The founder also warns staff to focus on ‘safety, not speed’ when venturing into new fintech services like loans and insurance, according to Chinese media reports and people familiar with the situation.

The Shenzhen-based internet giant must find new lifelines in its video gaming and social media operations, Ma told employees at the firm’s annual meeting.

The call to break more digital barriers in China’s internet industry comes days before Tencent’s flagship video game, Honour of Kings, returns to ByteDance-owned Douyin’s live-streaming platform.

More than 80 per cent of parents said they had posted about their children, but 43.4 per cent of youngsters said it embarrassed them and 28 per cent ‘hated’ it.

Tencent has bet on swiftly building its online retail business on the back of the mainland’s vast number of WeChat users, estimated at 1.34 billion.

The 2021 WeChat photo controversy sparked widespread privacy concerns at the time, although Ma says issue was fixed with an update.

The Shanghai Municipal Tax Service’s explainer became widely circulated on Sunday after some local crypto enthusiasts suggested that authorities are starting to acknowledge the legitimacy of cryptocurrencies.

Stores could further drain customers away from Hong Kong retailers and replicating the big box stores in city may be impossible, given land and logistics costs.

Finance live streamers on WeChat must now be licensed professionals and cannot offer market predictions, according to the new rules.

A man in Beijing was detained by police and accused of sharing images of Kathy Chow’s medical records after her passing on Monday.

The Shenzhen-based tech giant is on track to sell 100 billion yuan worth of goods on WeChat Channels this year, according to Chinese media.

The strategic cooperation between Ant and Huawei underscores the growing momentum of HarmonyOS’ adoption in the world’s biggest e-commerce and smartphone market.

Tencent, China’s biggest social media and video gaming company, is closing its live-streaming service Now, as the company continues to consolidate its video businesses.

Tencent Holdings is integrating WeCom, the enterprise version of ubiquitous messaging app WeChat, with its in-house large language model Hunyuan, to develop industry-specific AI applications for healthcare clients.

The National Radio and Television Administration has proposed a range of measures to ‘strengthen and refine management’ of short web dramas, including a sweeping review of each series’ cast, production, marketing and social values.

China needs to develop 1 million artificial intelligence-native applications and less AI large language models, according to Baidu co-founder, chairman and chief executive Robin Li.

Chinese internet giant Tencent Holdings reported a profit decline for the third quarter of 2023, still ahead of market estimates, as China’s economic recovery continued to face pressure.

Users of digital wallets from China Mobile, China Telecom and China Unicom can now make payments by scanning WeChat QR codes, in Tencent’s latest effort to improve interoperability of tech services under Beijing’s directive.

The new policy by major online platforms Weibo, WeChat, Douyin, Kuaishou and Bilibili underscores their commitment to support Beijing’s crackdown on anonymous Chinese social media accounts.

The ban was announced after an assessment that Tencent-owned WeChat and Moscow’s Kaspersky ‘present an unacceptable level of risk to privacy and security,’ Canada’s Treasury Board said.

The tech giant announced that it has seen improvements in products such as Tencent Docs and WeChat search after integrating its generative AI model.

The Nostr social media protocol has elicited such enthusiasm in users that there are dedicated podcasts, newsletters and conferences, including in Hong Kong.

Users who click on some advertisements placed on Tencent’s WeChat Channels will be directly taken to Alibaba’s Taobao and Tmall, the companies say.

The Chinese internet giant’s foundation artificial intelligence model provides a range of functions, including image creation, copywriting and text recognition, that can be applied in multiple industries.

Call for unification of QR codes comes as the People’s Bank of China pushes to promote the country’s central bank digital currency across all retail use cases.

Li Bei, founder of Shanghai Banxia Investment Management Center, blames foreign funds for the recent sell-off in Chinese stocks, saying they stirred up market volatility and called them “a bunch of aimless flies”.

The Ministry of Industry and Information Technology requires all mobile app providers to submit their business details to the government or face punishment.

Alipay’s latest initiative, announced ahead of the 2023 Asian Games in Hangzhou, underscores efforts in China to make it easier for foreign tourists to make payments in the country’s cashless society.