Central university for nationalities, National university in Beijing, China

China's State Administration for Market Regulation (SMAR) on Saturday barred the merger of Huya and Douyu, two of the country's largest live streaming operators after a review.Chinese tech giant Tencent had raised the merger case of Huya and Douyu. However, the merger between Huya and DouYu would give Tencent sole control of the merged entity, further strengthening Tencent's dominance in the game livestreaming market, reported Global Times.Tencent has separate control of Huya and joint control of DouYu, ranking first and maintaining over 40 percent of the online games market. Huya and DouYu separately have 40 percent and 30 percent share of the game livestreaming market, ranking first and second, Global Times reported citing Xinhua News Agency.The blocked merger comes shortly after the Chinese Cybersecurity Review Office ordered app stores to remove ride-hailing app Didi Chuxing. Earlier, this week, the regulator announced that it will investigate job recruiting platform Boss Zhipin, and two commercial freight platforms, over national security concerns.Earlier, on Sunday, the Chinese Cyberspace Administration ordered online mobile app stores to take ride-hailing app Didi Chuxing off their shelves due to "serious violations of law and regulation" in the collection and use of personal information.The Chinese watchdog said the application severely violated relevant laws and regulations while collecting and abusing user data. The regulator told the ride-hailing company to take concrete measures to fix the loopholes in accordance with the law and national standards.Liu Dingding, a Beijing-based independent tech analyst said that given the current situation, more Chinese firms that intend to list in the US, would have a second thought amid the country's tightening security on data protection.Other experts believe that the review is another example of Beijing's crackdown on influential IT giants. Earlier this April, the Chinese government imposed a huge fine on Chinese e-commerce giant Alibaba Group.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Central University For NationalitiesFOLLOW

Central university for nationalities, Latest News

The Indian Air Force (IAF) will get a major boost along the China border in the northeast as the force would be making its second Rafale fighter aircraft squadron operational by July 26. ...

Lucknow, July 13 The Vishwa Hindu Parishad (VHP) has written a letter to the Uttar Pradesh State Law ... ...

Eight people were killed and nine others remain missing after an annex to a hotel collapsed in the city of Suzhou, east China's Jiangsu Province, local authorities said Tuesday. ...

New Delhi, July 12 Nepal Telecom has been subjected to a terrible "cyber attack" from China. Chinese hackers ... ...

Patna, July 12 Bihar Chief Minister Nitish Kumar has said the new population control policy recently implemented by ... ...

Communist Party's supreme leader Chairman Mao Zedong is making a comeback among China's Generation Z as his call for struggle and violence against capitalists is winning over a new audience of young people frustrated with long work hours and dwindlin ...

China has expressed outrage and firm opposition to a report published by a group of British lawmakers, urging the UK Prime Minister Boris Johnson-led government to take action against Beijing over its treatment of the Uyghur community in Xinjiang pro ...

China's State Administration for Market Regulation (SMAR) on Saturday barred the merger of Huya and Douyu, two of the country's largest live streaming operators after a review. ...