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

Crackdown is latest setback for Chinese internet companies seeking growth abroad

20200818 Tencent iQIYI

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)

COCO LIU and LAULY LI, Nikkei staff writers

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.