#450M DAUS WECHAT CHINA UPGRADE#

BEIJING, July 27 (Reuters) - Tencent's (0700.HK) WeChat has temporarily suspended registration of new users in mainland China as it undergoes a technical upgrade 'to align with relevant laws and regulations', China's dominant instant messaging platform said on Tuesday. 'We are currently upgrading our security technology to align with all relevant laws and regulations,' the company said in a statement to Reuters.

'During this time, registration of new Weixin personal and official accounts has been temporarily suspended. Registration services will be restored after the upgrade is complete, which is expected in early August,' it added. #Tencent 450m daus wechat maus china upgrade Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%.Ĭhina is in the process of tightening policies towards privacy and data security. It is readying a Personal Information Protection Law, which calls for tech platforms to impose stricter measures to ensure secure storage of user data. read moreīeijing-based tech consultant Zhou Zhanggui said investors were over-reacting to the 'rectification' of Chinese tech companies. 'The suspension of new user registrations on WeChat has no substantial impact on Tencent in the short term,' Zhou said. 'You don't have to go outside of WeChat to enjoy all the services 10 other apps would give you.' Beyond social networking, WeChat has. Keso Hong, an independent industry analyst, said Tencent's share price decline was triggered by changes in the overall regulatory environment, including the crackdown on tutoring firms. WeChat is Uber, Facebook, ApplePay, Snapchat, Amazon, Skype and Tinder in one app, notes Nellie Shen, the CEO of Great Britain-based Kaitlin Zhang Branding in a blog post. China's dominant messaging app, Tencent Holdings' Weixin, known as WeChat outside the country, said on Thursday that average daily active users for its mini programs hit 450 million in 2021. 'It happened today after the market panic kept building up,' he said. #Tencent 450m daus wechat maus china upgrade.

450m daus wechat china