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China summons ByteDance, Alibaba platforms over online content violations

/in /tarafından

China’s Cyberspace Administration of China (CAC) has summoned ByteDance’s Toutiao news platform and Alibaba’s UCWeb browser unit for alleged content violations, adding them to the growing list of tech firms targeted in Beijing’s online crackdown.

According to separate statements issued Tuesday, both platforms were recently penalized for “disrupting the online ecosystem order,” with CAC imposing strict disciplinary actions against responsible personnel.

Alleged violations:

  • Toutiao: Allowed “harmful content” to appear in trending topic lists and other features.

  • UCWeb: Allowed non-authoritative sources and non-mainstream media to dominate trending topics, including coverage of sensitive and malicious events such as cyberbullying and the privacy of minors.

The summons comes as CAC launches a two-month nationwide campaign to remove violent or hostile content, part of a long-running effort to promote a “clean and healthy cyberspace” that aligns with Communist Party socialist values.

Industry-wide sweep

Toutiao said it welcomed the action, pledging to form a task force to combat non-compliant content and trolling. UCWeb has yet to issue a public statement.
CAC has also taken action in recent weeks against Kuaishou, Weibo, and Xiaohongshu (RedNote) for similar violations.

Wider regulatory push

The crackdown comes amid growing concern about public sentiment, as China faces economic headwinds and persistent youth unemployment. Other regulators are also stepping up:

  • The market watchdog summoned logistics platform Huolala over anti-monopoly compliance.

  • Days earlier, it launched an investigation into Kuaigou, an e-commerce arm of Kuaishou, for suspected e-commerce law violations.

Huolala described its summoning as a “profound wake-up call,” vowing stricter compliance going forward.

Beijing’s message is clear: online platforms must not only police content but also align with the state’s broader political and social stability agenda.

China tells brokers to pause real-world asset tokenisation in Hong Kong

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China’s securities regulator (CSRC) has quietly advised several domestic brokerages to halt their real-world asset (RWA) tokenisation activities in Hong Kong, according to sources familiar with the matter. The move highlights Beijing’s caution as Hong Kong accelerates its push to become a regional hub for digital assets.

What’s happening

  • At least two major Chinese brokerages received informal instructions in recent weeks to pause RWA tokenisation businesses offshore.

  • RWA tokenisation converts traditional assets — like stocks, bonds, funds, and real estate — into blockchain-based digital tokens.

  • Regulators are concerned about risk management and whether firms’ claims are backed by “strong, legitimate businesses.”

Market reaction

  • Shares in Chinese brokerages with Hong Kong exposure slumped:

    • Guotai Junan International fell 7.25%

    • GF Securities dropped 2%

  • The broader Hang Seng Index closed down 0.9%.

Regulatory backdrop

  • China banned cryptocurrency trading and mining in 2021, citing financial stability risks.

  • While Hong Kong has rolled out a stablecoin regime and tokenisation “sandbox” (Project Ensemble), Beijing has kept its stance restrictive.

  • Last month, regulators told major Chinese brokers to stop publishing research endorsing stablecoins, signalling unease about speculative hype.

  • The HKMA confirmed it is conducting a legal review of tokenisation, initially focused on bonds.

Virtual asset enthusiasm in Hong Kong

  • GF Securities (HK unit) launched yield-generating “GF tokens” in June, tied to USD, HKD, and offshore RMB.

  • CMBI recently helped Shenzhen Futian Investment raise 500 million yuan through an RWA-based digital bond.

  • Seazen Group, a Chinese property developer, set up an institute in Hong Kong to explore tokenisation.

  • HKMA said 77 firms have expressed interest in applying for a stablecoin license as of August 31.

Global context

  • The RWA market is worth about $29 billion today and could exceed $2 trillion by 2030, according to industry forecasts.

  • Hong Kong wants to capture this growth, but Beijing’s intervention shows cross-border limits remain.

  • It’s unclear how long the CSRC’s guidance will stay in place or whether it will become a formal restriction.

China launches campaign against online hostility and pessimism

/in /tarafından

China’s Cyberspace Administration (CAC) on Monday announced a two-month nationwide campaign to crack down on online content that fuels hostility, spreads rumours, or promotes pessimism about the economy and society.

Key measures

  • Targeted content includes:

    • Posts inciting fan group clashes.

    • Tutorials on doxxing techniques.

    • Rumours and conspiracy theories about the economy.

    • Narratives exaggerating isolated negative incidents.

    • Pessimistic slogans such as “hard work is useless” or “studying is useless”.

  • The CAC said it would conduct comprehensive inspections of trending topics, recommendation systems, and comment sections on major platforms.

Platforms under scrutiny

Recent disciplinary measures have already been taken against:

  • Kuaishou (short-video app)

  • Weibo (microblogging platform)

  • Xiaohongshu/RedNote (Instagram-like platform)

Broader context

  • China’s economy has been under pressure in 2025, with sluggish growth and persistent youth unemployment fueling online discontent.

  • Authorities argue that pessimistic narratives and heated online debates could spill into real-world instability.

  • Unlike Western moderation practices, China’s online speech controls are more extensive, aimed at shaping public sentiment in line with state priorities.

Recent example

The campaign follows the case of actor Yu Menglong, 37, who died after falling from a building. Authorities said three individuals fabricated rumours and fake videos about his death, prompting police to take “compulsory measures” against them for disrupting public order.

The CAC said the new campaign is designed to “clean up online spaces” and promote a healthier information environment aligned with socialist values.