The Chinese government, no stranger to mass censorship, has halted a stopgap approval process it has been using to vet video games before they can be released to the public amid a broader crackdown on the market, Bloomberg reported this week.
Tagged With tencent
It's no secret that being a woman in tech comes with its discriminatory disadvantages, but a new report from the Human Rights Watch reveals that in China, recruiting tactics are troublingly sexist. According to the 99-page report published on Monday, Chinese tech companies including Alibaba, Tencent and Baidu openly discriminate in job ads, noting that they prefer male candidates while objectifying female employees as a way to lure men to the company.
While most people in the West still aren't familiar with Tencent, the Chinese digital media and telecom conglomerate has quickly become one of the biggest players on the internet. Just last week, Tencent's market cap valuation of $US530 billion ($697 billion) propelled it past Facebook and into the fifth spot among the largest corporations in the world.
Snap is screwed. Following an earnings call on Tuesday, a fifth of the company's value disappeared in after-hours trading, Mark Zuckerberg is eating its lunch, Snap Spectacles are in the toilet. Yes, things are bad. But are they Vine-levels of bad? Or Twitter-bad? Trick question, Twitter's very screwed!