Tencent Apps Criticized by China’s Internet Regulator

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXNPED4H22G_M.jpg
© Reuters. © Reuters.

Investing.com – 41 apps including Tencent’s messaging app were criticized by China on Thursday for forcing their users to hand over personal data, Reuters reported citing a statement from the Industry and Information Technology Ministry

The move is part of Beijing’s “rectification” efforts to crack down on mobile app privacy violations. QQ, Tencent’s messaging app, violated regulations on data collection by requiring their users to hand over a “broad range of data,” the ministry said, noting that the app also make it harder than necessary for users to deactivate their accounts.

According to data cited by Reuters, QQ currently has 653.4 million monthly active users.

The 41 apps targeted in the crackdown were asked to make changes by the end of the month, the report said. So far, over 100 companies were ordered to make changes by the ministry.

Tencent’s shares in Hong Kong fell 1.3% to reach HK$372.60 by 12:50 AM ET (04:50 GMT).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment