RECENT ARTICLES
India's Chinese app ban seen jolting ByteDance's India plans, angers some TikTok users
By , NEW DELHI/HONG KONG (Reuters) - An Indian ban on dozens of Chinese apps following a border clash between the two nations has possibly derailed a $1 billion India expansion plan of China’s ByteDance, while also sparking an uproar from users of its popular TikTok video app.TikTok was blocked on Google and Apple app stores in India after New Delhi said on Monday night it was among the 59 apps which it believed posed a “threat to sovereignty and integrity”. Late on Tuesday, TikTok’s already downloaded versions on phones in India stopped showing any videos.With more than 600 million...…By , NEW DELHI/HONG KONG (Reuters) - An Indian ban on dozens of Chinese apps following a border clash between the two nations has possibly derailed a $1 billion India expansion plan of China’s ByteDance, while also sparking an uproar from users of its popular TikTok video app.TikTok was blocked on Google and Apple app stores in India after New Delhi said on Monday night it was among the 59 apps which it believed posed a “threat to sovereignty and integrity”. Late on Tuesday, TikTok’s already downloaded versions on phones in India stopped showing any videos.With more than 600 million...WW…
Exclusive: Tencent's Timi gaming studio generated $10 billion in 2020, sources say
By , (Reuters) - Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters.The $10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case.It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation,...…By , (Reuters) - Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters.The $10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case.It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation,...WW…
Chinese users flock to U.S. chat app Clubhouse, evading censors
By , BEIJING/HONG KONG (Reuters) - Private social audio app Clubhouse is attracting masses of new users from mainland China, where the U.S. app remains uncensored by authorities despite flourishing discussions on rights, national identity and other sensitive topics.Slideshow Western social media apps including Twitter, Facebook and YouTube are banned in China, where the local internet is tightly censored to weed out content that could undermine the ruling communist party.The Clubhouse app, launched in early 2020, saw explosive growth in user numbers earlier this month after Tesla CEO Elon...…By , BEIJING/HONG KONG (Reuters) - Private social audio app Clubhouse is attracting masses of new users from mainland China, where the U.S. app remains uncensored by authorities despite flourishing discussions on rights, national identity and other sensitive topics.Slideshow Western social media apps including Twitter, Facebook and YouTube are banned in China, where the local internet is tightly censored to weed out content that could undermine the ruling communist party.The Clubhouse app, launched in early 2020, saw explosive growth in user numbers earlier this month after Tesla CEO Elon...WW…
NYSE may make second U-turn on China telecom delistings amid confusion over policy
By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) -The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...…By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) -The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...WW…
NYSE may make second U-turn on China telecom delistings amid confusion over policy
By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...…By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...WW…
NYSE may make second U-turn on China telecom delistings amid confusion over policy
By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...…By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...WW…
Apple removes 39,000 game apps from China store to meet deadline
By HONG KONG (Reuters) - Apple removed 39,000 game apps on its China store Thursday, the biggest removal ever in a single day, as it set year-end as deadline for all game publishers to obtain a licence.The takedowns come amid a crackdown on unlicensed games by Chinese authorities.Including the 39,000 games, Apple removed more than 46,000 apps in total from its store on Thursday. Games affected by the sweep included Ubisoft title Assassin’s Creed Identity and NBA 2K20, according to research firm Qimai.Qimai also said only 74 of the top 1,500 paid games on Apple store survived the purge.Apple...…By HONG KONG (Reuters) - Apple removed 39,000 game apps on its China store Thursday, the biggest removal ever in a single day, as it set year-end as deadline for all game publishers to obtain a licence.The takedowns come amid a crackdown on unlicensed games by Chinese authorities.Including the 39,000 games, Apple removed more than 46,000 apps in total from its store on Thursday. Games affected by the sweep included Ubisoft title Assassin’s Creed Identity and NBA 2K20, according to research firm Qimai.Qimai also said only 74 of the top 1,500 paid games on Apple store survived the purge.Apple...WW…
Over 2,500 games removed from Apple's China App Store after loophole shuts: data firm
By HONG KONG (Reuters) - More than 2,500 mobile games were removed from Apple’s China app store in the first week of July, four times as many in the same period in June, after Apple closed a loophole to comply with Chinese licence requirements, data from SensorTower showed.Apple had given publishers of revenue-generating games a deadline of end-June to submit a government-issued licence number that allows them to make in-app purchases, a requirement that Android-based app stores in China have long had. It was not clear why Apple had allowed the loophole to exist for so long.Notable games...…By HONG KONG (Reuters) - More than 2,500 mobile games were removed from Apple’s China app store in the first week of July, four times as many in the same period in June, after Apple closed a loophole to comply with Chinese licence requirements, data from SensorTower showed.Apple had given publishers of revenue-generating games a deadline of end-June to submit a government-issued licence number that allows them to make in-app purchases, a requirement that Android-based app stores in China have long had. It was not clear why Apple had allowed the loophole to exist for so long.Notable games...WW…
Indian PM Modi shuts Weibo account after banning Chinese apps
By , HONG KONG/NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi has deleted his account on Sina Weibo, China’s answer to Twitter, an Indian government source and the company said, as tensions between the two countries continue to simmer over a border skirmish.Since posting on Sina Weibo the first time in 2015 during a visit to China, Modi has been an infrequent user of the Chinese social media platform. He had more than 200,000 followers and 100 posts before the account was shut.Sina Weibo announced the closure of the account late on Wednesday and the removal comes a few days after...…By , HONG KONG/NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi has deleted his account on Sina Weibo, China’s answer to Twitter, an Indian government source and the company said, as tensions between the two countries continue to simmer over a border skirmish.Since posting on Sina Weibo the first time in 2015 during a visit to China, Modi has been an infrequent user of the Chinese social media platform. He had more than 200,000 followers and 100 posts before the account was shut.Sina Weibo announced the closure of the account late on Wednesday and the removal comes a few days after...WW…
Sony invests $400 million in Chinese video site Bilibili
By SCA, wholly owned subsidiary of Sony Corp, will subscribe for 17,310,696 newly issued Class Z ordinary shares of Bilibili at $23.1071 per share, Bilibili said.Upon closing, SCA will beneficially own approximately 4.98% of Bilibili’s total issued shares, with a lock-up period of six months, it added.Bilibili and Sony will further collaborate in the entertainment business in China, including in anime and video games, Bilibili said.“Sony’s investment further aligns us with the world’s leader in entertainment and technology, which will enhance our capability to bring high-quality content and...…By SCA, wholly owned subsidiary of Sony Corp, will subscribe for 17,310,696 newly issued Class Z ordinary shares of Bilibili at $23.1071 per share, Bilibili said.Upon closing, SCA will beneficially own approximately 4.98% of Bilibili’s total issued shares, with a lock-up period of six months, it added.Bilibili and Sony will further collaborate in the entertainment business in China, including in anime and video games, Bilibili said.“Sony’s investment further aligns us with the world’s leader in entertainment and technology, which will enhance our capability to bring high-quality content and...WW…