The Latest Breaking News from WeChat

Why the Ukraine-Russia war is dividing the Australian Chinese community

Chinese Australians say polarised views on the invasion of Ukraine are leading to unpleasant conversations between husbands and wives, parents and children, and colleagues at work.

ABC News · Apr 10, 2022

Covid-19: Shanghai's locked down elite are joining hunt for groceries

SHANGHAI: Even the wealthy are struggling to buy food as Shanghai's lockdown drags on.

The Times of India · Apr 8, 2022

Weibo Plays With the Big Boys in Numbers, But Investors Still Worry

Key takeaways: Weibo’s revenue rose above pre-pandemic levels last year, but its profitability lagged due to heavy spending The company trails Meta in its ability to monetize users, and is very much in the shadow of local rival WeChat in terms of total user numbers By Ken Lo

Benzinga · Apr 7, 2022

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 · Mar 31, 2022

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 · Mar 29, 2022

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 · Mar 25, 2022

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 · Mar 25, 2022

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 · Mar 23, 2022

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 · Mar 23, 2022

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 · Mar 17, 2022