China's next 'crackdown' is on live-streaming

Via the Journal (may be gated), citing people familiar with the matter:

• China is planning new curbs on the country’s $30 billion live-streaming industry
• renewing a regulatory campaign aimed at reining in technology companies and exerting greater influence over the content consumed by its young people.
• Chinese authorities are drafting new regulations to cap internet users’ daily monetary spending on digital tipping
• are also planning to set a daily limit on how much live-streamers can receive from fans
• are considering imposing tighter censorship over content
• The China Association of Performing Arts valued the country’s live-streaming industry at the equivalent of about $30 billion in 2020.

---

Related China tech stocks seeing seeling pressure on the WSJ news.

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term