WeChat suspends new user registration for security compliance

Post by justicezyx » Tue, Jul 27, 2021, 5:14 PM UTC

sudosysgen wrote: post #21

mc32 wrote: post #16

Earlier quoted context omitted.

Naively, it looks like the CCP sees the influence and heft US tech exercises on the US population and world at large. The CCP will forgo economic might (in this sector) for social stability and control every time. They do not want these titans to have more power or influence than they have so they rein them in and let them know who holds the straps.

I don't think this is so naive. Jack Ma, for example, disappeared last year shortly after a speech where he called the finance regulators incompetent and tried to use his fortune to bypass them. What probably scared the Chinese government is that he got close to getting away with it. If I recall correctly, that was the flash point for the Chinese Big Tech crackdown.

Post by kevin_thibedeau » Tue, Jul 27, 2021, 5:22 PM UTC

mc32 wrote: post #16

throwaway4good wrote: post #2

"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.

Naively, it looks like the CCP sees the influence and heft US tech exercises on the US population and world at large. The CCP will forgo economic might (in this sector) for social stability and control every time. They do not want these titans to have more power or influence than they have so they rein them in and let them know who holds the straps.

Post by miohtama » Tue, Jul 27, 2021, 5:32 PM UTC

mc32 wrote: post #16

throwaway4good wrote: post #2

"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.

Naively, it looks like the CCP sees the influence and heft US tech exercises on the US population and world at large. The CCP will forgo economic might (in this sector) for social stability and control every time. They do not want these titans to have more power or influence than they have so they rein them in and let them know who holds the straps.

Post by JMTQp8lwXL » Tue, Jul 27, 2021, 5:48 PM UTC

georgeecollins wrote: post #44

vehemenz wrote: post #23

Earlier quoted context omitted.

The problem is that the CCP has nothing to replace this cultural vacuum with. They want to legislate a return to "old" (post 1949) values by banning foreign tutors, suppressing dissent on WeChat and Weibo, and doing generally authoritarian shit to encourage nationalism. Meanwhile, young, educated people almost exclusively consume the cultural products of the West, Korea, and Japan. And they find the North Korean styl…

>> The problem is that the CCP has nothing to replace this cultural vacuum with. I am no expert, but I disagree and I think this is the kind of thinking that has failed the west for the last thirty years. I think the idea started with the fall of the Soviet Union. That culture and ideology was bankrupt. So a lot of western people thought that when there was a free exchange of ideas with China, the Chinese would event…

Post by infofarmer » Tue, Jul 27, 2021, 5:55 PM UTC

websites2023 wrote: post #46

How many native Chinese don’t have WeChat already? WeChat has 1.2B users. China has 1.4B people. I suspect the rest are too old or too young. Basically, it’s impossible to operate in a city without it.