The Latest
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WeChat Bolsters Profitability: WeChat Channels and Mini Games Emerge as High-Margin Revenue Sources
On the afternoon of November 15 (Beijing Time), Tencent released its financial report for the third quarter of 2023, showing a total revenue of 154.63 billion yuan, marking a 10% year-over-year increase. The net profit under non-U.S. GAAP was 44.92 billion yuan, up 39% from the previous year. However, Tencent's operating profit experienced a 6% decline compared to the same period last year. 
On the afternoon of November 15 (Beijing Time), Tencent released its financial report for the third quarter of 2023, showing a total revenue of 154.63 billion yuan, marking a 10% year-over-year increase. The net profit under non-U.S. GAAP was 44.92 billion yuan, up 39% from the previous year. However, Tencent's operating profit experienced a 6% decline compared to the same period last year. -
Baffled Investors Fear Nothing's off Limits in China Regulatory Crackdown
Bewildered investors in China's tech sector scrambled once again from regulators on Tuesday, fearing that a state media story that likened internet gaming to opium signals a new front in the barrage of scrutiny that is being directed toward big business. 
Bewildered investors in China's tech sector scrambled once again from regulators on Tuesday, fearing that a state media story that likened internet gaming to opium signals a new front in the barrage of scrutiny that is being directed toward big business. -
Tencent Suspends Domestic WeChat Sign-Ups In China
China is stepping up privacy and security scrutiny of technology companies. 
China is stepping up privacy and security scrutiny of technology companies. -
WeChat Deletes LGBT Accounts Run By University Students
WeChat notified owners of the LGBT accounts that they were violating the company's regulations. 
WeChat notified owners of the LGBT accounts that they were violating the company's regulations. -
Tencent Cleans House On WeChat
Tencent is asking third parties to design better user experiences but some remain in violation of terms. Tencent is asking third parties to design better user experiences but some remain in violation of terms. -
Is China Going Too Far? U.S. Backs Australia’s Condemnation Of ‘Doctored Photo’
U.S. State Department said Wednesday the use of a doctored image was "a new low, even for the Chinese Communist Party." 
U.S. State Department said Wednesday the use of a doctored image was "a new low, even for the Chinese Communist Party." -
U.S. Appeals Court Rejects DOJ Request To Ban WeChat
The court says the U.S. government didn’t demonstrate enough evidence to warrant an immediate ban. 
The court says the U.S. government didn’t demonstrate enough evidence to warrant an immediate ban. -
Social Media E-Commerce Activity In China Set To Be Regulated
The draft law effectively places social media apps under the same rules and regulations governing e-commerce platforms. 
The draft law effectively places social media apps under the same rules and regulations governing e-commerce platforms. -
Federal Judge Blocks Trump's Executive Order To Block WeChat
Federal Judge Laurel Beeler issued a preliminary injunction to block Trump's executive order to ban the download of the Chinese messaging app WeChat in the United States. 
Federal Judge Laurel Beeler issued a preliminary injunction to block Trump's executive order to ban the download of the Chinese messaging app WeChat in the United States. -
WeChat Users Will Not Be Targetted By Trump Admin Ban: U.S. Justice Department
President Trump issued orders on Aug. 6 that targeted WeChat and TikTok, asserting these pose threats to U.S. national security. 
President Trump issued orders on Aug. 6 that targeted WeChat and TikTok, asserting these pose threats to U.S. national security.
