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Children in Australia under the age of 16 will be banned from social media as part of a push to protect young people’s mental health, Prime Minister Anthony Albanese said, with firms involved required to enforce the new regulations or face potential fines. Photo: TNS

Australia to ban children under 16 from social media: ‘real harm to kids’

The proposed age limit would be among the world’s strictest measures targeting children.

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From chip war to TikTok ban: what tech can expect from Donald Trump

Trump election victory cheers up China’s cryptocurrency proponents

Apple to face first fine under new EU digital antitrust rules

The penalty, under the Digital Markets Act, is related to the iPhone maker’s App Store.

Apple is set to face the first fine under EU’s tough Digital Markets Act. Photo: AFP

My Take | China’s bleak demographic condition offers harsh lessons for policymakers

Beijing’s efforts to cultivate a ‘birth-friendly society’ marks an about-turn from its rigid, decades-long enforcement of a one-child policy.

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Opinion | How can China’s reforms succeed when officials act like overbearing parents?

The ‘we-know-best’ mentality prevents market forces from playing a decisive role and affects investor confidence.

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US tech firms warn Vietnam’s planned law to hamper social media, data centres

The draft law, being discussed in Vietnam’s parliament, aims to tighten information-protection rules and limit data transfers abroad.

Vietnam’s proposed new data law is expected to make it challenging for tech firms, social media platforms and data centre operators to reach the customers that rely on them daily. Photo: Shutterstock

Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

Indonesia bans Google’s Pixel smartphones after blocking Apple’s iPhone 16

Sales of those smartphones were blocked for not meeting Indonesia’s rules requiring the use of locally manufactured components.

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane

Shanghai to back local biopharma firms’ overseas push, regulatory compliance

The initiative aims to generate about US$7 billion from medical product exports by 2027.

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The latest action plan by Shanghai’s municipal government is expected to help local biopharmaceutical firms go global. Photo: Shutterstock

China’s Zhejiang province rolls out platform to grow cross-border e-commerce

Zhejiang’s new e-commerce service platform expects to serve 15,000 enterprises within the next three years.

Hongkongers suffer more digital fraud than global peers, survey says

Gen Z users are in the crosshairs of online scammers who prowl forums and dating sites for prey, according to TransUnion.

Apple’s Tim Cook meets China’s commerce minister, pledges more investment

Minister of Commerce Wang Wentao welcomed Apple to get more “deeply involved” in China, while Cook reiterated Apple’s commitment to the market.

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Apple CEO Tim Cook speaks during the company’s “It’s Glowtime” event in Cupertino, California, on September 9, 2024. Photo: TNS

English Premier League faces unprecedented regulation if UK bill gets go-ahead

A new regulator can determine how EPL clubs distribute money to smaller clubs, and can ensure they consult fans before raising ticket prices.

The collapse of smaller historical clubs, alongside the global profile of the Premier League and the threat of a rival Super League, has led UK politicians to step in and impose the rules. Photo: dpa

Apple’s Tim Cook meets Chinese regulators but no final word on AI roll-out

Chinese consumers have been vocal about their desire to see Apple bring its generative AI services to China as soon as possible.

Tim Cook returns to China as Apple Intelligence roll-out remains uncertain

The Apple chief executive is keeping his ear to the ground in one of the US tech giant’s largest markets.

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China regulators go on charm offensive as economic growth stalls

CSRC Chairman Wu Qing solicited feedback from financial specialists and media representatives, according to a readout on the watchdog agency’s website.

The annual Financial Street Forum in Beijing on October 18, 2024. Photo: Xinhua.

Tesla’s autonomous driving roll-out in China may face delays amid data concerns

Tesla has Chinese government support to trial some self-driving features, state media reported, but no full self-driving systems have been approved yet.

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China cybersecurity group seeks review of Intel products for possible breaches

Initiating a review would help safeguard national security and the interests of Chinese consumers, the group said.

Indonesia’s ban on Temu won’t spread across Southeast Asia: analysts

Indonesia’s core issue with Temu is how a large volume of cheap Chinese goods entering the country could impact its manufacturing sector.

In Southeast Asia, Temu has established operations in the Philippines, Malaysia, Thailand, Vietnam and Brunei. Photo: Shutterstock

Economist urges China to further elevate private sector as draft law disappoints

Teng Tai suggests ‘milestone’ law should dispel concerns that private entrepreneurs in China are only needed in times of crisis.

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A proposed law to boost private sector confidence in the economy should include measures to elevate the legal status of private firms, which were a “source of vitality”, says economist Teng Tai. Photo: Bloomberg

TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside US, Asia

ByteDance-owned TikTok attributed that increase to its growing user base, improved ad performance and greater live-streaming revenue.

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LinkedIn halts Hong Kong users’ data collection for GenAI: privacy watchdog

Privacy Commissioner for Personal Data earlier raised concerns about the social media platform’s default opt-in use of the data.

My Take | Unusual draft law signals China’s resolve to protect private economy

The draft private-economy protection law contains clauses targeting ‘long-range fishing’ and other problematic practices by local officials.

A shopping centre in Beijing. Photo: AFP

Hong Kong names accounting regulator Kelvin Wong as next SFC chairman

Wong, 63, will serve a three-year term leading the market watchdog starting on October 20, replacing current chairman Tim Lui.

Kelvin Wong Tin-yau, current chairman of the Accounting and Financial Reporting Council, pictured at Two Taikoo Place in Quarry Bay on Feburary 7, 2024. Photo: Jonathan Wong

Discount shopping giant Temu enters Vietnam and Brunei amid Indonesia ban

The latest expansion initiatives of Temu reflect its efforts to grow in Southeast Asia, home to nearly 700 million people.

TikTok slashes hundreds of jobs in shift towards AI content moderation

Short-video platform TikTok currently employs a mix of automated detection and human moderators to review content posted on the site.

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Regulation
The latest news, analysis and opinion on Regulation. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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