Exterior view of Tencent’s headquarters in Shenzhen, China. Photo: Shutterstock
Tencent, Alibaba tighten platform rules on digital collectibles as NFTs remain a grey area in China
- Buyers who use specialised software to snatch up NFTs during sales, or those who engage in money laundering and fraudulent activities, will be reported to authorities
- Tencent’s super app WeChat has over the past few weeks banned several mini programs offering digital collectibles
Exterior view of Tencent’s headquarters in Shenzhen, China. Photo: Shutterstock