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Home Decentralized Finance

China Regulators Slap WeChat With Lawsuit

by thecvamx
in Decentralized Finance
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Shenzhen-headquartered Tencent is being slapped with a lawsuit over its WeChat subsidiary and regulations concerning minors, Reuters reported on Friday (Aug. 6).

The WeChat app’s “youth mode” apparently is not in line with Chinese laws that aim to protect minors. It’s not exactly known how the app violated the law, but the suit was nonetheless filed by Beijing’s Haidian District People’s Procuratorate.

See also: Chinese State Media Prompts Tencent To Impose Gaming Restrictions 

The news first came to light following a story posted on JCRB.com, a website run by China’s leading prosecutor, per Reuters.

WeChat’s alternate mode for young people is supposed to limit game exposure, as well as other functions such as payments and the location-based friend finder.

Regulators in the country have said they are striving to better protect minors online, a sentiment that aligns with state media criticisms over gaming and celebrity culture. 

Read more: China’s WeChat Turns Away New Users While Meeting Mandated Upgrades

Earlier this week, Tencent curtailed the amount of time youth could spend online playing its flagship game “Honor of Kings.” The game was called out in the press as being a “spiritual opium.”

Related news: Chinese State Media Prompts Tencent to Impose Gaming Restrictions

China is in the midst of hitting Tencent with a fine as regulators in the country continue cracking down on technology companies for violating antitrust laws and other concerns. The penalty is anticipated to be lower than than the historic $2.75 billion fine imposed on Alibaba.

Bloomberg reported on Thursday (Aug. 5) that Tencent resumed signing up new users for its WeChat messaging app following a suspension over technical upgrades. WeChat has in excess of one billion users.

——————————

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About: Healthcare firms are losing 12 percent of their annual revenues to fraud, waste and abuse (FWA), yet few utilize artificial intelligence (AI) to address these issues due to cost concerns. In AI In Focus: Targeting Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to learn how AI could actually help firms unlock savings by curbing costly false claims and false positives.

Shenzhen-headquartered Tencent is being slapped with a lawsuit over its WeChat subsidiary and rules regarding minors, Reuters reported on Friday (Aug. 6).

The WeChat app’s “youth mode” apparently shouldn’t be in keeping with Chinese language legal guidelines that intention to guard minors. It’s not precisely identified how the app violated the regulation, however the go well with was nonetheless filed by Beijing’s Haidian District Individuals’s Procuratorate.

See additionally: Chinese language State Media Prompts Tencent To Impose Gaming Restrictions 

The information first got here to gentle following a narrative posted on JCRB.com, an internet site run by China’s main prosecutor, per Reuters.

WeChat’s alternate mode for younger folks is meant to restrict recreation publicity, in addition to different capabilities reminiscent of funds and the location-based good friend finder.

Regulators within the nation have mentioned they’re striving to higher shield minors on-line, a sentiment that aligns with state media criticisms over gaming and superstar tradition. 

Learn extra: China’s WeChat Turns Away New Customers Whereas Assembly Mandated Upgrades

Earlier this week, Tencent curtailed the period of time youth may spend on-line taking part in its flagship recreation “Honor of Kings.” The sport was referred to as out within the press as being a “non secular opium.”

Associated information: Chinese language State Media Prompts Tencent to Impose Gaming Restrictions

China is within the midst of hitting Tencent with a advantageous as regulators within the nation proceed cracking down on know-how firms for violating antitrust legal guidelines and different issues. The penalty is anticipated to be decrease than than the historic $2.75 billion advantageous imposed on Alibaba.

Bloomberg reported on Thursday (Aug. 5) that Tencent resumed signing up new customers for its WeChat messaging app following a suspension over technical upgrades. WeChat has in extra of 1 billion customers.

——————————

PYMNTS DATA: 100 HEALTHCARE EXECS SPEAK OUT ON USING AI TO CURB FRAUD, WASTE AND ABUSE

About: Healthcare companies are dropping 12 p.c of their annual revenues to fraud, waste and abuse (FWA), but few make the most of synthetic intelligence (AI) to handle these points as a result of price issues. In AI In Focus: Focusing on Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to learn the way AI may truly assist companies unlock financial savings by curbing pricey false claims and false positives.

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