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TikTok eyes payments licence in huge Indonesian market

TikTok has 125-million Indonesian users a month on par with Europe and not too far behind the US, where it has 150-million ....

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BBCNEWS World Business Report June 4, 2024 10:41:00

An impact on shares. for example, shares in the video service bilibili, it dropped about 7% on the news. kuaishou, which is a video sharing platform, it was down about 3.5%. and tencent, which is the company behind wechat, it lost 3%. now, many are saying this could create a real headache for tech companies, if you think about the amount of money and time and effort it s going to cost to implement it, as well as the risks of noncompliance. and those risks, of course, are both regulatory as well as financial. and some are saying perhaps that we mayjust see youth banned or young people banned altogether from these platforms. it s also certainly not the first time that we ve seen a crackdown from beijing on the young people s use of technology and screen time in recent years. for example, back in 2021, we saw them implement a curfew on young people using video games and some platforms such as douyin, which is owned by bytedance, the company behind tiktok, has already got teenage modes, an ....

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Tesla cars barred from World University Games ahead of Xi visit

Tesla vehicles are barred from parts of a major Chinese city as it prepares for a visit by President Xi Jinping for the start of the World University Games on Friday, according to people familiar with the matter. ....

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Douyin Denies China's TikTok Has Applied for Fund Sales License, Report Says

Douyin Denies China's TikTok Has Applied for Fund Sales License, Report Says
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