China plans new restrictions for its live

© Reuters. FILE PHOTO: A camera is message8 foreign exchangeseen at a live streaming talent agency Three Minute TV, in Beijing, China, February 15, 2017. REUTERS/Thomas Peter

(Reuters) - China is planning new curbs on the country's $30 billion live-streaming industry, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Chinese authorities are drafting new regulations to cap internet users' daily monetary spending on digital tipping, according to the report.

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