China is considering having media companies share their content with rivals as well. This is what Bloomberg News Agency writes on Monday based on sources.
Among other things, the Chinese Ministry of IT would consider including content and videos from Tencent and Bytedance in the search results of Baidu, for example. This would also mean that a part of Tencent’s turnover, for example, would disappear to the search engines. It is uncertain whether Beijing will go ahead with the plans.
The Tencent stock drops 0.8 percent on Monday and Baidu wins 1.2 percent after the news on the plan was leaked.