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The Latest Breaking News from WeChat

Chinese Australian Liberal supporters falsely accuse Labor faithful and government critics of being under investigation

Liberal Party faithful in the Chinese community falsely accuse prominent Labor supporters and Morrison government critics of being under investigation by intelligence agencies for election interference.

ABC News

Qudian Sees Food for Growth in Prepared Meals, Weighs Exit of Core Lending Business

Key Takeaways • Qudian said it has started trial operations for QD Food, which sells ready-to-cook meal kits through a WeChat mini app • The move comes as company says it may wind down its original credit business due to challenging regulatory environment By Warren Yang

Benzinga

My life in Shanghai’s never-ending zero-Covid lockdown

A resident in the Chinese megalopolis describes the desperation – and the humanity – of three weeks in strict quarantine

The Guardian - UK

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COVID-shaming pits neighbour against neighbour in locked-down Shanghai

The tensions of lockdown have exposed divisions among Shanghai residents, pitting young against old, locals against outsiders, and above all, COVID-negative against COVID-positive people.

Reuters

Shanghai is China's richest city. But even billionaires and celebrities aren't safe from its extreme lockdown

As Shanghai enters its fourth week of lockdown, Chinese elites are finding themselves trapped by extreme COVID measures in a city where the welfare of lower-income residents remains unknown.

ABC News

Shanghai residents and police clash after homes seized for Covid quarantine

Shanghai residents have been seen in a video wrangling with authorities in hazmat suits as anger and desperation at the city’s Covid lockdown continues.

Evening Standard

Shanghai authorities turning residential buildings into COVID-19 isolation facilities, sparking anger

Authorities in Shanghai are converting residential buildings into quarantine centres to house a mounting number of COVID-19 cases, but the move is sparking anger and protests among neighbours who are worried they are being put at increased risk of infection.

ABC News

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Why the Ukraine-Russia war is dividing the Australian Chinese community

Chinese Australians say polarised views on the invasion of Ukraine are leading to unpleasant conversations between husbands and wives, parents and children, and colleagues at work.

ABC News

Weibo Plays With the Big Boys in Numbers, But Investors Still Worry

Key takeaways: Weibo’s revenue rose above pre-pandemic levels last year, but its profitability lagged due to heavy spending The company trails Meta in its ability to monetize users, and is very much in the shadow of local rival WeChat in terms of total user numbers By Ken Lo

Benzinga

YouTube restores suspended account of Chinese vlogger reporting from Ukraine on atrocities

YouTube takes action a week after suspending Wang Jixian’s channel when it received a report his posts contained ‘suspected violence’

The Guardian - AU

Chinese students are becoming more politically active in Australian elections – but it comes at a risk

Chinese international students in Australia have become more politically engaged in recent years, particularly when it comes to student politics on campus.

The Conversation

China finds new omicron variant subtype as daily COVID cases exceed 13,000

China added more than 13,000 new COVID-19 infections with state media reporting a case infected with a new subtype of the omicron variant.

Tribune News Service

Shanghai separates Covid-positive children from parents

SHANGHAI: Esther Zhao thought she was doing the right thing when she brought her two-and-a-half-year-old daughter to a Shanghai hospital with a fever on March 26.

Bangkok Post

Tencent's WeChat Suspends NFT Accounts To Appease Chinese Regulators

Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging app suspended some non-fungible token accounts to comply with China's regulatory bindings, CNBC reports. Tencent also rectified the public accounts on WeChat to prevent speculation risks in digital currency transactions. WeChat clarified that the official accounts verified by Tencent can display digital collectibles but cannot offer…

Benzinga

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Benzinga

Weimob Invests For The Future, As Investors Grow Impatient For Profits

Key Takeaways: Weimob reported a $566 million yuan adjusted loss for 2021, reversing a profit from the previous year, as it spent heavily on new initiatives Big-name investors sold down their stakes in the company in the second half of last year, but are showing early signs of returning By…

Bangkok Post

China cancels Keanu Reeves

Chinese streaming platforms including Tencent Video and iQiyi have taken down films and video content starring actor Keanu Reeves after he participated in a Tibet-related concert.

Asharq Al-Awsat

Keanu Reeves Axed by Chinese Video Platforms after Tibet Concert

Chinese streaming platforms including Tencent Video and iQiyi have taken down films and video content starring Canadian actor Keanu Reeves after he participated in a Tibet-related concert organized by a non-profit founded by the Dalai Lama. Checks by Reuters showed his acclaimed works, the Matrix and John Wick franchises, as…

Benzinga

Here's Why Alibaba, Tencent Look To Tighten NFT Norms

Citizens have to register with their real name to purchase NFTs and can only via Chinese Yuan. Chinese internet giants Tencent Holdings Ltd (OTC:TCEHY) and Alibaba Group Holding Ltd (NYSE:BABA) tightened specific rules on their respective NFT marketplaces to avoid further regulatory repercussions, CoinGape reports. Alibaba’s platform Jingtan looked to report users using bots or…

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Benzinga

Tencent Clocks 8% Revenue Growth In Q4; Looks To Focus On Core Businesses

Tencent Holdings Ltd (OTC:TCEHY) reported fourth-quarter FY21 revenue growth of 8% year-on-year to 144.2 billion yuan ($22.6 billion). Revenues from VAS increased by 7% Y/Y to 71.9 billion yuan, and Online Advertising decreased by 13% Y/Y to 21.5 billion yuan. Revenues from FinTech and Business Services increased by 25% Y/Y to 48 billion…

Benzinga

Tencent's Social Media Removes Posts Questioning China's Strong Economic Data

Tencent Holdings Ltd's (OTC:TCEHY) social media site WeChat deleted at least two reports by notable economists questioning China's surprisingly strong economic data, Bloomberg reports. JD.com Inc (NASDAQ:JD) chief economist Shen Jianguang argued over multiple contradictions behind the robust data. Tencent also removed a similar post by China Evergrande Group's former chief economist Ren…

Benzinga

After Alibaba, Tencent Could Attract Regulatory Penalty

The People’s Bank of China discovered Tencent Holdings Ltd (OTC:TCEHY) is guilty of violating some central bank regulations by its WeChat Pay mobile network, the Wall Street Journal reports. Regulators could subject Tencent to a penalty worth at least hundreds of millions of yuan. The central bank’s routine inspection of 2021 found WeChat…

Reuters

China censors online Ukraine debate, bars calls for peace

China's censors, who quietly determine what can be discussed on the country's buzzing social media platforms, are silencing views of citizens protesting against Russia's invasion of Ukraine.

Benzinga

Tencent Follows Alibaba; To Slash Transaction Fees For SMEs

Chinese social media firm Tencent Holdings Ltd (OTC:TCEHY) looks to reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, Reuters reports. The reductions will apply beginning September 1, 2021, and extend to September 30, 2024. The merchants need to meet China's classification standards for small and medium-sized…

The Guardian - AU

Josh Frydenberg ads appear on WeChat despite Liberal MPs calling for boycott

Ads attacking Anthony Albanese and celebrating Chinese New Year come weeks after Scott Morrison lost control of WeChat account

AAP

Treasurer uses WeChat for campaign ads

Despite political interference concerns over the Chinese social media platform, Treasurer Josh Frydenberg has placed ads on WeChat.

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