WeChat suspends new user registration for security compliance
"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.