![]() 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. In this podcast, Jeffrey Towson discusses the potential value of WeChat Mini. "We are currently upgrading our security technology to align with all relevant laws and regulations," the company said in a statement to Reuters. And these were the combined numbers reported at IPO: 305M average DAUs. ![]() "During this time, registration of new Weixin personal and official accounts has been temporarily suspended. Who uses Weibo And, what does the platform look like Weibo is still very popular in China and the second biggest social media platform after Tencents WeChat. 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 happened today after the market panic kept building up, he said. It is readying a Personal Information Protection Law, which calls for tech platforms to impose stricter measures to ensure secure storage of user data. Tencent 450m daus wechat maus china upgrade. 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. Apple has launched an online store via the WeChat messaging app in China. 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. 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.
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