Beijing wants tech giants to shoulder more social responsibilities

  • China dropped a bombshell on the country’s young gamers.
  • For one, the new rule was instituted by the National Press and Publication Administration, the regulatory body that approves gaming titles in China and that in 2019 froze the approval process for nine months, which led to plunges in gaming stocks like Tencent.
  • While China curtails the power of its tech behemoths, it has also pressured them to take on more social responsibilities, which include respecting the worker’s rights in the gig economy.
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