Tencent, which operates China's most popular messaging app WeChat, has cracked down on users of the platform who have been found spreading fake investment rumours. The company said it had suspended more than 100 accounts and deleted about 10,000 posts since last week. Some of those responsible have pretended to be legitimate investment advisers and charged fees, while faking documents to convince their victims to make investments.
Tencent, which operates China's most popular messaging app WeChat, has cracked down on users of the platform who have been found spreading fake investment rumours. According to the company, it has blocked 8,000 groups and 4,000 personal accounts in the first half of this year for breaching its regulations by using false identities to spread the stock tips. Some of those responsible have pretended to be legitimate investment advisers and charged fees, while faking documents to convince their victims to make investments.