Tencent Holdings Ltd.’s WeChat instant message application, which has 396 million monthly active users, has been criticized by state media and had some accounts limited by the government in northwest China.
Naspers Ltd. , whose $32 million bet on Tencent Holdings Ltd. has swelled in value to more than $14 billion, aims to replicate that success by scouring emerging markets where the two companies are jointly the biggest Internet investors.
A Chinese online activist said Tencent Holdings Ltd. shut down his WeChat instant messaging account after he set up a chat group called “Shorting China” to share information on protecting human rights in the country.
The supercommittee’s failure to reach a substantial agreement this week is disappointing but unsurprising. The old model of politics, in which bipartisan agreement was the key to success, simply doesn’t work anymore. In the new model, there is almost no overlap in views across party lines, and government function requires either domination by one party (as was the case for much of President Barack Obama’s first two years in office) or more automatic decision-making (as I have suggested elsewhere).
Facebook Inc.’s Chief Operating Officer Sheryl Sandberg met with the government agency that oversees controls on the Internet in China, where access to the company’s social networking website is blocked.