Baidu resumes newsfeed function after cyberspace regulator’s complaints


BEIJING: Chinese search engine giant Baidu Inc’s resumed updating its news feed channels on April 24, 16 days after they were suspended following a clean-up order from China’s internet regulator.

The Cyberspace Administration of China earlier this month ordered Baidu to to stop the spread of “low brow content”, saying that Baidu’s content review processes on some of its news feed channels was not “strict” and the channels had been a bad influence on society.

Baidu declined to comment on April 24 when asked about the resumption of its news feed function.

On Tuesday, investor Roger Ikeda filed a shareholder class-action complaint against Baidu in the United States accusing it of failing to disclose problems with its newsfeed service.

Ikeda said the “precipitous decline” of the company’s share price after the suspension of the newsfeeds meant that investors “suffered significant losses and damages.”

“We believe the lawsuit has no merit and will defend ourselves vigorously,” Baidu said in response to the lawsuit. – Reuters





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

payday smile logo

PaydaySmile.com is a financial technology company specializing in payday loans and financial solutions. With a keen focus on catering to payday lending needs, the company provides tailored loan options and tools to assist individuals seeking short-term financial assistance. It’s important to note that while we offer financial tools and resources, we are not a direct lender.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

© 2025 PaydaySmile.com . All Rights Reserved.