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The Latest Breaking News from WeChat

Shanghai separates Covid-positive children from parents

SHANGHAI: Esther Zhao thought she was doing the right thing when she brought her two-and-a-half-year-old daughter to a Shanghai hospital with a fever on March 26.

Bangkok Post

Tencent's WeChat Suspends NFT Accounts To Appease Chinese Regulators

Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging app suspended some non-fungible token accounts to comply with China's regulatory bindings, CNBC reports. Tencent also rectified the public accounts on WeChat to prevent speculation risks in digital currency transactions. WeChat clarified that the official accounts verified by Tencent can display digital collectibles but cannot offer…

Benzinga

Weimob Invests For The Future, As Investors Grow Impatient For Profits

Key Takeaways: Weimob reported a $566 million yuan adjusted loss for 2021, reversing a profit from the previous year, as it spent heavily on new initiatives Big-name investors sold down their stakes in the company in the second half of last year, but are showing early signs of returning By…

Benzinga

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China cancels Keanu Reeves

Chinese streaming platforms including Tencent Video and iQiyi have taken down films and video content starring actor Keanu Reeves after he participated in a Tibet-related concert.

Bangkok Post

Keanu Reeves Axed by Chinese Video Platforms after Tibet Concert

Chinese streaming platforms including Tencent Video and iQiyi have taken down films and video content starring Canadian actor Keanu Reeves after he participated in a Tibet-related concert organized by a non-profit founded by the Dalai Lama. Checks by Reuters showed his acclaimed works, the Matrix and John Wick franchises, as…

Asharq Al-Awsat

Here's Why Alibaba, Tencent Look To Tighten NFT Norms

Citizens have to register with their real name to purchase NFTs and can only via Chinese Yuan. Chinese internet giants Tencent Holdings Ltd (OTC:TCEHY) and Alibaba Group Holding Ltd (NYSE:BABA) tightened specific rules on their respective NFT marketplaces to avoid further regulatory repercussions, CoinGape reports. Alibaba’s platform Jingtan looked to report users using bots or…

Benzinga

Tencent Clocks 8% Revenue Growth In Q4; Looks To Focus On Core Businesses

Tencent Holdings Ltd (OTC:TCEHY) reported fourth-quarter FY21 revenue growth of 8% year-on-year to 144.2 billion yuan ($22.6 billion). Revenues from VAS increased by 7% Y/Y to 71.9 billion yuan, and Online Advertising decreased by 13% Y/Y to 21.5 billion yuan. Revenues from FinTech and Business Services increased by 25% Y/Y to 48 billion…

Benzinga

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Tencent's Social Media Removes Posts Questioning China's Strong Economic Data

Tencent Holdings Ltd's (OTC:TCEHY) social media site WeChat deleted at least two reports by notable economists questioning China's surprisingly strong economic data, Bloomberg reports. JD.com Inc (NASDAQ:JD) chief economist Shen Jianguang argued over multiple contradictions behind the robust data. Tencent also removed a similar post by China Evergrande Group's former chief economist Ren…

Benzinga

After Alibaba, Tencent Could Attract Regulatory Penalty

The People’s Bank of China discovered Tencent Holdings Ltd (OTC:TCEHY) is guilty of violating some central bank regulations by its WeChat Pay mobile network, the Wall Street Journal reports. Regulators could subject Tencent to a penalty worth at least hundreds of millions of yuan. The central bank’s routine inspection of 2021 found WeChat…

Benzinga

China censors online Ukraine debate, bars calls for peace

China's censors, who quietly determine what can be discussed on the country's buzzing social media platforms, are silencing views of citizens protesting against Russia's invasion of Ukraine.

Reuters

Tencent Follows Alibaba; To Slash Transaction Fees For SMEs

Chinese social media firm Tencent Holdings Ltd (OTC:TCEHY) looks to reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, Reuters reports. The reductions will apply beginning September 1, 2021, and extend to September 30, 2024. The merchants need to meet China's classification standards for small and medium-sized…

Benzinga

Josh Frydenberg ads appear on WeChat despite Liberal MPs calling for boycott

Ads attacking Anthony Albanese and celebrating Chinese New Year come weeks after Scott Morrison lost control of WeChat account

The Guardian - AU

Treasurer uses WeChat for campaign ads

Despite political interference concerns over the Chinese social media platform, Treasurer Josh Frydenberg has placed ads on WeChat.

AAP

US Adds Messaging Platforms Of Alibaba, Tencent To Its Counterfeit List

The U.S. added Alibaba Group Holding Ltd's (NYSE:BABA) AliExpress and Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging platforms to its list of notorious markets for counterfeiting and piracy Bloomberg reports. The messaging platforms were "two significant China-based online markets that reportedly facilitate substantial trademark counterfeiting," the Office of the U.S. Trade Representative said. WeChat and Weixin,…

Benzinga

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ABC News

Chinese medicine Lianhua Qingwen makes its way into community for COVID-19 treatment despite Australian ban

Demand for a traditional medicine used to treat COVID-19 symptoms is surging, with the illegal Lianhua Qingwen capsules making their way into Australia's Chinese community and onto supermarket shelves.

Benzinga

Tencent Says It Did Not Make New Investment In DiDi Since IPO

Tencent Holdings Ltd (OTC:TCEHY) revealed not making any new investment in DiDi Global Inc (NYSE:DIDI) since it went public, Bloomberg reports. However, Didi's SEC filings disclosed an increased stake by Tencent. Tencent's filings disclosed the addition of 1.8 million Didi shares to its last-known holdings. Related Content: Why DiDi Global Shares Are Rising The company clarified that Tencent subscribed…

ABC News

As younger children become eligible for the vaccine, anti-vaxxers spread false information about deaths

As children aged between five and 11 became eligible for COVID-19 vaccination in Australia, a story emerged online claiming a seven-year-old had died from the vaccine. But the story was a fake.

The Guardian - AU

Scott Morrison WeChat: new owner amazed account entrusted to ‘single person’ in China

Fuzhou software development firm representative denies allegations of foreign interference

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AAP

WeChat hits back at interference claims

The owner of Chinese social media platform WeChat has hit back at Australian accusations of political interference regarding Scott Morrison's account.

ABC News

Chinese businessman reveals why he bought Scott Morrison's WeChat account

The Chinese businessman who has taken over Scott Morrison's WeChat account insists the transaction had nothing to do with politics.

Reuters

Australia PM Morrison loses control of WeChat Chinese account as election looms

(Refiles to correct spelling of 'minister' in paragraph 1)

ABC News

China accused of foreign interference after Prime Minister Scott Morrison's WeChat account hijacked and renamed

Senior Coalition MPs accuse China's government of foreign interference after the Prime Minister's account on the ubiquitous Chinese language messaging app WeChat has its name changed.

The Independent UK

Australian leader's WeChat account taken over

A newspaper has reported Australian Prime Minister Scott Morrison’s account on Chinese-owned social media platform WeChat has been taken over and renamed

AAP

Security talks sought over WeChat hijack

Labor will seek a briefing from the federal government about potential national security implications following the takeover of the prime minister's WeChat.

The Guardian - AU

Australia records 58 Covid deaths; Hunt says ‘hoarding’ affecting rapid test shortage – as it happened

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