- Tencent Holdings Ltd TCEHY suspended new user registrations for its WeChat services as it undergoes a technical security upgrade under relevant laws and regulations, Bloomberg reports.
- Lately, China has issued strict regulations online education industry and food delivery.
- Tencent aims to resume new WeChat registrations around early Aug.
- WeChat is China's one-stop shop for everything from hailing a cab to ordering meals and paying utility bills. It has over one billion users.
- Price action: TCEHY shares traded lower by 5.15% at $57.08.
- Photo by guangpeng from Pixabay
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