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A new report from the University of Toronto's Munk School of Global Affairs describes how China's biggest live streaming apps work to shut down discussion on everything from sex and gambling to political gaffes and government corruption."Here you see, over the past year, an industry and a type of application exploding in popularity and it's offering users in China new and fun ways to express themselves and connect," Masashi Crete-Nishihata, research manager for the school's internet watchdog Citizen Lab, told CBC News.
However, the app's latest venture in Malaysia suggests the company is now planning to target overseas domestic users.Its parent company, Tencent, is one of the most valuable technology companies in the world.We Chat's success has been powered by the platform's mobile payment service, We Chat Pay, which assists with every aspect of a user's life — from shopping for clothes and hailing taxis, to organising hospital appointments and ordering food deliveries.A recent study shows 84 per cent of people in China are willing and able replace cash with mobile payment.
As Chinese President Xi Jinping vows to make China a cyber superpower, Chinese tech companies are extending their ambitions to build a cash-free economy beyond the border.
In late November, We Chat obtained an e-payment license in Malaysia that will allow locals to use Malaysian banks to pay.