Tencent suspends WeChat user registrations amid tech fears

WeChat, which already has more than one billion users, is undergoing a “security technical upgrade” in accordance with relevant laws and regulations, Tencent said in an online statement. — AFP

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 one 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.