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Company profile

China Finance, Inc., through its wholly owned subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation (SHY), is engaged in providing surety guarantees for privately owned small and medium enterprises (SMEs) (or operating companies) in the People’s Republic of China entering into transactions, whereby the SME will be acquired by a publicly traded United States reporting company in a reverse merger or other merger and acquisition transaction; providing loan guarantees to assist SMEs and individuals in China in obtaining loans from Chinese banks for business operations and/or personal use, and making direct loans to SMEs for business operations. In addition, the Company is seeking direct investments (including, without limitation, controlling investments) in SMEs that would be made through the Company’s wholly owned subsidiary, Value Global International Limited.

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Google argues Supreme Court case could 'upend the internet'

8:28 am ET January 13, 2023 (MarketWatch)

By Jon Swartz

Ruling could transform the internet into 'a forced choice between overly curated mainstream sites or fringe sites flooded with objectionable content,' Google warns

The biggest test yet of Section 230, which shields websites from liability for third-party content, goes before the U.S. Supreme Court for oral arguments Feb. 21 with nothing less than the future of the internet at stake.

Should the court rule to scale back liability protections, it could "upend the internet" and create a digital landscape rife with censorship and offensive content, Alphabet Inc.'s (GOOGL) Google said in a court filing Thursday.

"This Court should decline to adopt novel and untested theories that risk transforming today's internet into a forced choice between overly curated mainstream sites or fringe sites flooded with objectionable content," Google said in its brief.

"Section 230 is fundamentally the economic backbone of the internet," Google General Counsel Halimah DeLaine Prado said. "A ruling that undermines Section 230 would have significant unintended and harmful consequences."

Google owns YouTube, upon which the case centers. The family of Nohemi Gonzalez, who was killed in the 2015 Islamic State terrorist attack in Paris, claims YouTube assisted ISIS by recommending the terrorist group's videos to users.

In its complaint, Gonzalez's family claims Section 230 of the Communications Decency Act (1996) has been extended to cover actions such as harmful content that lawmakers did not anticipate.

Section 230 "is not available for material that the website itself created," the petitioners wrote in a brief filed in November. "If YouTube were to write on its home page, or on the home page of a user, 'YouTube strongly recommends that you watch this video,' that obviously would not be 'information provided by another information content provider.'"

The immunity law essentially shields internet platforms like YouTube, Meta Platforms Inc.'s (META) Facebook and Twitter Inc. from being sued for harmful content posted by third parties on their sites.

-Jon Swartz


(END) Dow Jones Newswires

January 13, 2023 08:28 ET (13:28 GMT)

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