China’s Tech Platforms Seen Pushing Putin’s Propaganda: FT

Response to Ukraine invasion poses ESG problems for foreign investors in country’s social media companies

 

China’s private technology groups, including Tencent, Sina Weibo and ByteDance, have been disseminating official misinformation about Russia’s invasion of Ukraine, posing difficult compliance issues for the companies’ foreign investors, the Financial Times reported.

The internet platforms of tech giants in China are promoting content backing Russian president Vladimir Putin’s attack on Ukraine while suppressing posts sympathetic to Kyiv, the story said. “The Chinese market is uninvestable from an ESG perspective,” said Félix Boudreault, managing director of Sustainable Market Strategies, an environmental, social and corporate governance (ESG) investment research group.

Full story: The Financial Times

 

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Sean OMeara

Sean O’Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.