China''s State Administration for Market Regulation (SAMR) ordered today that Tencent Music Entertainment Group (NYSE: TME), the music arm of Chinese internet giant Tencent, will be faicing a 500,000 RMB anti-trust fine, and required to give up its exclusive music label rights. SAMR stated that TME sat at over 80% market share after merging with China Music Corporation in 2016, gaining market dominance with the potential of securing more exclusive label licensing deals, or excluding competitors by paying high premium for the licenses. The regulator ordered that Tencent must not sign any more exclusive label right agreements henceforth, and void all such existing agreements within 30 days, though deals with individual artists who signs directly with TME will be partially excluded from the order. SAMR did order, however, that exclusive partnerships with these individual artists must not extend beyond 3 years, while exclusive deals regarding new songs must not extend beyond 30 days. Two weeks ago, TME launched an internal reshuffle by moving around some of its businesses, appointing executives from neighboring departments as new leaders, with the aim to conform to regulatory pressure.
The report on Global Online Games Market has been provided by researchers for a detailed understanding of market performance over an estimated period of time set from 2021 to 2026. However, this report has introduced a brief overview to provide the reader with better information on this report. This brief description contains a basic definition 
China Stocks Tumble After Beijing Said To Plan Edtech Crackdown Another day, another communist crackdown by Beijing on a booming private sector, another plunge in Chinese stocks as the facade of " socialism capitalism with Chinese characteristics" is slowly chipped away. Chinas government is planning a crackdown on the countrys booming off-campus tutoring industry, in one of the biggest overhauls of the education sector that sent dozens of publicly listed stocks tumbling in Shanghai and Hong Kong, as part of a sweeping set of constraints that could decimate the countrys $100 billion education tech industry, sending shares crashing. According to SCMP, in one of the biggest overhauls in local edtech industry, local authorities will ask companies that offer tutoring on the school curriculum to go non-profit; they will also ban the provision of holiday and weekend tutoring, "and will no longer approve the establishment of new tuition centres, according to sources briefed on a newly released policy document promulgated by the State Council." As part of this non-profit conversion, companies that operate edtech platforms, or services that provide online education, will not longer be allowed to raise capital through initial public offerings.
Chinas Ministry of Industry and Information Technology (MIIT) has called out apps made by Amazon, NetEase and Tiktok-owner ByteDance, as well as 142 others apps, for violating users rights.Amazons China app and NetEases Dashen, an online community for gamers, have illegally collected user information, the ministry said in its latest list of problematic apps released on Monday.In addition, Douyin Lite, a version of TikToks Chinese app made for lower-end phones, did not clearly display app
Digital Music Market With COVID19-Pandemic Impact Analysis: Digital Music Market 2021 this report is including with the COVID19 Outbreak Impact analysis of key points influencing the growth of the market. Also, Digital Music Market (By major key players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario, Trends and Forecast by 
Multiplayer Online Battle Arena (MOBA) Market With COVID19-Pandemic Impact Analysis: Multiplayer Online Battle Arena (MOBA) Market 2021 this report is including with the COVID19 Outbreak Impact analysis of key points influencing the growth of the market. Also, Multiplayer Online Battle Arena (MOBA) Market (By major key players, By Types, By Applications, and Leading Regions) Segments 
Online Game Accelerator Market With COVID19-Pandemic Impact Analysis: Online Game Accelerator Market 2021 this report is including with the COVID19 Outbreak Impact analysis of key points influencing the growth of the market. Also, Online Game Accelerator Market (By major key players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario, Trends 
Selina Xu / Bloomberg : China-based AI chatbot developer Xiaoice, which spun off from Microsoft last year, raises $77M Series A at a $1B valuation and says it has over 660M users - Chinese venture raises capital from Hillhouse, GGV, NetEase AI platform powers chatbots used in cars, digital assistants
Summary List Placement Just days after Didi Global ''s $4.4 billion initial public offering in New York, the Cyberspace Administration of China launched an investigation into the country''s largest ride-hailing provider. Since then, Chinese regulators have ordered not only the Didi app but also 25 apps it operates to be deleted from smartphone app stores. The drastic moves had cost the company more than $10 billion in market value as of Friday. The sell-off quickly spread to other US-listed Chinese stocks after the internet regulator proceeded to propose rules that would require tech companies to seek cybersecurity checkups before they can pursue overseas listings. The KraneShares CSI China Internet Fund ETF (KWEB) and Invesco Golden Dragon China Portfolio ETF (PGJ) were down 3.29% and 4.65% respectively over the past week. Chinese companies have long gone public via a variable interest entity structure that bypasses the country''s restrictive foreign ownership rules in sensitive sectors.
Up Market Research (UMR) has released their new Android Emulator Software Market research report and forecasts for the industry for next eight years. The company predicts that by 2028, there will be a XX% increase in global demand and market will grow with a CAGR of XX%. With this forecast, the future of Android Emulator 
JCMR published a new industry research that focuses on Global Language Translation Software Market and delivers in-depth market analysis and future prospects of Global Language Translation Software Market . The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs 
marketreports.info delivers well-researched industry-wide information on the Game Music market. It provides information on the markets essential aspects such as top participants, factors driving Game Music market growth, precise estimation of the Game Music market size, upcoming trends, changes in consumer behavioral pattern, markets competitive landscape by Sony, Dynamedion, Audio Network Limited, Spotify, Moonwalk Audio, 
Chinese game developer/publisher Qingci Games, whose major backers include Tencent, Alibaba, and Bilibili, plans to expand overseas expansion while filing its IPO prospectus with the Hong Kong Stock Exchange. As one of China''s earliest mobile game developers, Qingci''s IPO application has drawn wide market attention because of its shining investors and its exponential increase in revenue and size throughout the years. Founded in 2012, the Xiamen-based company had capitalized on the rapid rise of China''s mobile game sector, cementing its leading position in the niche genre - mobile casual games. In 2013, Qingci released its first self-development game called GRID RPG. This turn-based strategy game helped Qingci to secure an early investment from G-bits Network Technology, which is still the company''s second-largest shareholder at the moment with nearly 22% stake, only next to the founder and chief executive Yang Xu. However, Qingci underwent a stagnation period since then and struggled to find another title to hit until 2017, when it unveiled Gumballs & Dungeons, a mobile puzzle RPG that topped China''s highest-grossing mobile games for two consecutive months.
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HANGZHOU, China , June 30, 2021 /PRNewswire/ -- NetEase, Inc. ("NetEase" or "the Company," NASDAQ: NTES; HKEX: 9999), one of China''s leading internet and online game services providers, today announced that it has published its 2020 Environmental, Social and Governance ("ESG ") Report, outlining the Company''s ESG policies and performance. The report underscores NetEase''s approach to ESG and considers the impact of its actions on users, employees, business partners and all stakeholders. The report summarize s NetEase''s recent comprehensive review of ESG issue s that will steer the future direction of the Company''s ESG strategy. It also details NetEase''s efforts in corporate governance, environmental protection, energy efficiency, cybersecurity, human capital development, supply chain management, product innovation, industry engagement and charitable activities, among others. To view the report in full, please visit the ESG section on the NetEase IR website. Click here for the Chinese version and here for the English version of the 2020 report.
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