Economy News Shares

TikTok complies with the regulations of Chinese authorities


According to Chinese media on July 18, TikTok has limited usage time for youth aged 14 and under in China to 40 minutes daily. Chinese authorities capped the time people could spend playing TikTok, and TikTok put forward the pretext of youth protection.

tiktok china

Media reports say that under-14-year-old subscribers already have to switch to youth mode, which has time and content restrictions.

Youth mode allows only 40 minutes of use per day. It cannot be accessed from 10 p.m. to 6 a.m. the next day.

Additionally, the youth mode features videos that present science experiments, exhibitions at museums and art galleries, beautiful landscapes from around the country, and historical explanations.

TikTok is the first short video application in China. The application is used by over 600 million people each day.

The world’s most valuable startup.

ByteDance is one of the companies grappling with the unpredictability of the government’s crackdown. Beijing’s assault on the tech sector, which spans social media and games to internet platforms, has cast a shadow over a startup once valued at $500 billion in private deals.

Bloomberg News reports that the company, whose partners include SoftBank Group Corp. and Tiger Global Management, has begun preparing for an IPO of its domestic assets that could raise several billion dollars. Despite the regulatory turmoil, the company worked with regulators to ensure compliance with data security requirements before going public.

After addressing concerns from Chinese regulators, ByteDance recently revived plans to list in Hong Kong in early 2022, according to The Financial Times on Sunday.

The company plans to go public either in the fourth quarter of this year or in early 2022, the FT reported, citing sources familiar with the matter.

An expert said: “We expect final guidance from ByteDance this month. They have submitted all the documents to Chinese authorities and are going through the review process.”

For MetaNews.


Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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