The central bank of China has enacted a regulation, effective from May, that presents a stringent stance towards monopolistic practices in the financial sector.
Last Thursaday, the United States Department of Justice (DOJ) initiated a significant lawsuit against Apple Inc., leveling allegations such as suppressing the growth of cloud gaming services and the burgeoning sector of "super apps".
The astounding success of super apps like WeChat in China suggests that this model could potentially gain ground in the West as both consumers and businesses increasingly gravitate towards comprehensive platforms that cater to their multifaceted needs.
Tencent is strengthening its partnership with global card organizations such as Visa, Discover Global Network (including Diners Club), JCB, and Mastercard. This collaboration aims to enhance the digital payment experience for international users in China.
On May 21st, according to WeChat’s blog, WeChat Palm Pay was officially released. Users can currently perform palm payment on face recognition devices. They need to bind their personal WeChat account to the device and record the palm print. When making a purchase, simply place the hand over the scanning area of the payment device […]
On March 29, Tencent's two social platforms - WeChat and QQ - experienced a crash. Although the issue was resolved later that day and WeChat had previously experienced minor faults before this incident occurred, Tencent still issued severe punishment for it.
On March 28th, it was announced during the "2023 WeChat Open Class" that WeChat will soon launch a new feature called "Ask a Question" on its search function. This feature encourages users to ask questions and creators to provide answers.
On March 28, Tencent's flagship app WeChat announced a series of new plans for various sections including video accounts, payment, mini programs, search services and WeCom at its annual event promoting new functions and strategies.
ByteDance's short video app Douyin has begun supporting Alipay's collection code, a mobile and online payment platform, to finish payments, though the function is not available for Tencent's super app WeChat just yet.
Beijing Jianyou Technology, the developer of the pass-through mini game "Sheep a Sheep", which became a national online sensation on China's social media last year, said lately that the company's revenue had exceeded 100 million ($15.6 billion).
Tencent-backed social app WeChat is testing a take-out mini-program in two major Chinese urban centers, Guangzhou and Shenzhen. According to Tencent, the mini-program is exploring opportunities with sellers who already have the ability to deliver orders.
WeChat, a social media platform owned by Tencent, released on January 19 it's consumption data for the Spring Festival holiday. In the face of a gradual increase in consumption enthusiasm, the offline payment transaction volume of users using WeChat increased by 23%.
The annual CCTV Spring Festival Gala in China will be broadcast on WeChat Channels, ByteDance's Douyin and Kuaishou, among which Douyin may serve as one of the event sponsors.
WeChat, Tencent's mulitfunctional social media app that is ubiquitous in China, saw its business ecosystem expand last year with the robust growth of a video-based feature called Channels.
Pony Ma, the founder, chairman and CEO of Shenzhen-based tech giant Tencent emphasized at a recent internal staff meeting that "WeChat (Video) Channels is the hope of the whole company," and the short video platform has since made various moves to commercialize.
