regulations restricting what celebrities, their agents and even fans can post on social media.

TikTok owner ByteDance is expanding its e-commerce business at home and abroad, with the latest effort being an app for merchants selling on the short video platform.

President Xi Jinping exhorted the Communist Party, government bodies, online platforms and netizens to ensure the civilised development of the internet.

Xinhua news report confirms influence of body for first time, as Beijing focuses on future tech and science development.

The event comes amid Beijing’s prolonged crackdown on the internet sector and the Big Tech companies behind its rapid development.

Two popular Chinese cryptocurrency news outlets have become inaccessible, as Beijing continues its crackdown on the trading and mining of virtual assets.

TikTok parent ByteDance is expected to post a 60 per cent rise in gross revenues this year on the back of strong advertising sales from its domestic apps Douyin and Jinri Toutiao.

A new regulation drafted by the Cyberspace Administration of China marks the country’s strictest attempt so far to clamp down on the provision of tools for accessing censored overseas websites.

New jobs for fresh graduates at Big Tech companies have declined amid Beijing’s industry crackdown, but hiring remains robust in the strategically important semiconductor industry.

Zhang would post up to 10 times a day on Weibo in the early 2010s, talking about everything from his wife, his back pain, job postings, to book and film reviews.

SAMR has already uncovered 1,570 illegal advertising cases, and fines totalling a combined 30.6 million yuan have been issued.

Yu Minhong, founder of New Oriental, announced that the company will start selling farm produce after closing its after-school tutoring business.

ByteDance’s major reorganisation is a natural transition for the maturing business, as it weathers a tightening regulatory environment, said analysts.

Beijing Deniu Technology CEO Zhang Chaojie was convicted of ‘sabotaging computer systems’ for apps that spoofed Wi-Fi and location data, which he argued ‘isn’t very serious’.

Zhang Yiming, 38, is said to have ceded his board seat to Liang Rubo, his successor as CEO of ByteDance.

The richest person in the world posted a 1,800-year-old poem called The Quatrain of Seven Steps on Twitter without any clear reference.

The separation helps ByteDance and TikTok satisfy the regulatory demands of China and the United States over data privacy, storage and usage, when both governments are trying to exert oversight over the phenomenally successful video-focused social media platform.

One purpose of the policy framework is to encourage exports of ‘films, television episodes and video games’.

TikTok owner ByteDance becomes a casualty in a widely watched legal case involving one of China’s top online stars and her agency.

The two companies’ rebranding moves followed state media’s recent warning of a potentially ‘huge bubble’ in the new digital asset market.

The National Development and Reform Commission has added cryptocurrency mining to a list of industries that China wants to abolish.

The Chinese owner of TikTok faces road blocks in its plan to go public as Beijing revises its data regulatory framework, sources told the South China Morning Post.

The antitrust bureau of the State Administration for Market Regulation posted online that it is looking for 18 new hires as Beijing’s anti-monopoly drive continues unabated.