China: WeChat is removed from stores, undergo special modification
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Hang Seng tech shares added to their weekly loss following reports that regulators had ordered the suspension of new users for WeChat, one of the most popular apps in China. According to Bloomberg, WeChat, which already has more than 1 billion users, won't be allowed to register new users while it undergoes a "security technical upgrade" in accordance with relevant laws and regulations according to a statement released by Tencent.
Big things are going in China.
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