Exterior view of Tencent’s headquarters in Shenzhen, China. Photo: Shutterstock
Exterior view of Tencent’s headquarters in Shenzhen, China. Photo: Shutterstock
NFTs

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
Exterior view of Tencent’s headquarters in Shenzhen, China. Photo: Shutterstock
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