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The Chinese government continues to expand its oversight of the Internet, putting pressure on Chinese Web companies including Tencent Holdings and Alibaba Group Holding, which are required by the government to help censor content. Bloomberg's Brendan Scott has more on "First Up." (Source: Bloomberg, Aug 15)
For all the wild-eyed speculators thinking they are going to make a fortune in new Chinese IDN gTLDs, you better do some due diligence, including what makes for a good domain name market (clue: censorship does not help), and what is actually going on in China (see video above, and story at link below, excerpt follows):
Xi Remakes Internet in China’s Year of Blogging Dangerously - Bloomberg: Last August, President Xi Jinping gathered his propaganda chiefs in Beijing to rally them against a force that long vexed China’s ruling party: the Internet... Within days, Chinese authorities began their most severe online crackdown yet. Famous bloggers were jailed. The government instituted new punishments for defamatory social-media posts. State media officials were setting up portals to influence the country’s more than 630 million Web users. In the year since Xi’s Aug. 19 speech, China’s Internet -- already one of the world’s most heavily censored -- has grown even more tightly controlled, undercutting the idea that new technologies will lead to more open political debate and free speech. The government continues to expand its oversight, announcing new arrests and restrictions. The crackdown has put pressure on Chinese Web companies including Tencent Holdings Ltd. (700) and Alibaba Group Holding Ltd. (BABA), which are required by the government to help censor content.... (read more at link above)
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