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Beijing has launched wide-ranging regulatory crackdowns in sectors such as technology, education and entertainment.
In recent days China’s leaders have been going all out to reassure investors that it is committed to reform and opening up. There are reasons to believe Beijing is serious this time, having realised the crucial role the private sector must play to revitalise the economy.
Beijing is ready to call it a day after a two-year crackdown on ‘new economy’ businesses, and the industry can expect support from now on.
China issues licences for new titles after publishers clean up their act and young enthusiasts learn to limit their playing time.
Nearly 5 million party members have been caught in China’s anti-corruption dragnet over the past decade. Yet a decisive victory still looks elusive, despite claims to the contrary.
An article from the Chinese Academy of History asserts that the country’s past isolationist policy was a self-defence strategy against Western colonisation.
- Gauth was the second most-downloaded education app for Apple iOS devices in the US as of Wednesday, behind language-learning platform Duolingo
- Beyond the US, Gauth has also become widely popular in Canada and the Philippines
A former popular TV hostess-turned-successful business person in China has been slammed for showering her teenage daughter with expensive clothes and cash.
China’s stockbrokers took another pay cut in 2023 as the double whammy of a slumping equities market and a government crackdown on corporate extravagance eroded the incomes of financial workers. Things don’t look much better this year, one fund manager says.
The star of several popular TV shows in China, who fell from grace after a series of scandals, has been accused of hiding assets so that she does not have to pay firms suing her.
Chinese regulators have stepped up scrutiny of online attacks targeting domestic entrepreneurs, as Beijing looks to restore private-sector confidence to revive a sluggish post-Covid economy.
Tencent is said to have snapped up some of ByteDance’s ditched video gaming projects amid continued industry consolidation.
Celebrities in China can get into serious trouble for violating the law or breaching cultural sensitivities, and they often struggle to make a comeback. The Post finds out where they are now.
Premier Li Qiang says Beijing will help unity ‘between the military and the government, and between the military and the people’.
Michael Yu Minhong saw his wealth slashed when China’s leadership cracked down on private tutoring businesses, and now he’s calling for market economy rules to be respected.
At least 18 South Korean video games have been granted licences for commercial release in mainland China since late 2022.
A short ban on ride-hailing services at one of China’s busiest airports has generated concerns that other ‘sweeping’ regulatory moves could be in the pipeline, throttling consumer confidence and blunting economic growth.
Lack of detail on a crucial economic policy meeting, along with other messaging that indicates emphasis on political cohesion, suggests growth and recovery are still not top of mind for China’s leadership.
Wang Xiaojun, who will be removed from country’s top advisory body, led development of Long March 7 rockets used to resupply Tiangong space station and launch satellites
The Shenzhen-based internet giant must find new lifelines in its video gaming and social media operations, Ma told employees at the firm’s annual meeting.
The 115 video game approvals tops the 105 approved in December as Beijing seeks to signal support for the industry after scrapping controversial new rules.
The successful US launch of spot bitcoin exchange-traded funds is expected to help move Hong Kong regulators closer to authorising similar cryptocurrency funds to operate in the city.
The Shanghai Municipal Tax Service’s explainer became widely circulated on Sunday after some local crypto enthusiasts suggested that authorities are starting to acknowledge the legitimacy of cryptocurrencies.
Top official’s departure comes as Beijing attempts to limit the damage from draft rules aimed at reining back spending on video games, which sparked a market rout.
Beijing’s December batch of game approvals is the most since July 2022, in a positive signal to the industry after draft rules tightening user spending.
Beijing is moving to curb excessive spending on video games across the country, according to a new draft regulation, dealing another blow to the world’s largest video gaming market after a lengthy government crackdown.
New Oriental’s East Buy fired Sun Dongxu after he appeared to back the idea that star live-streamer Dong Yuhui was taking too much credit for the company’s success.
An education policy enacted six years ago means that only half of junior high students in China can go on to get academic degrees in the country, and many parents don’t like those odds.
Two years since China passed education reforms to lower schoolwork burdens and reduce inequalities in education outcomes, the divide only appears to have grown wider and deeper.
Tencent-backed Ubisoft, NetEase, Perfect World, Lilith Games and Hypergryph lead list of major video game publishers with approved titles in November.
Misconduct in the industry, from fraudulent advertising to misleading pricing, should be addressed and punished, the piece argues, in a sign that government attitude towards the sector may be shifting.
Ministry of Public Security says cyberbullying had been rampant, resulting in some victims killing themselves or becoming mentally ill.
The social media giant is cutting hundreds of jobs at its flagship Nuverse studio, and will shut down development on most unlaunched titles a year after cuts at two related studios.
