Xi jinping wants everything under his control. Not just south china sea

[syed putra]

China sues Tencent over WeChat Youth Mode​

Published16 hours ago
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image captionTencent says it is investigating claims made by Chinese authorities
Beijing prosecutors have filed a civil legal action against Tencent over claims its messaging-app WeChat's Youth Mode does not comply with laws protecting minors.
Youth Mode prevents younger users from accessing payments, playing certain games and finding nearby friends.
However, prosecutors have not specified exactly how the app is allegedly violating Chinese law.
Tencent said it would "investigate" the claim.
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"We will earnestly inspect and check the functions of WeChat Youth Mode, accept user suggestions humbly and sincerely respond to civil public-interest litigation," the company posted on Weibo.
WeChat, known as Weixin in China, has about 1.26 billion monthly active users.

 

[syed putra]

EXCLUSIVE Didi in talks with state-backed Westone to hand over data control-sources​

Julie Zhu

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6 minute read

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The app logo of Chinese ride-hailing giant Didi is seen reflected on its navigation map displayed on a mobile phone in this illustration picture taken July 1, 2021. REUTERS/Florence Lo/Illustration/File Photo

HONG KONG, Aug 6 (Reuters) - Chinese ride-hailing firm Didi Global Inc (DIDI.N) is in talks with state-owned information security firm Westone (002268.SZ) to handle its data management and monitoring activities, sources said, as part of its efforts to placate domestic regulators.
The largest Chinese ride-hailing group became the target of an investigation by regulators in the country just days after it raised $4.4 billion in an initial public offering in the United States.
The powerful Cyberspace Administration of China (CAC) last month launched a data-related cybersecurity investigation into Didi, citing a need to protect national security and the public interest. read more
Didi is in discussions with Westone Information Industry Inc, which would be the main third-party company to manage its massive data stored domestically as per domestic regulators' guidance, said two people with knowledge of the matter.

 

[syed putra]

China Bank Wants Digital Yuan To Dominate Alipay And WeChat Pay​

ByPYMNTSListen to Article
Posted on July 26, 2021

https://www.pymnts.com/news/payment...ital-yuan-to-dominate-alipay-and-wechat-pay/#
https://www.pymnts.com/news/payment...ital-yuan-to-dominate-alipay-and-wechat-pay/#
https://www.pymnts.com/news/payment...ital-yuan-to-dominate-alipay-and-wechat-pay/#
https://www.pymnts.com/news/payment...ital-yuan-to-dominate-alipay-and-wechat-pay/#

The People’s Bank of China wants Ant Group and Tencent Holdings Ltd., which operate payment networks Alipay and WeChat Pay, respectively, to help it develop digital yuan, The Wall Street Journal reported, even as the state-backed digital currency could diminish their viability — or wipe them out completely.
Most of the 1.4 billion people in China use either Alipay or WeChat Pay to make mobile payments, but the digital yuan payment method could trump both once it’s officially rolled out, a plan that’s on the fast track with more than $5 billion in completed transactions through the end of June.
In March, China’s central bank said digital yuan would not replace Alipay and WeChat Pay, but could serve as a backup to the more established services that make up about 98 percent of the country’s mobile payments market.
Almost 25 million personal and corporate digital wallets have used the central bank digital currency in 1.3 million ways on almost 71 million transactions to pay bills, ride public transportation, shop and cater events. China has handed out about $41.5 million in digital yuan via lottery and expects a widescale test during the 2022 Winter Olympics in Beijing in February.
China has become increasingly reliant on digital currency in the last decade or so, with cash looked at as an afterthought in some big cities.
The People’s Bank of China (PBOC) is also looking into using digital yuan for cross-border payments and vows to ensure security and privacy related to the new currency.
The PBOC indicated that it was planning to evaluate an international program with other central banks, “preconditioned on mutual respect to monetary sovereignty and compliance,” Reuters reported.
Further, China’s central bank said it was “willing to participate actively in international exchanges of views on digital fiat currency and discuss standards setting ... in order to jointly advance the development of the international monetary system,” according to the Reuters report.

 

[A Singaporean]

and rightfully so.

 

[syed putra]

This is communism at its worst,