Tencent Suspends WeChat User Registrations Amid Tech Fears
- New WeChat sign-ups halted because of technical upgrades
- Tencent stock sank 9% Tuesday, alongside wider tech rout
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Tencent Holdings Ltd. said it was suspending new user registrations for its WeChat services, adding to uncertainty for the technology sector that’s in the midst of a two-day selloff.
WeChat, which already has more than 1 billion users, is undergoing a “security technical upgrade” in accordance with relevant laws and regulations, Tencent said in an online statement. It expects to resume new individual user registrations around early August.