Chinese leader #XiJinping is clamping down on Chinese companies one after another. He is afraid that they might become too big and cannot be controlled. The newest target to watch is #Tencent, a tech giant in China that makes the WeChat messaging app.

🔥Watch the full episode 👉https://youtu.be/HRKW2kXVBD0

#TokyoOlympics #Opening
Japanese Netizens' Different Reception of Hong Kong, Taiwan, and the PRC

During the opening ceremony of 2020 Tokyo Olympics on July 23, 2021, the national team of Taiwan was arranged to march in the stadium in an order that follows the alphabetical sequence of "Ta". It means the organizer identifies Taiwan in the name of "Taiwan", instead of the name "Chinese Taipei", imposed by the People's Republic of China (#PRC).

Although the official announcement was still made according to the denomination "Chinese Taipei", the host of the Japanese national TV channnel #NHK used the name "Taiwan".

Moreover, on the platform Niconico where many Japanese netizens streamed the ceremony, enthusiatic reactions appeared with entrancd of Team Taiwan and Team Hong Kong.

Many netizens typed in phrases like "Taiwan Taiwan", "An Independent Country", "Fight on, Taiwan", "Love Taiwan" when seeing Tean Taiwan marched in. Netizens also cheered for the Team Hong Kong: "Fight on Hong Kong", "Hongkongers Persist" and "Fight for freedom"

This contrasts with the reactions the Japanese netizens had towards the PRC team. The netizens critique China's human rights violations and political prosecutions in the past and present. Words like "Tiananmen", "Covid", "massacre" popped up.

It was also reported that China's #Tencent suspended the live streaming after the said NHK host called out "Taiwan". In the end, the Chinese streaming platform failed to show the entrance of Team PRC due to its censorship of the official Japanese host.

Source: Apple Daily, Taiwan; Newstalk; Niconico, Japan #Jul24

https://newtalk.tw/news/view/2021-07-24/609393

https://bit.ly/3xXGSrc

Chinese media’s social mania maddens markets

It’s possible to read too much into Chinese state media jeremiads. Recent articles warning of social ills caused by high liquor prices, video-game addiction and e-cigarettes, to name a few, have wiped billions off index heavyweights like Tencent (0700.HK). Yet government columnists are unreliable policy prophets.

Traders are jumpy after Beijing announced in late July it would convert online tutoring companies, many listed in New York, to non-profit status. After law professor Henry Gao pointed out on Twitter that President Xi Jinping had called for something like this in 2018, Wall Street leaped to review Xi’s speeches to see what other industries he has it in for.

Source: Reuters #Aug06

https://reut.rs/3iqF98w

#Chinese #Media #Social #Beijing #Tencent

The #CCP is reining in it’s tech companies. But is it for control, finance or politics? Why does Chinese leader Xi Jinping and his government want to take companies like #Tencent and #Alibaba down a notch?

🔥Watch here👉https://youtu.be/v8z0rzqnftc

CCP is so nosy that Voldemort is jealous.
What will they control next?

#CCP #China #meme #gaming #fanclub #KrisWu #tencent #ZhaoWei

#Economy
No Chinese Stock Left Among Global Top 10 as #Tencent Slides

//Tencent Holdings Ltd. has lost its place among the world’s 10 largest companies by market value, leaving no Chinese company in the list as Bejing’s regulatory crackdown continues to wreak havoc on the stock market.

Hong Kong-listed shares of the gaming and social media company fell 0.5% Thursday, valuing it at $556 billion. That’s just below U.S. chipmaker Nvidia Corp., data compiled by Bloomberg shows.

This is the first time that a Chinese company isn’t among the world’s ten largest since 2017, the data show. Tencent’s unseating follows that of #Alibaba Group Holding Ltd. earlier this year, as China’s tech behemoths face tougher rules on everything from monopolistic practices to data security and kids’ gaming hours.//

Source: Bloomberg #Sept16

https://www.bloomberg.com/news/articles/2021-09-16/tencent-s-slide-leaves-china-with-no-stocks-in-global-top-10

#CCP #HengSengIndex #ChinaMarket #StockMarket

Cyberspace Administration of China: Already Held 30 Large IT Companies' Algorithm Technologies

Cyber Administration of China (#CAC) indicated on #Aug12 that 30 top IT companies have submitted part of their algorithm details, such as how to collect personal data and how to set up individual recommendation content. 

Companies includes #Tencent, #TikTok under #ByteDance, #MeiTuen, #iFeng, #Weibo, #Youku, #Kuaishou, #Baidu, #Sina, #Xiaomi, #WeChat, and #Tmall and #Taobao under #Alibaba.

#Bloomberg report stated that China can have full grasp of every move done by the citizens on the internet, and even all purchase detail and personal information can be seen clearly via the relevant enterprises and applications.

The CAC passed the regulations on algorithm recommendation in March this year, requiring all enterprises to reveal the algorithm used in every application.

Nominally, they can solve the issue of data misuse and enhance cyber security. But once when the authority obtained algorithm technology, they can take further control over web activity and carry out political propaganda.

They even can take "National Security" as an excuse, to obtain citizens' and companies' information.

Source: PC Market #Aug17
https://www.pcmarket.com.hk/china-netcom-algorithm-technology-of-30-technology-giants-has-been-mastered/?fbclid=IwAR3nrfecOdr8bYlAdIkaE3S783sF8pEprBrq_7Jg46s3lLXzzi1Pv8aSX0k

#CyberAdministrationofChina #surveillance #NationalSecurity #Webtracking #AlgorithmTechnology

#Alibaba and #Tencent shares rose Monday as #Beijing's $984 million fine for Ant Group was viewed as signaling the end of a regulatory crackdown on #China's tech sector.

The scrutiny of the last 2 years created an uncertain environment, wiping billions from China's tech sector.