WeChat

Will Tencent start a tsunami in live-streaming?

Sending and receiving electric red envelopes posed the biggest pressure to the clearinghouse, followed by shopping and dining.

This move is designed to help WeChat close the gap between its 1.08 billion monthly active users and WeChat Pay’s 900 million monthly active users.

The Cyberspace Administration of China has ordered WeChat, Liaotianbao, Duoshan, and Matong to follow legal procedures when adding new functions or publishing new applications.

WeChat exposed partial ID information of 17 accounts to showcase different types of fraudsters, offering cheating information on micro-loans, friends making, stocks and part-time jobs.

On Saturday, Tencent’s WeChat said it “cleaned up” its social media platform, punishing a slew of apps that the company says failed to obey its code of conduct. Links to ByteDance

Short-video app Douyin, which is known outside of China as Tik Tok, found that one gateway it relied on for onboarding new users – via WeChat – had been shut down on Tuesday. Douyin/Tik To

Allan Zhang mentioned that the current problem with most Internet companies is the obsession of user acquisition through devious schemes.