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Taiwan to block streaming services of Tencent and Baidu's iQiyi

Crackdown is latest setback for Chinese internet companies seeking growth abroad

Taiwan's move to crackdown on Tencent and Baidu-owned iQiyi has drawn public backlash from fans of their video streaming services. (Source photos by AP)

HONG KONG/TAIPEI -- Taiwan authorities are closing a regulatory loophole to block Tencent Holdings and Baidu from offering video streaming services on the self-governing island, the latest sign that rising geopolitical tensions are weighing on the global ambitions of Chinese internet giants.

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