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China Tech Digest: China Emphasizes Full Regulation Of All Financial Activities

Total0 China Banking and Insurance Regulatory Commission: All financial activities must be fully regulated in accordance with the law and operated under a license The head of the relevant department of the China Banking and Insurance Regulatory Commission responded to the reporter’s recent media concerns, saying that all financial activities must be fully regulated in accordance with the law, operate under a license, and stop illegal regulatory arbitrage. There can be a certain transition period, but the general direction will not change. The regulator will encourage fair competition, vigorously break monopolies, prevent the disorderly expansion of capital, and promptly and strictly punish violations of laws and regulations.

Apple removes 39,000 game apps from China App Store

Published: January 1, 2021 4:53 PM IST Apple removed 39,000 game apps from its China App Store on 31 Dec 2020 as part of the crackdown on unlicensed games on the platform. This is the biggest removal of apps ever in a single day as the company had set a deadline for developers to get licenses from the Chinese app controller. Also Read - New Apple patent hints at thinner MacBook Pros with retractable keyboard Which apps have taken a hit? Including the 39,000 games, Apple has taken down a total of 46,000 application from the platform. As per a research firm Qimai, some of the apps that have been affected by the sweep include NBA2K20 and Assassin’s Creed Identity by Ubisoft. Also Read - Holi Special offers: Apple iPhone 11 available at an effective price of Rs 41,900

Apple Removes 39,000 Games From China App Store

Apple Removes 39,000 Games From China App Store Thursday December 31, 2020 3:24 am PST by Tim Hardwick Apple on Thursday removed nearly 39,000 apps from its Chinese App Store due to the apps lacking an official license from local regulators, reports The report, which cites data from research firm Qimai, says that games affected by the cull included Ubisoft title Assassin s Creed Identity and NBA 2K20. According to Qimai, only 74 of the top 1,500 paid games on the China App Store survived the purge. In addition to the 39,000 games, the report says Apple also removed more than 46,000 apps in total from its store. Apple in February gave app developers an initial June 30 deadline to prove they had a license for their games, and later extended the deadline to December 31. However, in July the company froze updates for thousands of iOS mobile games lacking an official license, and in August removed 30,000 apps for similar reasons.

Dow Jones Edges Lower as Apple Stock Sinks on China Gaming App Crackdown, Disney Stock Rises on Streaming Price Hike

Author Bio Tim writes about technology and consumer goods stocks for The Motley Fool. He s a value investor at heart, doing his best to avoid hyped-up nonsense. Follow him on Twitter: Follow @TMFBargainBin The Dow Jones Industrial Average (DJINDICES:^DJI) was down about 0.1% at 11:45 a.m. EST Thursday, a small move to end what has been an eventful year for the stock market. The Dow crashed below 20,000 in March as the COVID-19 pandemic reached the U.S. and led to widespread stay-at-home orders. The pandemic was never brought under control, but that didn t stop the Dow from eventually carving out new all-time highs later in the year. The Dow will end 2020 up more than 6% if nothing changes by the end of the day.

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