Some of China’s biggest tech companies are in trouble with the country’s powerful internet regulator over activity on their social media platforms.The Cyberspace Administration of China said it’s investigating Tencent, the owner of the country’s biggest messaging app; Baidu, the dominant Chinese search engine; and Weibo, the leading Twitter-like microblog service.Shares of Tencent (TCEHY), a $380 billion company, plunged nearly 5% in Hong Kong after the announcement Friday. Baidu (BIDU, Tech30) and Weibo (WB) are listed in the U.S.
Källa: China targets social media giants over ‘rumors’ and ‘porn’ – Aug. 11, 2017
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