Tencent accused for swindlers on WeChat

As more people are using WeChat, the most popular chatting app in China, so too are swindlers - under the cover of online micro businesses. These illegal merchants are similar to a pyramid scheme, where…

Do you know that social network giant WeChat…

Chinese tech giant Tencent on Wednesday released its 2016 second quarter and interim results. The company is turning China’s leading social network WeChat into a giant ecosystem for enterprises. According to the company’s data, the…

WeChat plus Groupon equals 10M customers and 110M…

Chinese mobile social ecommerce platform Pinduoduo said on Wednesday that it had landed USD 110 million in Series B financing. Investors in this financing round included Tencent, Banyan Capital and New Horizon. Pinduoduo said this…

Growing its ecosystem: WeChat pledges USD 15 M…

WeChat, China’s largest social network, announced on Tuesday a RMB 100 million (USD 15 million) fund which the company will use to support the growth of early stage developers and their companies in the WeChat…

Pyramid schemes put in the crosshair of WeChat…

After the real-name registration required by WeChat Pay earlier this year, the app has recently denied 3,000 third-party WeChat stores access to WeChat Pay. The aim is to stifle the development of pyramid schemes among…

China launches a missing child alert with the…

China's Ministry of Public Security launched an emergency response system to help find missing children on Sunday. The initiative involves the help of Chinese e-commerce giant Alibaba for technology support and Sina Weibo for posting…