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Regulation

Regulation
The latest news, analysis and opinion on Regulation. In-depth analysis, industry insights and expert opinion.
Empty display stands for drones are seen at a DJI store in a mall in Beijing on April 29. Photo: AFP
DJI

No-drone zone: DJI, consumers grapple with Beijing sales ban

Stores empty shelves as e-commerce sites including Alibaba’s Taobao and JD.com stop shipments to comply with ban effective on Friday.

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Hong Kong society

Opinion | Why governments beyond Hong Kong are wary of prediction markets

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Indonesia

Gaming platform Roblox to require facial scans for users under 16 in Indonesia

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Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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A worker produces photovoltaic modules for export at the workshop of a new-energy company in China’s Jiangsu province. Findings indicate a disproportionately high number of “zombie companies” in the nation’s renewables sector. Photo: Getty Images
Artificial intelligence

China blocks Meta’s Manus deal, raises Mythos concerns

The US and China may have to cooperate on managing the growing capabilities of artificial intelligence even as the technology starts to dominate competition between them.

Artificial intelligence

China blocks Meta’s Manus deal after months-long probe, thwarting purchase

Economic planner asks both parties to withdraw from deal for AI firm, in move with wider implications for other start-ups operating overseas.

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Artificial intelligence

Beijing sounds alarm over urgent need to clean up online ads

Market watchdog flags AI abuse and traffic-driven tactics as it launches first campaign to overhaul online advertising.

China’s top market regulator is set to launch a six-month crackdown on the country’s internet advertising sector. Photo: Shutterstock
Social media

Turkey passes bill to restrict social media access for under-15s

It comes a week after a 14-year-old boy killed nine students and a teacher at a middle school in southern Turkey, in a gun attack.

Hong Kong economy

Opinion | Hong Kong’s stablecoin roll-out puts banks at the centre of digital money

Hong Kong is building a bank-led digital money system, not a cryptocurrency free-for-all.

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E-commerce

Hidden office, fractured bone: violent clashes in China’s food safety crackdown

Details of secrecy, obstruction and violence emerge from a probe into 67,000 ‘ghost’ bakeries across China’s biggest e-commerce platforms.

Regulators have imposed the heaviest fine of 1.51 billion yuan on PDD and suspended it from adding new bakery merchants for nine months. Photo: Reuters
China-EU relations

China threatens EU firms over cybersecurity plans targeting Chinese companies

China’s commerce ministry warns broad retaliation is on the table if firms such as Huawei and ZTE are penalised by proposed law.

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Beijing has submitted to the EU on its cybersecurity regulations with a threat of retaliatory probes and the promise of litigation if Chinese firms are targeted. Photo: Shutterstock
Hong Kong society

Opinion | Why Hong Kong is hitting pause on basketball betting

As prediction platforms rise, the problem is not so much gambling but sports corruption. Unregulated betting offers temptingly large sums.

E-commerce

Chinese platforms fined 3.6b yuan over ‘ghost’ takeaways amid cutthroat rivalry

The fines follow a period of intense competition that drove down prices and stalled profit-making at China’s food delivery platforms.

United States

Ticketmaster owner Live Nation ran illegal monopoly, US jury finds

The anticompetitive conduct hurt music fans and the industry, the panel said in a verdict that may have big repercussions on the music world.

The Ticketmaster logo before an NFL football game in Jacksonville, Florida, in September 2024. Photo: AP
European Union

EU unveils age-check app amid efforts to better protect children online

The app will allow users to prove their age when accessing online platforms and is ‘completely anonymous’ to ensure data cannot be tracked.

An illustration shows an EU flag and smartphone with social media app icons displayed. Photo: Reuters
Malaysia

Deepfakes, cloned voices: the new AI threat facing Malaysia’s creators

Experts question whether Malaysia’s laws are keeping pace with the harm spread by AI, and call for stronger legal protections for artists.

Hong Kong society

Editorial | Hong Kong’s U-turn on basketball betting a prudent move

Officials have warned that launching the betting scheme at this time would encourage participation in illegal prediction market gambling.

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Technology

Opinion | The danger in the Global South’s pursuit of AI as a magical cure

Rushing in without local R&D, literacy or governance risks leaving countries as testing grounds and passive consumers of foreign tech.

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A woman takes an iris scan to link her Aadhar card with the National Register of Citizens at a passport service centre in Barpeta district in India’s north-eastern state of Assam in 2019. Without data governance mechanisms, Global South data could end up being extracted and monetised by foreign platforms for their own gains. Photo: AFP
Banking & finance

Editorial | Stablecoin launch delay shows Hong Kong would rather be safe than sorry

Given the complexity involved, it’s wise not to rush to meet any self-imposed deadline but to make sure a good framework is in place first.

Hong Kong’s Tai Po fire tragedy

Opinion | Tai Po fire hearings reveal broken promises to Hongkongers

The hearings have exposed gaps in the enforcement of safety rules and an attitude of avoiding blame among government departments.

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The Philippines

Philippines weighs social media ban for minors, but will it be enough?

Analysts warn that restricting access alone will do little to fix the algorithms that expose young users to harmful content.

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Teenagers play games on their smartphones at a convenience store in the Philippines. Lawmakers have called for curbs on minors’ social media access. Photo: Shutterstock
Banking & finance

Hong Kong’s anticipated stablecoin licence by end-March does not materialise

Analysts say the delay is most likely administrative and that the overall plan is still on track.

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Hong Kong’s stablecoin initiative is part of efforts to become a global digital-asset hub. Photo: Getty Images
US-China relations

Born in the USA? China targeted in Trump’s birthright citizenship fight

As Supreme Court decision looms, Chinese nationals find themselves at the centre of disputed core constitutional issue: who is an American?

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Indonesia

Indonesia begins social media ban for children under 16

Indonesia is now the first country in Southeast Asia to ban children from having accounts on platforms such as YouTube, TikTok and Facebook.

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Artificial intelligence

‘Economic own goal’? Vietnam’s AI law sets a risky pace for Southeast Asia

From Malaysia’s sovereign cloud to Vietnam’s data curbs, critics say the rush to regulate will deter investment.

Men use their phones at a cafe in Hanoi, Vietnam, in January. Photo: AFP
US-China relations

Open Questions | Euro, Chinese yuan to end US dollar dominance, top economist says

Kenneth Rogoff sees yuan as a reserve currency within five years, Europe asserting financial independence and greater regulation of stablecoins.

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Illustration: Henry Wong
United States

Meta and Google liable for damages in landmark US addiction trial

Jury orders US$6 million payout to a young woman, a verdict that could affect thousands of similar cases against tech companies.

Hong Kong politics

Hong Kong makes it illegal to deny device passwords in national security probes

Under amended rules to national security law, authorities can order removal of dangerous online messages but give assurance people’s daily lives unaffected.

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