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Tencent's e-book spinoff eyes North American expansion

Tencent's e-book spinoff eyes North American expansion
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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China ups anti-monopoly reforms to curb digital platform power

11 February 2021
Author: Lianrui Jia, UTSC
China recently joined the global anti-monopoly movement, placing its leading digital platforms under closer scrutiny. Released in November 2020, China’s new draft anti-monopoly guidelines target anti-competitive behaviour in the internet sector such as forced exclusivity, big data price discrimination, use of subsidies to crowd out competition and exclusive cooperation agreements.
The guidelines are underpinned by China’s Anti-Monopoly Law (AML), which was formally enacted in 2008. The AML was drafted with three objectives in mind: to curb foreign competition and foster domestic industrial growth, to protect consumers, and to limit monopolies by state-owned and administrated entities. ....

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Strength of characters

Strength of characters
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My Best Friend s Story, adapted from the novel,
The Golden Years, by Hong Kong writer Yi Shu, has made a splash online recently. The tale centers on two best friends Jiang Nansun (played by Liu Shishi) and Zhu Suosuo (Ni Ni). It also stars actors Chen Daoming and Wu Yufang, Yang Le and Dong Zijian. [Photo provided to China Daily]
A new TV series adapted from the writing of prolific Hong Kong author, Yi Shu, is finding an appreciative audience for its strong, well-rounded female protagonists and realistic depiction of modern women s friendships, Xu Fan reports. ....

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China's Antitrust Regulators Slam Alibaba and Tencent -- What Should Shareholders Do?

Last month, China s State Administration for Market Regulation (SAMR) drafted new antitrust rules aimed at the country s largest tech companies. It didn t call out any companies at the time, but it declared it would weed out monopolistic practices like price discrimination, the use of exclusive agreements to lock in merchants, and the compulsory collection of user data.
At the time, many analysts speculated the new rules would affect
Tencent (OTC:TCEHY) the most. Those predictions recently came true, as regulators fined both tech giants and the logistics company
SF Holding.
What happened to Alibaba?
The agency fined Alibaba s investment arm 500,000 yuan ($76,472) for not seeking government approval before buying a 73.8% stake in the department store chain ....

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Should You Sell Baidu's Stock After Its Recent Rebound?

Baidu s (NASDAQ:BIDU) stock recently hit a two-year high after a series of positive developments. First, the company s third-quarter report in November suggested its core advertising business was stabilizing, which sparked several upgrades from analysts. Chinese regulators then drafted new antitrust rules that seemingly affected
Tencent (OTC:TCEHY) more than Baidu.
Baidu also boosted its existing buyback plan from $3 billion to $4.5 billion this month, and a recent Reuters report suggested it might start producing its own electric vehicles to complement its driverless efforts. Those headlines all buoyed Baidu s stock but should investors chase its recent rally, or take profits instead? ....

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