China slaps TikTok rival Kuaishou with a $17 million fine after porn livestream flood
Beijing fined Kuaishou 119.1 million yuan ($17.2 million) and issued a warning after a Dec. 22 cyberattack exposed users to pornographic and violent livestreams. Regulators said Kuaishou failed to block illegal content and neglected cybersecurity fixes. The company apologized and pledged to address system flaws. Kuaishou shares fell nearly 6% after news of the incident.
