China's internet regulator issues warnings to Kuaishou, Weibo over content violations

hina's top internet regulator issued a warning and imposed disciplinary measures on live-streaming platform Kuaishou (1024.HK) and social media platform Weibo (9898.HK) on Saturday.

The Cyberspace Administration of China said in two separate statements the actions to be taken include summoning company representatives, issuing official warnings, and ordering rectifications within a specified time frame.

The CAC said both platforms failed to fulfill their core responsibility of content management, citing the frequent appearance of problematic entries on their main trending lists, particularly those hyping celebrity gossip and trivial personal updates.

The announcement came a day after the market regulator opened an investigation into Kuaishou's e-commerce unit Kuaigou for suspected violations of the nation’s e-commerce law.

Kuaigou will "actively cooperate with regulatory authorities...and take this opportunity to improve our compliance level," the company said in a statement on its social media account on Friday.

The investigation is aimed at protecting consumers and small and medium-sized businesses, the State Administration for Market Regulation said in a statement.