China Big Tech: Why many overworked employees are quitting to become entrepreneurs amid internet slowdown

Zoe Du used to be a typical employee at a Big Tech firm in China, putting in long hours, six days a week. One time, she fainted in the office after weeks of being on the job until 11pm every day. A veteran of more than 10 years in the internet industry, Du quit her … Read more

ByteDance’s Douyin steps up oversight of live-streaming hosts, closing 290,000 accounts last year for ‘harmful’ content

Douyin, the sibling app of ByteDance’s global short video hit TikTok, said it imposed additional oversight on live-streaming hosts and their activities during 2023 to rein in inappropriate practices. The live-streaming crackdown conducted throughout 2023 shut down more than 290,000 host accounts, including some top influencers, as the platform sought to weed out practices it … Read more

China’s video gaming watchdog speaks out after draft spending rules roil market

“During the drafting process, we received suggestions from the government, industry associations and companies in many ways,” the National Press and Publication Administration told the China Press and Publication News, its official paper. “The regulator will take public concerns on the … clauses into account and amend the regulations accordingly,” it said, adding the draft … Read more

Chinese police arrest man for spreading stock market rumours amid prolonged equities slump

A man in the southwestern Chinese province of Sichuan has been arrested for spreading rumours about the stock market amid a crackdown by law enforcement on acts that undermine the country’s fragile economic recovery. A 30-year-old man in Chengdu, the capital of Sichuan and a commercial hub, was detained over suspicions he used news about … Read more