The Chinese government is tightening its grip on tech companies and they have been working on measures to comply with regulations from the government. One of the recent moves is the government’s effort to rectify irregular practices of “self-media” accounts publishing financial information, with a number of leading tech companies joining hands.
According to multiple reports including the South China Morning Post, the Chinese government launched a campaign last Friday to crack down on citizen journalists or “self-media” who misinterpret economic policies and forecast doom and gloom in financial markets. “Self-media” accounts are independently operated public social media accounts on WeChat and Weibo. Many of them have been accused of spreading rumours and using fake news to blackmail companies.
The Cyberspace Administration of China said these “self-media” accounts seriously disrupted the order of information dissemination on the internet….