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Tencent scraps investment in media company Chaping after the latter faces criticism for ‘hidden plagiarism’

Tencent Holdings, which owns China’s top social media app WeChat, has scrapped an investment of up to CNY 30 million ($4.7 million) in a content start-up that has been criticised online and by state media for its handling of copyright issues. News of Tencent’s investment in Chaping, a WeChat-based online media company whose name means “bad review”, had spurred questions about Tencent’s commitment to protecting intellectual property that is at the core of its own content business spanning publishing, entertainment and gaming. Representational image. Reuters. “We have reached consensus with the Chaping…

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Modi govt aims to revamp public health scheme, lower costs after criticism: Report

India’s health ministry has trimmed its cost estimates for extending its main public health programme by 25% after criticism from a federal think-tank over inefficiency and slow progress, according to government documents seen by Reuters. The new estimate of $25 billion for a three-year extension of the flagship health programme, down from an initial figure of about $33 billion, comes as Prime Minister Narendra Modi pushes a multi-pronged agenda to revamp health services. Planned reforms include streamlining spending and bureaucracy, slashing prices of life-saving drugs and medical devices, and nudging companies…

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