Tencent applications will be examined by Chinese authorities

This is an additional measure imposed by Beijing in the technology sector. Chinese authorities are now requiring internet giant Tencent to submit any new mobile apps or updates for a pre-launch inspection, state media said, amid stricter regulations targeting the digital sector. The new control imposed by the authorities, however, did not seem to worry the markets: the group’s action ended on Thursday, November 25, with a rise of more than 1% on the Hong Kong Stock Exchange.

The move, announced on Wednesday, comes at a time when Beijing is increasing pressure on digital giants to rethink a dynamic sector of the economy, which has long been freed from various regulatory constraints. Tech giants have taken turns in recent months for crimes related to competition and personal data. According to public television CCTV, Tencent has been the subject of nine crimes since the beginning of the year, the nature of which has not been specified.

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As a result, the Ministry of Industry and Information Technology (MIIT) has taken “administrative action” against Tencent, including requiring that any new application or update be submitted for inspection, CCTV reported Wednesday. Tencent told AFP that it will meet the requirements.

Already affected by other Beijing restrictions

The measure classified as “temporary” has no consequences for the users of the group’s applications, which continue to function normally for the time being.

Tencent owns in particular the popular WeChat application (messaging, online payment, social network), which almost all smartphone owners have on their devices in China. Tencent, which is also a major player in video games around the world, was hit hard this summer by restrictions in China in this area.

To fight addiction among young people, the authorities have imposed a restriction of online video games to 3 hours a week for those under 18 years of age. Video games represent a significant financial gain in China for the digital giants. An influential government newspaper had judged video games to have become “a mental opium”, while some Chinese children can spend entire days glued to their screens. The article specifically pinned Tencent.

Also read – Chinese Tencent doubles its stake in Universal Music, owned by Vivendi

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