Tencent Tag

18 Aug China Regulators Receive Algorithm Details from App Operators

Posted at 11:42 by Jordy Leo

The Cyberspace Administration of China (CAC) has released a list comprising 30 algorithms used in some of the country’s most popular apps, such as Tencent’s [0700:HK] WeChat, Alibaba’s [BABA:US] Taobao, and ByteDance’s Douyin, as reported by South China Morning Post on August 13. The unprecedented...

13 Jul China’s Market Watchdog Fines Tencent, Alibaba for Disclosure Violations

Posted at 16:51 by Jordy Leo

China’s State Administration for Market Regulation (SAMR) imposed fines of RMB500,000 (USD74,350) each on tech giants Alibaba [BABA:US] and Tencent [0700:HK] as well as a range of companies for breaching transaction disclosure rules in the Anti-Monopoly Law, as reported by Reuters on July 10. The...

15 Mar Tencent Faces Record Fine for Anti-Money-Laundering Violations

Posted at 17:56 by Lexy Li

Tencent’s [0700:HK] mobile payment business WeChat Pay could face a record fine for violating the PBoC’s anti-money-laundering rules, as reported by Wall Street Journal on March 14. The exact amount of fine is currently being discussed, but it is likely to exceed hundreds of millions...

15 Mar China to Revise Regulations on Cyber Protection for Minors

Posted at 17:45 by Lexy Li

The Cyberspace Administration of China (CAC) is soliciting opinions on a draft regulation for cyber protection for minors, as reported by Reuters on March 14. The rules mandate internet product and service providers to set up a system to combat video game addiction among minors. The...

02 Mar Tencent Targets Carbon Neutrality by 2030

Posted at 16:54 by Lexy Li

China’s technology and entertainment conglomerate Tencent [0700:HK] has pledged to achieve carbon neutrality for its operations and supply chain by 2030, as reported by Reuters on February 24. To attain this goal, Tencent committed to using green power for all its electricity demand by 2030,...

28 Oct Tencent, Huawei, and Other Major Shenzhen Firms Pledge to Enhance Data Security

Posted at 15:59 by Haiyan Luo

More than 20 firms based in Shenzhen vowed not to violate user privacy and promote healthy and sustainable development of the internet industry at a conference on October 22, according to South China Morning Post (SCMP) on the same day. Those companies include Tencent [0700:HK],...

13 Sep China Continues Strengthening Controls of Online Games for Teen Anti-Addiction

Posted at 17:41 by Una Qu

Chinese authorities on September 8 summoned major online gaming companies such as Tencent [0700:HK] and NetEase [NTES:US], along with game account rental and game broadcasting platforms, reiterating the gaming anti-addiction policy implementation to protect teenagers, as reported by Xinhuanet on the same day. The central...

17 Jun Tencent Gaming Studio Introduces Anti-Overtime Work Policy

Posted at 14:36 by Eleanor He

Photon Studio, a mobile gaming studio of Tencent's [0700:HK] Interactive Entertainment Group (IEG), has begun a pilot to enforce a 6PM off-time for employees on Wednesdays, as reported by Sina on June 11. According to the overtime management system notice, beginning on June 14, the...

04 Jun Child Protection Organization Sues Tencent for Inducing Teen’s Gaming Addiction

Posted at 18:02 by Mars Guo

Beijing Children’s Law Aid and Research Center, the earliest legal child protection organization in China, announced on June 1 that it is suing Tencent [0700:HK] on its flagship mobile game, Honor of Kings, for infringing minor’s rights and interests, as reported by Caixin on June...

06 May Tencent May Face RMB10bn Anti-Monopoly Penalties by SAMR

Posted at 16:46 by Jingyun Liu

Chinese technology company Tencent [0700:HK] may be the next target of the anti-monopoly campaign initiated by the State Administration for Market Regulation (SAMR), as reported by Reuters on April 29. As part of the county’s antitrust clampdown on the domestic internet giants, it is expected...

28 Apr Greenpeace Publishes Carbon Neutrality Ranking of Chinese Internet Firms

Posted at 11:02 by Zoe Zhou

Greenpeace, an environmental protection non-governmental organization (NGO), published the Clean Cloud 2021, a ranking list of energy-related information disclosures and renewable energy use in China’s technology and internet industry, as reported by Caixin on April 21. Specifically, Tencent [0700:HK] topped Chinese internet cloud services companies,...

16 Apr Film and Television Companies Release Joint Announcement against Short Video Infringement

Posted at 14:33 by Zoe Zhou

China’s three major long video platforms iQiyi [IQ:US], Tencent’s [0700:HK] Tencent Video, and Alibaba-backed [BABA:US] Youku, along with other 70 organizations issued a joint statement on April 9, calling on content producers and operators of short video platforms and social media public accounts to respect...

03 Feb Tencent Announces to Sue ByteDance after Prosecuted by TikTok

Posted at 15:57 by Sophia Gu

Tencent [0700:HK] on February 2 issued a response to TikTok’s lawsuit against it, stating that the allegations were inconsistent with the facts and malicious, as reported by Sina on February 3. Tencent pointed out that TikTok violated users' rights and claimed to sue ByteDance, TikTok’s...

28 Jan PBoC to Propose New Anti-Monopoly Rules for Non-Banking Payment Industry

Posted at 09:23 by Haiyan Luo

PBoC has drafted regulation to strengthen supervision over non-banking institutions’ payment services on January 20, as reported by JRJ.com on the same day. Notably, the policy this time adds anti-monopoly measures for the non-banking payments industry. Moreover, the regulation highlights the requirement of non-banking payment...

21 Jan Tencent Apologizes for Reading User Browser History

Posted at 11:44 by Haiyan Luo

Tencent [0700:HK] apologized on January 18 for its instant messaging software, QQ, for reading users’ browser history, after an internet article exposed it on January 17, as reported by The Paper on January 19. Tencent explained that the reading was to evaluate login security risks...