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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
Trump Widens China Tech Attack, Banning Tencent's WeChat, TikTok
Photographer: Ivan Abreu/Bloomberg

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.