China’s Ministry of Information Industry (MII) has suspended operation of 265 cross-regional value-added telecommunication service providers to put the market in order.
The ministry said these companies had violated industrial regulations, owed connect fees, delayed operation, changed shareholders without permission and escaped annual inspections.
The companies which had violated industrial regulations include Beijing Lei Ting Wan Jun Network Technology Limited Company, HYFSOFT Software Co. Ltd. and Shenzhen Tencent Computer System Co. Ltd. The ministry has required relevant companies to rectify operation before June 24. [Full Text]