Douyin cracks down on illegal cross-border investment content

Douyin has removed more than 1,500 pieces of content in the past two weeks as part of a crackdown on content encouraging illegal cross-border investment, following similar actions by Xiaohongshu, Chinese media reported.

The platform prohibits content that teaches or guides users to open Hong Kong bank accounts and securities accounts, or provides unqualified services for doing so, according to a Douyin representative cited by Cailianshe.

Xiaohongshu has also taken action, removing 539 posts and 146 comments related to illegally encouraging cross-border investment.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