Chinese Internet authorities have formalized controversial rules regulating the nation’s fast-growing live-streaming video industry, in a move that strips out smaller competitors and places hard-line surveillance measures on leading firms.
In an announcement posted on its Web site yesterday, the Cyberspace Administration of China grouped a handful of earlier restrictions under a final 24-point regulation that is to come into effect on Dec. 1.
The rules require streaming services to log user data and content for 60 days, and to work with regulators to provide information on users who stream content that the government deems threatening to national security or social order.
Both users and providers are punishable under the regulations.
The law also codifies rules that ban online news broadcasting services from original reporting, requiring them to identify sources and non-selectively reproduce state-sanctioned information.
China’s live-video streaming industry has experienced booming growth in the past two years as dozens of video and social media sites scrambled to add the updated capabilities to their existing services.
Credit Suisse Group AG analysts estimate the industry could top US$5 billion by the end of next year, driven by cheap bandwidth and a growing population of young mobile users.
The industry’s exponential growth attracted increased scrutiny from government authorities this year.
In April, Chinese authorities called on 20 of the nation’s top firms to join a self-criticism coalition, saying the industry was damaging China’s youth by proliferating content including pornography, fraud and terrorism.
On June 1, companies including Baidu Inc (百度), Sina Corp (新浪), Sohu.com Inc (搜狐) and Youku Tudou Inc (優酷土豆) acknowledged the new rules as part of the group, including requirements for real-name authentication.
While the latest move places wide-reaching restrictions on the Web sites, it also signals an official sanctioning of the industry and its top players by Chinese officials.
Much like China’s earlier online video and music industries, the regulations put pressure on smaller competitors and bring larger firms into line with regulators, offering more growth opportunities for a smaller number of controllable companies.
“One of the things the government always wants to do is narrow the playing field to a smaller number of higher profile known entities, ideally ones that have a better track record of cooperating with the government,” Marbridge Consulting managing director Mark Natkin said.
“In the long run it’s actually relatively beneficial to the large companies,” he said.
In May, the government handed down 588 licenses for prominent media outlets and live-streaming sites, effectively banning all unapproved services.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced