Paid content is a real business in China

Business & Technology

Top business and technology news for March 8, 2017. Part of the daily SupChina news roundup "News roundup: China and ASEAN: A code of conduct for the South China Sea."

  • The time for paid content in China is now: Douban Time goes live / China Film Insider
    Douban, a popular Chinese social networking service website that focuses on film, books, music, culture, and events, has launched its first paid content feature, called Douban Time. The platform includes curated texts, images, and sounds from writers and creators in different fields. The first offering is a 102-episode poetry program in which poets and critics will give lessons in poetry appreciation, at a cost of 128 yuan ($18). WeChat, the most popular Chinese social media network, with more than 10 million public accounts and 650 million active users, is expected to launch its own paid content feature soon.
  • U.S. fines ZTE of China $1.19 billion for breaching sanctions / NYT (paywall)
    ZTE, China’s second-largest maker of telecom equipment, agreed to plead guilty for violating U.S. sanctions against Iran and North Korea, the U.S. Department of Commerce announced today. The company will face $1.19 billion in fines. The penalty is the largest criminal fine ever levied in a U.S. sanctions case.