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Update: China Shuts 12,000 Live Streaming Chatrooms over Content Violations
MOC, 6/29/17
China's Ministry of Culture (MOC) recently shut down 11,929 live broadcasting rooms on online live streaming platforms for content violations, and ordered 18,977 live broadcasting rooms to correct rules violations. Read More
Tencent Buys Stake in Online Business Registration Platform Kuaifawu
iHeima, 2/20/17
Beijing-based Kuaiyouhao Information Technology, operator of online business registration service platform Kuaifawu.com, recently announced that Chinese internet and mobile services firm Tencent (0700.HK) will purchase an equity stake in Kuaiyouhao at its existing valuation, and Kuaifawu will use these funds exclusively for ad placements within Tencent's business ecosystem, including ads on social advertising system Guangdiantong and mobile messaging platform WeChat. Read More
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