WeChat suspends registration of new users

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Tencent shares tumbled 9% in Hong Kong on Tuesday, hit by recent Chinese regulatory crackdowns

O WeChat, gives Tencent, temporarily suspended the registration of new users in the China continental as it undergoes a technical update “to align with relevant laws and regulations,” China’s dominant instant messaging platform said on Tuesday.

“We are currently updating our security technology to align with all relevant laws and regulations,” the company said in a statement to Reuters.

“During this time, registration of new personal and official Weixin accounts has been temporarily suspended. Registration services will be restored after the update is complete, which is expected in early August,” he added.

Weixin is the Chinese name for WeChat.

Tencent shares tumbled 9% in Hong Kong on Tuesday, hit by recent Chinese regulatory crackdowns in high-growth sectors including online platforms and, more recently, tutoring.

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