China threatens closure of mobile news apps amid Internet crackdown

China threatens closure of mobile news apps amid Internet crackdown

Filed September 30, 2013

BEIJING – China on Monday launched a crackdown on several mobile news applications that provide news information services without approval from government regulators, threatening to shut down those who refuse to “rectify”.The ruling follows a government campaign to curb “online rumors”, as the government tries to rein in social media.The State Internet Information Office said that some of the news applications carried “pornography and obscene information and harm the physical and mental health of youngsters”, and others published false information.Some mobile news applications also provide a channel for subscribers in China to read articles published by foreign media outlets whose articles have been blocked in China, such as the New York Times.Mobile news applications identified include Zaker, which said it had more than 17.5 million users at the end of April, and Chouti whose slogan is: “Publish all that should not be published.”The state regulator has told authorities to further crack down on illegal mobile news applications, by requiring them to “rectify” according to the laws.The government will close down and ban those who refuse to rectify “to maintain order of news dissemination on the mobile internet”.China’s top court and prosecutor issued a regulation in September specifying that people will be charged with defamation if online rumors they create were visited by 5,000 internet users or reposted more than 500 times. Those responsible can be sentenced to three years in jail.Lawyers and activists called the latest crackdown a significant, if crude, expansion of powers to police the Internet and a blow to those who rely on microblogs to disseminate information that is often not monitored as strictly as traditional media.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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