Affected by this news, today’s Hong Kong stock market, Tencent’s share price suddenly plunged, once fell more than 3%, and finally closed down 1.87% to close at 472.2 Hong Kong dollars. What happened to Tencent?
1. Why is the update of all Tencent apps temporarily suspended?
In this regard, Tencent stated that we are continuing to upgrade APP’s various measures to protect users’ rights and interests, and cooperate with regulatory authorities to conduct normal compliance inspections. During this period, users can download and use the existing version of the APP as normal.
According to CCTV News, the Ministry of Industry and Information Technology has learned that since the beginning of this year, in the special rectification of App infringements on user rights carried out by the Ministry of Industry and Information Technology, 9 products of Tencent have violated regulations, and a total of 4 batches have been publicly notified, which violated the information and communication industry in 2021. Wind-correction-related requirements.
In accordance with the relevant deployment, the Ministry of Industry and Information Technology has adopted transitional administrative guidance measures for Tencent. The main requirement is that for new APP products to be released and updated versions of existing APP products, they must undergo technical inspections organized by the Ministry of Industry and Information Technology before they are put on the shelves. Put on the shelf.
2. How many apps of Tencent are involved? User influence geometry?
The administrative guidance measures of the Ministry of Industry and Information Technology will involve more than 171 apps under Tencent, affecting 1.2 billion users.
According to Aurora data statistics, currently, Tencent has 171 independent application-side APPs (not including ecological data such as web pages, mini programs, and quick apps). Among them, WeChat, QQ, Tencent Video, QQ Browser, AppBall, Tencent News and other application end market penetration rates are among the best in the industry.
According to Tencent’s third-quarter financial report, the number of combined monthly active accounts of WeChat and WeChat reached 1.262 billion, a year-on-year increase of 4.1%; the number of mobile monthly active accounts of QQ was 573 million, a year-on-year decrease of 7.1%.
After testing by Phoenix.com, it was found that the current Tencent APP downloads in the official and various app stores are all normal, and there is no delisting situation, and the user’s use is not affected.
What is the impact on Tencent?
Market sentiment has been affected by rumors, and Tencent’s stock price suffered late trading. After the news of the suspension of updates for all Tencent’s apps, Tencent’s share price suddenly plunged late today in Hong Kong stocks, falling more than 3% at one time, and finally closed down 1.87% to close at 472.2 Hong Kong dollars, with a total market value of 4.53 trillion Hong Kong dollars.
According to statistics, the Southward Fund has sold Tencent more than 10 billion Hong Kong dollars in net sales for ten consecutive days.
Will other manufacturers’ apps also face stricter supervision?
This time, the review of APP update is not only for Tencent. There are also market news today that according to the new regulations of the Ministry of Industry and Information Technology, from November 24 to December 31, all apps (including version changes) must be reviewed by the Ministry of Industry and Information Technology before they are released. It is expected that a review will take 7 days.
Since the “Personal Information Protection Law” came into effect on November 1, the regulatory authorities have increased the compliance supervision of user data of various companies. On November 5, the Ministry of Industry and Information Technology issued the “Notice on Carrying out Information and Communication Service Perception Improvement Actions” and decided to launch an information and communication service perception enhancement action (“Operation 524”) from November 2021 to March 2022, focusing on APP infringement Special rectification of user rights, optimization of corporate personal information processing rules and optimization of open-screen pop-up information display methods, etc.