Kuaishou Technology plummeted almost 12% after an influential state-backed newspaper urged tighter regulation of internet video content, the latest in a string of pronouncements from government-controlled media calling for a crackdown on online industries.
The company slid to a low of HK$78.60 in Hong Kong, adding to Thursday’s 15% wipeout, after the Communist Party mouthpiece People’s Daily said in a commentary that Beijing should step up oversight of online platforms, particularly the way that anonymous social media users can band together to promote potentially undesirable content.
"Media" - Google News
August 06, 2021 at 08:58AM
https://ift.tt/37n5duP
Kuaishou Loss Deepens After Media Call for a Video Clampdown - Bloomberg
"Media" - Google News
https://ift.tt/2ybSA8a
https://ift.tt/2WhuDnP
Bagikan Berita Ini
0 Response to "Kuaishou Loss Deepens After Media Call for a Video Clampdown - Bloomberg"
Post a Comment