![]() The progress suggests most of the seven video websites will complete rectification by the end of November or mid-December. Absolute propaganda words such as “become a member to avoid advertising” are no longer used. Before automatic renewal, users will be informed three to five days in advance by SMS and in-app messages. They all promise to cancel compulsory automatic renewal, and allow users to decide whether to renew automatically. On November 19, Zhejiang Consumers Council released the rectification commitments made by seven video websites ( Tencent, iQiyi, Youku, Mango, Sohu, PP Video and LeTV). One of the best parts about our jobs is the opportunity to talk with business owners. Thursday, Ximalaya, one of China's most prominent audio streaming platforms backed by Tencent, said it will drop its IPO plan in the United States filed in. Sources of Funding for Australias Entrepreneurs Howard H Frederick. On June 11, Beijing passed a new Data Security Law that regulates how companies collect, store and use data. SEE ALSO: Tencent Video Supports Unlocking of User Collections Sources didi chinabased keep ximalaya linkdoc LinkDoc Technology is now planning to lead a 200 to 300 million financing round before its upcoming IPO in Hong Kong, according to Bloomberg. Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO. Deducting fees three days in advance violates the principle of independence and fairness to a certain extent, and shortens the consumer’s choice cycle. They may have no intention of becoming long-term members. Many consumers pay for the membership because they want to watch a specific drama or a movie, or they accidentally pay for it. But instead of enhancing the stickiness of members by quality services and experiences, some platforms only think about putting shackles on members. The Shanghai Consumers Council holds that a paid membership system is actually a great business model for major platforms to establish strong relationships with their consumers. Meanwhile several apps don’t set a specific deduction time. Most apps, such as iQiyi, Ximalaya, Ele.me, Keep and others charged the renewal one day before expiration, and consumers can cancel it by themselves as late as one day before expiration. ![]() The automatic renewal period is now changed to 24 hours in advance and the fee is collected after expiration. deducts money the earliest at three days in advance. In response, Bilibili said the company was concerned about the issue, and has started self-examination, self-correction and optimization immediately. For example, Youku deducts between one and three days before expiration and Mango TV charges 48 hours before expiration or even after expiration. ![]() Bilibili deducts money the earliest at three days in advance. Most apps charge one day before the expiration date, while several apps don’t have a specific deduction time. On Tuesday, the Shanghai Consumers Council issued a report about its investigation into the renewal deduction time of 12 apps.
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