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China Regulators Fine Tech Giants Alibaba, Tencent, Kuaishou, Weibo, Little Red Book for Content with Soft Pornography Involving Minor
23rd July 2021 | Hong Kong
China internet regulators have imposed fines on China tech giants Alibaba’s Taobao, Tencent’s QQ, Kuaishou, Weibo and Little Red Book for spreading content including soft pornography involving children & minor to drive traffic and promote the hype of “net celebrity children”. The Chinese technology companies fined and ordered by Cyberspace Administration of China to remove the offending accounts are the most influential platforms with the largest user base in China. Alibaba market capitalization is at $560 billion, Tencent is at $660 billion and Kuaishou is at $69 billion (USD, 23/7/21). Visit: Notice from Cyberspace Administration of China
“ China Regulators Fine Tech Giants Alibaba, Tencent, Kuaishou, Weibo, Little Red Book for Content with Soft Pornography Involving Minor “
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China Increased Scrutiny
In recent times, China has increased scrutiny on China technology companies on monopolistic behaviours, security & data privacy, capital-raising practices, cryptocurrencies and operations of financial institutions.
In July 2021, China increased scrutiny and oversight on Chinese companies seeking foreign listing (IPO) and technology companies, requiring Chinese companies to seek approval for foreign IPO and to undergo cybersecurity review. Chinese companies with more than 1 million users must apply for cybersecurity approval as the data and personal information could be exploited by foreign governments.
In November 2020, Alibaba’s Ant Financial Group $300 billion IPO was halted by China’s regulator and just after Didi Global IPO on the 30th June 2021, Chinese authorities instructed app stores to disallow new users from downloading Didi’s app in China (4th July 2021), causing the share price to decline 14% (9/7/21) a few days after IPO and with Didi Global facing a potential class action lawsuit for misleading investors (9th July 2021).
Related:
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- China Increased Scrutiny on Foreign IPOs & Tech Giants, Requires Pre-Approval for Offshore IPOs
- Donald Trump Files Class Action Lawsuits Against Tech Giants and CEOs of Facebook, Twitter and Google
- China Regulator Issues Warning on Stock Market Manipulation, Crackdown on Bitcoin
- Alibaba First Quarterly Loss with $1.17 Billion Since IPO, Hit by Anti-Monopoly Fine of $2.78 Billion
- Alibaba Fined $2.78 Billion by China State Regulator for Anti-Monopoly Practices
- Ant Group $300 Billion Record IPO Suspended in both Shanghai and Hong Kong Exchange
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- Hong Kong SFC: Police Arrested 12 People Suspected of Ramp & Dump Manipulation Schemes
- Hong Kong SFC Issues Restriction Notices to 13 Brokers for 54 Accounts Related to Social Media Scam
- Hong Kong & Singapore Regulators Warn Investors of Increased Trading Risks Triggered by Social Media & Online Forums
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China Official Statement (Translated from Chinese to English)
The Central Office of the Cyberspace Administration of China launched the special action “Clearness and Remediation of the Internet Environment for Minors in Summer Vacation”:
In order to create a good online environment for minors and effectively solve outstanding problems in the network ecology, the Central Cyberspace Administration of China has decided to launch the special action “Clearness and Remediation of the Internet Environment for Minors in the Summer” with immediate effect.
The relevant person in charge of the Central Cyberspace Administration said that this special action focused on solving 7 types of prominent online problems that endanger the physical and mental health of minors.
One is the issue of minors involved in live broadcast and short video platforms. It is strictly forbidden for minors under the age of 16 to appear on the live broadcast, seriously investigate and punish the behavior of hype “net celebrity children”, forbid the inducing behavior of minors to give rewards, and prevent the phenomenon of showing off their wealth and worshiping money, selling extravagant pleasure, selling miserable “ugliness” etc. Bad orientation.
The second is the online education platform for minors. Comprehensively clean up pornographic, vulgar, bloody violence, and other bad-oriented content in online courses. It is strictly forbidden to push online games, vulgar novels, entertainment live broadcasts and other non-learning advertising information, and timely deal with the interactive comment area to attack, instigate and instigate bad friends.
