Tencent unveils ChatGPT rival in China amid continuing US AI chip ban
Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China.
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China’s Wechat Adds Support for Digital Yuan Payments
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage…
WeChat integrates digital yuan into its payment platform
Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity.
Report: Nearly 13,000 Chinese Social Media Accounts Promoting Virtual Currency Closed
Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently revealed. In addition, some 51,000 social media posts with content…
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of…
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been…
China’s WeChat bans crypto and NFT-related accounts
The policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt…
Chinese Messaging App Wechat Reportedly Suspends Accounts Linked to NFTs
Wechat, the Chinese messaging app, has reportedly suspended accounts that are linked to non-fungible tokens (NFTs). The objective of the crackdown is to stop the use of the affected accounts…
China Censors Crypto-Themed Short Videos Shared Online
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional…