Chinese regulators pledged to step up oversight of the country’s livestreaming platforms, a stark warning to an industry that’s come under fire in recent years for tax evasion and content violations.
Companies will be required to work with the authorities on collecting income taxes and deliver regular reports on streamers’ personal information, according new guidelines from government agencies including the antitrust watchdog and Cyberspace Administration of China. It did not name specific companies but the industry is dominated by online giants including Kuaishou Technology, Bilibili Co. and Alibaba Group Holding Ltd.
