FAST NEWS: Bilibili Bans Minors From Livestreaming During Summer Holiday

The latest: Bilibili Inc. (BILI.US; 9626.HK), a Chinese live video-sharing platform, said Saturday it has launched a two-month special campaign to regulate the online environment for minors in the summer of 2022, including banning minors under the age of 16 from participating in livestreaming and related rewards, as well as prohibiting minors from “irrationally” following celebrities. Looking up: As China’s leading livestreaming platform, Bilibili has been in the eye of the country’s regulatory storm and is now proactively cooperating with the official “cleaning the internet” policy to help avoid official intervention.…

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Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?

The Chinese government announced an enormous fine of $1.2 billion on Didi but did not explain the methodologies behind the calculation Key Takeaways: China’s cybersecurity regulator imposed a big fine of $1.2 billion on Didi after closing a year-long investigation into the company, but how it arrived at the amount has raised concern in the market Analysts believe that the company needs to use internal resources and pay off the fine first before it can move on with its IPO plan in Hong Kong By Ken Lo Paying 8 billion…

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RLX Burns Down, But Not Out, With New Licensing Announcement

China’s tobacco regulator allows the nation’s top vaping brand to manufacture at levels about 30% lower than its sales for last year Key Takeaways: RLX has received a new manufacturing license as required under a new regulation announced earlier this year The license permits the company to produce rechargeable vaping devices at levels about 30% lower than its sales last year By Doug Young The latest announcement from RLX Technology Inc. (RLX.US), China’s equivalent U.S. vaping pioneer Juul, is giving investors a clearer picture on how new regulations in its…

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