Home » TECH AND INTERNET » Chinese social media platforms to “rectify” financial self-media accounts

Chinese social media platforms to “rectify” financial self-media accounts

FILE Photo: WeChat application is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Picture

August 28, 2021

SHANGHAI (Reuters) – China’s best social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would commence to rectify irregular methods of “self-media” accounts that publish economic information, described state media World-wide Periods.

This follows an announcement by China’s cyberspace regulator, the Cyberspace Administration of China (CAC), that it would glance into accounts that have regularly unveiled monetary news illegally, distorted economic policy interpretation, badmouthed economic markets, spread rumours and disrupted network communications.

The expression “self-media” is generally used on Chinese social media to explain independently operated accounts that produce initial content but are not formally registered with the authorities.

Wechat reported in a statement on Saturday that from now right up until Oct. 26, it would examine and shut down financial self-media accounts that “badmouth the money market” and “blackmail and distribute rumors.”

Sina Weibo, Douyin and Kuaishou also launched very similar statements on Saturday, claimed the World Periods, with Sina Weibo and Kuaishou introducing that they would seriously crack down on accounts that violate the principles.

The announcements arrive amid a the latest crackdown by Beijing on the tech sector, with the most current regulations concentrating on “chaotic” movie star admirer lifestyle and algorithms that technologies corporations use to push their business.

China is also framing rules to ban world wide web businesses whose data poses possible stability pitfalls from listing exterior the state, including in the United States.

(Reporting by Emily Chow. Modifying by Gerry Doyle)

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