WeChat Tag

28 Feb Bitcoin remains fast-trending topic on Chinese social media as cryptocurrency’s surging price overcomes stigma of government ban

Posted at 23:00h in Asia

Bitcoin’s popularity also increased more than 358 per cent from a day ago on Chinese super app WeChat, according to Tencent Holdings’ official WeChat Index, which tracks keyword traction across in-app search, videos, live streams and blog posts.The Chinese government banned banks from handling bitcoin...

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27 Feb ‘Shining on international stage’: Chinese developers of OpenAI’s text-to-video generator Sora receive acclaim at home

Posted at 11:00h in Asia

At least two Chinese developers involved in building Sora, the newly released text-to-video generator from ChatGPT creator OpenAI, have received acclaim on the mainland for their efforts, showing how the advanced generative artificial intelligence (AI) technology has ignited interest across the country where the Microsoft-backed...

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21 Feb Which were the most used apps during Lunar New Year? Familiar names like Tencent and ByteDance dominated top 5

Posted at 23:00h in Asia

The most used apps in China during the Lunar New Year holiday were familiar domestic social media and content platforms that have dominated the market for the past decade, according to government data.Among the apps that used the most cellular data during the nine-day holiday...

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30 Jan ByteDance CEO wants to whip employees into shape, as they lack a ‘sense of crisis’ amid fierce competition at home and abroad

Posted at 13:43h in Asia

The chief executive of ByteDance, owner of TikTok and its Chinese sibling Douyin, said the company lacks a sense of crisis, which has made the Chinese social media giant slow and inefficient in the face of fierce competition.That introspection was made...

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29 Jan Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

Posted at 13:26h in Asia

The 52-year-old Ma, who kept a low profile during China’s 32-month crackdown on Big Tech firms, delivered that positive message in a speech before Tencent’s annual staff meeting on Monday at a stadium in Shenzhen, the company’s home city in southern Guangdong province.Founded...

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17 Jan China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

Posted at 10:00h in Asia

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said.Increased collaboration between China’s major internet companies are expected to not only benefit consumers, but help further expand the industry, according...

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12 Jan Tencent’s e-commerce drive takes off in 2023 on the back of super app WeChat’s short video and live streaming function

Posted at 11:30h in Asia

WeChat’s short video and live streaming function enabled the platform to record nearly triple gross merchandise volume (GMV) in 2023, according to information released on Thursday during the app’s annual Open Class Pro developer conference held in Guangzhou, capital of southern Guangdong province.While the...

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08 Jan Tencent’s Pony Ma says 2021 WeChat photo privacy controversy was ‘misunderstanding’ that was fixed with update

Posted at 14:30h in Asia

Pony Ma Huateng, founder, chairman and CEO of Tencent Holdings, has described a 2021 privacy controversy sparked by a photo issue with its all-purpose super app WeChat as a “misunderstanding”, according to a local media report.Ma described the issue as “a misunderstanding caused by cache...

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08 Jan Shanghai explainer on taxation of digital currency transaction drives speculation on potential easing of China’s crypto ban

Posted at 11:30h in Asia

The explainer, “Common Misunderstandings Regarding Personal Income Tax on Business Income and Categorised Income”, became widely circulated on Sunday after it was published on WeChat by the Shanghai tax service on Thursday. It cited a 2008 statement by the State Taxation Administration (STA).That prompted...

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31 Dec Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO

Posted at 10:33h in Asia

China’s central bank has agreed that Ant Group’s mobile payment app Alipay has no controller, a crucial step in the fintech giant’s overhaul deemed necessary to put its much-anticipated initial public offering back on track.The billionaire’s share of the voting rights are now divided...

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