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Transcripts for BBCNEWS World Business Report 20240604 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 ....

Video Sharing Platform , Video Service , 3 5 , Tech Companies , Video Games ,

Chinese local governments roll out the red carpet for Big Tech firms

Chinese cities from Beijing to Hangzhou have inked cooperation deals with internet giants, as the country’s top leaders signal an end to two years of tech crackdowns. ....

Big Tech , Local Chinese Governments , Ihoo 360 , Daniel Zhang , King Lei , Lei Jun , Jd Com ,