US TIKTOK CRACKDOWN
China's crackdown on 'wealth-flaunting' social media puts pressure on influencers to echo the party line
Chinese regulators crack down on social media influencers flaunting wealth, contrasting with US mental health concerns. The campaign targets extravagant displays, reflecting wider fears of subversive views. Public support for authoritarian measures shapes the crackdown, including pressure on Taiwanese influencers. The effort aligns with China's goal of managing its vast online population under President Xi Jinping's watchful eye.
How TikTok grew from a fun app for teens into a potential national security threat
TikTok's tumultuous journey includes growth from a teen app to a global trendsetter, facing national security concerns and ownership disputes. The app navigates controversies, bans, and security issues, culminating in a congressional bill for a U.S. sale or ban.
Chuck Schumer says US Senate can make progress on TikTok bill
The Senate is returning to work next week after a two-week recess. The U.S. House of Representatives voted 352-65 on March 13 to give TikTok's Chinese owner, ByteDance, about six months to divest the U.S. assets of the short-video app, or face a ban.
European regulators crack down on Big Tech
Apple, Meta Platforms and Google are set to be investigated for potential violations of the European Union's Digital Markets Act (DMA) that could lead to fines of up to 10% of their global annual turnover, according to people with direct knowledge of the matter.
Americans invested billions in Chinese companies, now their money is stuck
As recently as 2021, venture investors were pouring nearly $47 billion into Chinese companies, according to PitchBook. It's not just venture capital at risk. U.S. public pensions and university endowments invested about $146 billion from 2018 to 2022, according to Future Union, an advocacy group focused on exploring U.S. investments abroad.
US House to vote on TikTok crackdown; fate uncertain in Senate
The vote comes just over a week since the bill was proposed and after one public hearing with little debate. The House Energy and Commerce Committee last week voted 50-0 in favor of the bill, setting it up for a vote before the full House.
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Biden says he would sign TikTok crackdown, Trump raises concerns
President Biden plans to sign ByteDance divestiture bill for TikTok. Republican Donald Trump, expressed objections to banning TikTok
Donald Trump raises concerns about US ban on TikTok
The former Republican president seeking a return to the White House wrote late Thursday on social media site Truth Social "if you get rid of TikTok, Facebook... will double their business," and added he does not want Facebook "doing better."
US House to vote next week on TikTok crackdown bill
The U.S. House of Representatives is set to vote on legislation that would ban TikTok in the U.S. unless China's ByteDance divests from the app within six months. The bill aims to address national security concerns and protect user data. It has garnered support from the White House, but its potential consequences for ByteDance, the U.S.
New push in Congress to ban TikTok or force Chinese divestiture gains steam
Committee approval would set up a vote by U.S. House of Representatives that represents the first significant momentum for a U.S. crackdown on TikTok, which about 170 million U.S. users.
China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact
Tens of thousands of people, mostly but not all Chinese, have become ensnared in cyber scam networks run by powerful Chinese criminal syndicates in Southeast Asia.
TikTok shuts shopping feature in Indonesia following ban
TikTok, a hugely popular short-form video platform, shut down its Shop apparatus in Indonesia on Wednesday after the country banned commerce on social media platforms to protect local business owners, a setback for the app's new venture in a major market.
Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe
Since 2019, western e-commerce platforms like Amazon and Facebook have experimented with livestreaming e-commerce after seeing the success of Chinese platforms like Alibaba's Tmall and Taobao, and Douyin, TikTok's Chinese counterpart in China.
US lawmakers consider changes to TikTok crackdown bill
The legislation endorsed by the White House would grant the Commerce Department new authority to review, block, and address a range of transactions involving foreign information and communications technology that pose national security risks.
Netflix expands password-sharing crackdown worldwide
Netflix said early this year that more than 100 million households were sharing accounts at the service, "impacting our ability to invest in great new TV and films."
Italy watchdog to review other AI systems after ChatGPT brief ban
Italy's data protection authority Garante plans to review other artificial intelligence platforms and hire AI experts, a top official said, as it ramps up scrutiny of the powerful technology after temporarily banning ChatGPT in March.
Big Tech crackdown looms as EU, UK ready new rules
The updates help solidify Europe's reputation as the global leader in efforts to rein in the power of social media companies and other digital platforms.
Netflix subscribers at record high, password crackdown coming
The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had delayed a broad crackdown on sharing of account passwords "to improve the experience for members." Netflix said it expects to begin rolling out its options for paid password sharing this quarter instead.
18% GST on online games of skill, 28% on games of chance; Mumbai Apple store zone a no-go area for rival brands
Online games based on chance, such as betting, casinos, and horse racing, are likely to be charged a Goods and Services Tax (GST) rate of 28%, according to a recommendation by the Group of Ministers (GoM) tasked with reviewing GST on online gaming.
UAE spy chief’s firm buys into ByteDance at $220-billion value
G42, controlled by United Arab Emirates royal Sheikh Tahnoon bin Zayed Al Nahyan, acquired a $100 million-plus stake from existing investors in recent months through its 42XFund.
President Xi accuses US of leading western nations to suppress China
Besides the continuing trade war, the US has stepped up its crackdown against Chinese tech giants like Huawei. In its latest action, the US, besides the European Union, have banned the Chinese social media app TikTok from the phones used by officials to protect data of their phones.
SoftBank’s Masayoshi Son in India next week; why Sebi cracked down on YouTube influencers
SoftBank Corporation founder and chief executive Masayoshi Son is expected to visit India next week after a gap of over four years, sources familiar with his plans told us.
India TikTok ban set important precedent: FCC chief; restaurants, cloud kitchens see 30-35% jump in NYE orders
Happy New Year! Here’s hoping 2023 is kinder to tech firms and startups than 2022 was. Today, we bring you an exclusive interview with US Federal Communications Commission chief Brendan Carr, who told us that India set an important precedent by banning Chinese short-video app Tik Tok in 2020. At least 20 of 50 American states have banned the app on state government devices, with the number set to increase in 2023, he added.
India set an important precedent by banning TikTok: FCC commissioner Brendan Carr
In an exclusive interview with ET, US FCC Commissioner Brendan Carr said “banning TikTok is a natural next step in our efforts to secure communication networks.
TikTok denies setting up 'illegal operations' in Taiwan
The Mainland Affairs Council (MAC), Taiwan's top China policy-making body, said the cabinet had requested a multi-agency investigation during a meeting on security issues posed by TikTok earlier this month.
U.S. Senate passes bill to bar federal employees from using TikTok on government-owned devices
The bill must still be approved by the U.S. House of Representatives before going to President Joe Biden for approval. The House of Representatives would need to pass the Senate bill before the current congressional session ends, which is expected next week.
TikTok slashes ad sales target by $2 billion after tech downturn
TikTok Chief Executive Officer Shou Zi Chew told a handful of employees during a recent meeting that the Chinese-owned app has slashed its ad forecast for 2022 to $10 billion from at least $12 billion previously, according to a person briefed on the matter.
Tencent forms 'extended reality' unit as metaverse race gathers steam - sources
The unit is tasked with building up the extended reality business for Tencent, including both software and hardware.
China’s tech moguls see $80 billion of wealth evaporate in 2021
The country’s 10 richest tech tycoons lost $80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid widescale crackdowns by Chinese regulators.
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