NewsSogou founder Wang Xiaochuan steps down as CEO following acquisition by TencentWang said he may start a career in the medical field after his departure. 2 mins read
Several major mutual aid platforms have been suspended this year, while regulators are determined to rein in tech firms’ control of insurance-like services. NewsDidi suspends mutual aid service as China tightens fintech regulations2 mins read
After regulators stepped in, Alibaba and Tencent are dissolving protectionist features. NewsMajor tech companies in China unbrick walled gardens to integrate rival payment services2 mins read
Sogou is China’s second largest search engine with 14.3% of the market share. NewsTencent takes Sogou private in acquisition deal2 mins read
Recent proclamations of entries into the metaverse have propelled stock prices of video game companies to new heights. NewsChinese game developers jump on metaverse bandwagon, sending stock prices soaring3 mins read
Tencent Video and iQiyi’s viewers have long complained about per-episode charges for popular serial dramas. NewsStreaming platforms in China relax viewing limitations that ‘damage consumer rights’2 mins read
Regulators told Tencent, NetEase, and other major video game companies to intensify oversight of minors’ gameplay. NewsGame account rental businesses prosper under 3-hour playtime restrictions for minors in China2 mins read
Major record labels are eyeing license agreements with platforms like Kauishou and NetEase’s music arm. NewsTencent Music Entertainment terminates all exclusive copyright agreements in antitrust fallout2 mins read
The government says it is building a “healthier” environment for younger generations. NewsYoung Chinese gamers are now limited to 3 hours of weekly playtime2 mins read
NewsDeals in brief: GIC backs legal AI firm Harvey, Amity and Startale raise funding, China logs 14 investments, and more