China: towards a new turn of the screw for the internet giant Tencent
Tencent head office in Shenzhen, Guangdong province, China, May 26, 2021. Noel Celis AFP / Archivos
Text by: RFI Follow
1 min
Beijing now requires Tencent to submit any new or updated mobile app for pre-release inspection.
This new measure comes at a time when the regime is stepping up the pressure on digital companies, which have long been accused of freeing themselves from regulatory constraints.
Advertising
Read more
Tencent is one of those tech giants that Chinese authorities accuse of breaking competition or personal data rules.
According to state television, the company has committed nine offenses since the start of the year, but their nature has not been specified.
Anyway, the new control imposed by the authorities does not seem to worry investors: the group's action ended Thursday, November 25, up more than 1% on the Hong Kong Stock Exchange.
This is not the first time that Tencent has been in the sights of Chinese power.
This Internet juggernaut, also known worldwide for online video games, was subject to restrictions in this area this summer in order to limit gambling addiction among the youngest.
Since regulatory strengthening and the takeover of the digital sector by the Chinese authorities, the market capitalizations of the tech giants and the fortunes of their bosses have plummeted by several hundreds of billions of dollars.
► To re-read: Internet giant Tencent sanctioned by Beijing for abuse of a dominant position
Newsletter
Receive all international news directly in your mailbox
I subscribe
Follow all the international news by downloading the RFI application
google-play-badge_FR
China
Digital
Computer science