The third is the problem of bad cartoon animation works for children. Resolutely clean up “cult” videos that spread violent blood, dark horror, abetting crimes, etc., and carefully deal with children with problems such as exposed role dress, erotic and vulgar plots, bloody horror scenes, and other dangerous behaviors that are likely to cause minors to imitate. Animation animation works.
The fourth is the issue of harm to minors in forums, communities, group circles and other links. Thoroughly clean up soft and pornographic emoticons made with children’s images, and strictly investigate group accounts that instigate minors to commit suicide and shoot and trade pornographic and vulgar videos.
Fifth, the problem of chaos in the network “rice circle”. Continue to promote the special action of “clearing the chaos in the ‘rice circle’”, and thoroughly rectify the behaviors of inducing minors to assist in fund-raising, high consumption, vote for rankings, verbal abuse, stigmatization, and scrutiny.
Sixth, bad social behavior and bad cultural issues. Strictly prevent bad social behaviors and bad cultural phenomena on the Internet from forming bad guidance and distorting the values of young people, and resolutely investigate and punish cyber bullying and violent behaviors such as human flesh searches, personal attacks, and malicious reports.
Seventh, the anti-addiction system and the “youth mode” are insufficiently effective. Focus on investigating and solving the loopholes in the anti-addiction system of the website platform, solving the problems of inconspicuous entry of the “youth mode”, inaccurate recognition, insufficient exclusive content, and poor application effects, and further optimize the efficiency of the mode to prevent minors from indulging in the Internet.
Recently, in response to issues such as the dissemination of soft pornographic emoticons of children on platforms such as Kuaishou, Tencent QQ, Taobao, Sina Weibo, and Xiaohongshu, and the use of minor sexually suggestive short videos to divert traffic, the network information department has interviewed the person in charge of the platform in accordance with the law and ordered a deadline for rectification. , Comprehensively clean up and dispose of related illegal and illegal information and accounts, and impose fines on the platform.
The relevant person in charge of the Central Cyberspace Affairs Office emphasized that during the special action period, the punishment and punishment for violations of laws and regulations will be further increased. With regard to the infringement of the legal rights and interests of minors, the attitude of “zero tolerance” will be maintained, and the attack will be strictly enforced. Seriously, vigorously rectify the chaos of online problems that endanger the physical and mental health of minors.
All website platforms must actively perform their main responsibilities, take the initiative to speak out, conduct in-depth self-examination, plug loopholes, ensure that the special actions achieve practical results, and effectively create a civilized, healthy, and progressive network environment for minors.
Related:
- Didi App Download Suspended in China, Faces Lawsuit for Misleading Investor
- China Increased Scrutiny on Foreign IPOs & Tech Giants, Requires Pre-Approval for Offshore IPOs
- Donald Trump Files Class Action Lawsuits Against Tech Giants and CEOs of Facebook, Twitter and Google
- China Regulator Issues Warning on Stock Market Manipulation, Crackdown on Bitcoin
- Alibaba First Quarterly Loss with $1.17 Billion Since IPO, Hit by Anti-Monopoly Fine of $2.78 Billion
- Alibaba Fined $2.78 Billion by China State Regulator for Anti-Monopoly Practices
- Ant Group $300 Billion Record IPO Suspended in both Shanghai and Hong Kong Exchange
- 150 Stocks Suspended Trading on Hong Kong Stock Exchange for Missing Filing Deadline
- Hong Kong SFC: Police Arrested 12 People Suspected of Ramp & Dump Manipulation Schemes
- Hong Kong SFC Issues Restriction Notices to 13 Brokers for 54 Accounts Related to Social Media Scam
- Hong Kong & Singapore Regulators Warn Investors of Increased Trading Risks Triggered by Social Media & Online Forums
- Hong Kong SFC Warns of Investment Scams on Social Media Platforms
- Singapore Exchange Issues Alert on Stocks Trading Scam in Chat Groups
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