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It rescues edible surplus food from street markets, supermarkets and other sectors of the food industry that would otherwise be disposed of as waste. Every 10 charity stamps will go toward the preparation of a hot meal worth HK$12.Ī beneficiary of the "Stamps for Food" activity, Food Angel was established in 2011. WeChat Pay HK will convert all charity stamps donated by users into corresponding amount of monetary donations each month, and the Tencent Charity Foundation (“Tencent Foundation”) will donate the corresponding funds to Food Angel. Over a six-month period from July 1 to December 31 this year, any WeChat Pay HK user can get a charity stamp that they can donate after completing their first purchase of the day via WeChat Pay HK, regardless of whether any consumption voucher was used for payment. While promoting economic recovery through consumption, the activity would reduce food waste, protect the environment, and provide food to more people in need.Īlthough the government consumption vouchers cannot be used for charitable donations, WeChat Pay HK has designed an innovative charity stamp for the enthusiastic charitable contributions of local residents. Users of WeChat Pay HK can donate a charity stamp after completing a purchase to support Food Angel in food rescue and the preparation of hot meals for those in need in the city. In response to the Consumption Voucher Scheme of the Hong Kong Special Administrative Region Government, WeChat Pay HK and Tencent Charity are jointly launching a charity activity, "Stamps for Food", in Hong Kong. Some analysts believe that the Chinese government is concerned about the growing influence of tech firms in the country and also the privacy of its citizens’ data.Hong Kong residents are encouraged to donate charity stamps and support Food Angel to provide meals to people in need President Joe Biden revoked and replaced those actions last month.) Donald Trump had signed an order to ban transactions with TikTok and WeChat in the U.S. (In other markets, it’s a different story. In addition to offering a messaging service, Weixin also allows users to make online payments and access a range of financial services. This is the first time WeChat, which operates as a super app in China, has had to take a step of this kind in more than a decade. The crackdown has wiped billions of dollars in market cap for Chinese firms in recent weeks and many high-profile global investors including SoftBank are impacted by it.
It’s not immediately clear which law WeChat is citing in its announcement but the move comes amid a broad crackdown on tech firms by Chinese regulators.
#Profile tencent china 900b wechat 259bstreetjournal upgrade#
“Registration services will be restored after the upgrade is complete, which is expected in early August,” said WeChat, which has amassed over 1.2 billion monthly active users in China as of earlier this year. In a social media post, Tencent said it is “upgrading” its security technology to align with all relevant laws and regulations and while this process in underway “registration of new Weixin (WeChat’s Chinese app) personal and official accounts has been temporarily suspended.”
#Profile tencent china 900b wechat 259bstreetjournal registration#
Tencent’s WeChat said on Tuesday it is temporarily suspending registration of new users in China as it works to comply with “relevant laws and regulations,” the latest Chinese firm to face regulatory scrutiny in the world’s largest internet market.