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Tencent News shut down NFT platform to comply with government policy

July 14, 2022

Tencent news, Tencents media product, has terminated operation of nonfungible token (NFT) platforms in an effort to avoid regulatory scrutiny of the businesses.

Wang Shimu Tencent Wechat Ant Group Tencent Holdings Tencent Platform Content Group China Banking Association

Source: pingwest.com

China's tech giants are having FOMO on NFTs – TechCrunch

May 4, 2022

In mid-April, a group of industry associations in China issued a warning against the potential financial risks of non-fungible tokens, digital assets that represent real-world objects or intangible goods like a song. NFTs must not be traded with cryptocurrencies, said the country’s banking, internet finance, and securities associations, and they must not be used to […]

Curtis Roach Cai Wensheng Ant Group Chinese Buddhist Magic Core Zhixin Chain

Source: techcrunch.com

China crypto crackdown: Tencent freezes WeChat NFT accounts

April 1, 2022

This week, Tencent froze a dozen WeChat accounts linked to NFTs on the grounds that they encouraged speculative risk.

South China Morning Post China Cyberspace Administration Cyberspace Administration Magic Core

Source: fastcompany.com

China Tech Digest: Tencent Invests In NFT Startup Immutable; China's First Metaverse Digital Human Accelerator Launched – China Money Network

March 11, 2022

Tencent invests in NFT startup Immutable Immutable, an Australian NFT (non-fungible token) startup, recently completed a new round of financing of US$200 ... Alibaba, Beijing, Metaverse, Sequoia, Sequoia Capital China, startup, Tencent, Tencent Music

Dark Horse Western Australia Tencent Holdings China Industrial Internet Research Institute Academy Of Blockchain Mirae Asset

Source: chinamoneynetwork.com