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In Southeast Asia, Temu has established operations in the Philippines, Malaysia, Thailand, Vietnam and Brunei. Photo: Shutterstock

Indonesia’s ban on Temu won’t spread across Southeast Asia: analysts

Indonesia’s core issue with Temu is how a large volume of cheap Chinese goods entering the country could impact its manufacturing sector.

Economist urges China to further elevate private sector as draft law disappoints

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TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside US, Asia

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LinkedIn halts Hong Kong users’ data collection for GenAI: privacy watchdog

Privacy Commissioner for Personal Data earlier raised concerns about the social media platform’s default opt-in use of the data.

LinkedIn said in September its updated privacy policy included language that indicated users’ data and content would be used by default to train the platform’s GenAI. Photo: Shutterstock

My Take | Unusual draft law signals China’s resolve to protect private economy

The draft private-economy protection law contains clauses targeting ‘long-range fishing’ and other problematic practices by local officials.

Hong Kong names accounting regulator Kelvin Wong as next SFC chairman

Wong, 63, will serve a three-year term leading the market watchdog starting on October 20, replacing current chairman Tim Lui.

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Discount shopping giant Temu enters Vietnam and Brunei amid Indonesia ban

The latest expansion initiatives of Temu reflect its efforts to grow in Southeast Asia, home to nearly 700 million people.

Temu has been blocked from Apple’s App Store and Google Play in Indonesia. Photo: Shutterstock

TikTok slashes hundreds of jobs in shift towards AI content moderation

Short-video platform TikTok currently employs a mix of automated detection and human moderators to review content posted on the site.

China curbs ‘excessive’ law enforcement in quest to quell private sector doubts

Law enforcement practices that have raised the hackles of private businesses in China coming under fire from top officials.

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China releases widely watched law draft concerning promotion of private sector

Newly proposed legislation is intended to address lingering concerns among private firms while creating a fair and predictable business environment.

A new draft law is intended to protect China’s private sector at a time when business confidence remains weak amid economic woes. Photo: Bloomberg

US charges crypto firms and staff with fraud, including 2 from Hong Kong

Prosecutors say the defendants engaged in sham trades to artificially inflate the trading volume of cryptocurrency tokens.

Defendants of a US fraud case are charged with manipulating the value of various cryptocurrencies. Photo: Reuters

US weighs Google break-up in historic Big Tech antitrust case

The US Justice Department may propose a forced sell-off of parts of Google’s business to prevent illegal monopolisation.

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

The current investor euphoria has been aroused by the proliferation of upbeat short-video posts on Chinese social media.

Golden week: China’s property market gets boost from Beijing’s stimulus measures

Strong sales in Shenzhen during the week-long holiday reflect the impact of recent wide-ranging stimulus measures rolled out by Beijing.

Chinese homebuyers gather at a property showroom in Shenzhen’s Nanshan district on October 3, 2024. Photo: Yulu Ao

As Chinese firms expand overseas, spotlight turns on cross-border disputes

Beijing urged to consider importance of international arbitration in resolving issues and protecting national interests in global markets.

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Chinese firms are becoming increasingly aware of arbitration as a key dispute-resolution mechanism, according to experts. Shutterstock Images

Malaysia’s palm oil lobby welcomes ‘sensible’ reprieve from EU deforestation law

The delay gives producers more time to comply with the complex regulations, which were originally set to come into effect on December 30.

Opinion | To unlock AI’s potential for good, we all need to work together

UN report with principles and recommendations for international AI governance aims to ensure the technology serves the public interest.

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China urges audit firm PwC to strictly abide by rules and regulations

China’s vice-finance minister met PwC’s chief in Beijing following a hefty fine and suspension handed to the firm’s mainland unit over auditing failures at Evergrande.

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PwC Zhong Tian, the China unit of the accounting firm, was handed a record fine of 441 million yuan on September 16. Photo: AP Photo

Former Chinese finance official urges crypto research as US softens stance

Former finance vice-minister Zhu Guangyao called cryptocurrencies a ‘crucial aspect for the development of the entire digital economy’.

Shanghai, tier-1 cities remove more curbs in major boost to property market

Guangzhou is setting the tone for policy deregulation across the country, says Yan Yuejin of E-house China Research and Development Institute.

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Opinion | Can we curb our destructive behaviour before AI takes control?

If we want to retain control over our lives and the planet, we must rebuild trust and goodwill while restraining our desire for conflict and dominance.

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Participants chat in front of an electronic image of a soldier at a summit titled Responsible AI in the Military Domain, in Seoul on September 10. Humans, not artificial intelligence, should make the key decisions on using nuclear weapons, it was agreed in a non-binding declaration. Photo: AFP

Opinion | What Australia’s quest for nuclear-powered submarines tells us

The Aukus deal underlines the enduring appeal of submarines to a modern military, amid advances in warfare technologies, but acquiring one isn’t that easy.

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A Virginia-class nuclear-powered attack submarine of the type Australia is set to acquire from the early 2030s. Photo: US Navy

China approves 109 video games in September as Wukong fever remains high

China’s video game regulator has approved an average of 107 titles per month this year, as gamers question whether Black Myth: Wukong marks a turning point.

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EU mulls curbs on China’s surging fast fashion online retailers

European Commission considers punitive actions to curb explosive market growth of Chinese merchants deemed ‘direct threat’ to European producers.

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Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

Alibaba is among a number of Chinese tech stocks that received a boost this week, following Beijing’s surprise market-support measures. Photo: Shutterstock

‘Environmental sin’: Indonesia slammed for reversal on sea sand export ban

Environmental activists warn lifting the ban could devastate marine life and endanger small islands already threatened by erosion.

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A dredging vessel spewing sand imported from Indonesia fills the seabed off western Singapore in 2002, before Indonesia imposed its export ban. Photo: AFP

Fiat, Jeep owner Stellantis’ CEO follows Chinese path to shun EV tariff ‘trap’

Carlos Tavares, CEO of Stellantis, a major investor of EV maker Leapmotor, said the best way to compete is to ‘try to be Chinese ourselves’.

California governor signs law to protect children from social media addiction

The legislation addresses concerns that social media is taking a toll on the mental health of young children.

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Regulation
The latest news, analysis and opinion on Regulation. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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