Tencent’s WeChat suspends new user registration in China to comply with ‘relevant laws and regulations’
Tencent’s WeChat said on Tuesday it is temporarily suspending registration of new consumers in China as it works to comply with ” relevant laws and regulations ,” the latest Chinese firm to face regulatory scrutiny in the world’s largest internet market.
In a social media affix, Tencent said it is ” upgrade ” its security technology to align with all relevant laws and regulations and while this process in underway” enrollment of brand-new Weixin( WeChat’s Chinese app) personal and official accounts has been temporarily suspended .”
” Registration services will be restored after the modernize is complete, which is expected in early August ,” said WeChat, which has amassed over 1.2 billion monthly active customers in China as of earlier this year.
It’s not immediately clear which rule WeChat is citing in its announcement but the move comes amid a broad crackdown on tech firms by Chinese regulators. The repression has wiped billions of dollars in market ceiling for Chinese conglomerates in recent weeks and countless high-profile world-wide investors including SoftBank are impacted by it.
This is the first time WeChat, which operates as a super-app in China, has had to take a step of this kind in more than a decade. In addition to offering a messaging busines, Weixin too allows users to establish online remittances and access a range of financial services.
( In other sells, it’s a different legend. Donald Trump had signed an ordering to ban transactions with TikTok and WeChat in the U.S. last year. President Joe Biden revoked and superseded those wars last month .)
Some advisers believe that the Chinese government is concerned about the growing influence of tech conglomerates in the country and too the privacy of its citizens’ data.
Earlier this month, China’s cybersecurity regulator ordered ride-hailing monstrous app Didi to stop signing up brand-new users. That move had come daytimes after Didi’s $4.4 billion initial public offering on the New york stock exchange. Didi’s app, which has been pulled from the app accumulates in China, illegally compiled personal data of its clients, the regulator accused.