Weixin is a daily necessity for hundreds of millions of people in China, who use the app to message friends, share photos, hail rides, pay for stuff, book restaurants, order food and a host of other services. Together, Weixin and WeChat, used by the Chinese diaspora including in the United States, have around 1.2 billion monthly active users.
It was not immediately clear which laws WeChat was referring to in its announcement, but the development comes amid a widening crackdown on technology and now education companiesby Chinese regulators that has spooked investors. Tencent's stock in Hong Kong closed down nearly 9% on Tuesday, its worst day in a decade.
