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Chinese GDP Set To Plunge As Government Shuts 20 Million WeChat Prostitution Accounts

Tyler Durden's picture




 

WeChat, the popular instant messaging service in China, has been the subject of a 3-month crackdown on cyber-crime by police in the Guangdong Province where Tencent (WeChat's parent) is based. Having created a CNY 10 million fund for whistleblowers, the company reports:

  • *WECHAT SHUTS 20M PROSTITUTION-RELATED ACCOUNTS: XINHUA

WeChat has over 600 million active users (so there's stillplenty of pr0n we suspect), but we wonder just how much carnage this will do the now hookers-and-blow dominated GDP calculations of the world's major economies.

As Xinhua reports,

Tencent, the operator of WeChat, or Weixin, a popular instant messaging service in China, said Wednesday it has shut down 20 million prostitution-related WeChat accounts so far this year.

 

A three-month-long crackdown on cyber crime was initiated in February by police in south China's Guangdong Province, where Tencent is headquartered. The crackdown targeted online pornography and the spread of viruses on the Internet.

 

Tencent also closed 30,000 accounts that were selling fake goods on WeChat. Ten million illegal and fake advertisements have been pulled off on a daily basis over the past few months, the statement added.

 

In support of the campaign, Tencent set up a fund of 10 million yuan (1.6 million U.S. dollars) to encourage the public to report such crimes. So far, 250,000 yuan has been handed out, according to the statement.

 

WeChat now has over 600 million users, according to Tencent.

Brings a whole new meaning to the term crackdown...

 

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Wed, 06/11/2014 - 14:03 | 4845494 youngman
youngman's picture

so few women there too...so the ones that put out are a National treasure..sad

Wed, 06/11/2014 - 14:05 | 4845515 Killer the Buzzard
Killer the Buzzard's picture

Me love you long time!!

Wed, 06/11/2014 - 14:07 | 4845523 gh0atrider
gh0atrider's picture

gh0atrider give you much better service than Buzzard!

14Ywo4nb8tnGRjhrsXWa3GgoFieeQr2cHT

Wed, 06/11/2014 - 14:32 | 4845626 DeadFred
DeadFred's picture

Looks like they will be joining the US trend for declining employment in that 16-25 yo age bracket,

Wed, 06/11/2014 - 14:43 | 4845663 Divided States ...
Divided States of America's picture

LOL...I do know some of my asian friends pick up girls through that app...Wechat is just the abbreviation for W-hor-eChat.

Wed, 06/11/2014 - 16:25 | 4846006 Boris Alatovkrap
Boris Alatovkrap's picture

Yuan si sam ting? Mi wan yu mo ni. Ren min bi, no meiguo pei pa.

Wed, 06/11/2014 - 17:10 | 4846192 TheFourthStooge-ing
TheFourthStooge-ing's picture

Most analysts at the firm Pu Tangguan are now bearish Jissbon, although Ho Kipohki expects a turnaround.

Thu, 06/12/2014 - 10:59 | 4848435 strangewalk
strangewalk's picture

But in China every barber shop, KTV or massage parlor, night club, bar, 95% of the hotels, all alleyways, half the streets and now even MacDonald's and KFC are outlets--total market penetration.  

Thu, 06/12/2014 - 11:21 | 4848563 strangewalk
strangewalk's picture

Confucius say: woman who use internet have hard drive

Wed, 06/11/2014 - 14:05 | 4845518 gh0atrider
gh0atrider's picture

Cybercrime and Bitcoin is what it's all about.

Wed, 06/11/2014 - 14:08 | 4845526 SoilMyselfRotten
SoilMyselfRotten's picture

Damn, that's a lot of Ho's

Wed, 06/11/2014 - 14:12 | 4845549 Miles Ahead
Miles Ahead's picture

Dayam, that's a lotta hoes. 

Fixed it.

Wed, 06/11/2014 - 14:56 | 4845710 SoilMyselfRotten
SoilMyselfRotten's picture

Chinese names don't end with an 'e', so didn't need fixin

Wed, 06/11/2014 - 14:15 | 4845555 Canadian Dirtlump
Canadian Dirtlump's picture

Get it on, Bang Guangdong, get it on.

 

Are most of the hos there actually chinese or imports?

Wed, 06/11/2014 - 15:01 | 4845725 Headbanger
Headbanger's picture

Yeah some old T Rex:

https://www.youtube.com/watch?v=TAtBrsdfnhs

 

Should be "Bang a Kong" for this thread.

Wed, 06/11/2014 - 14:02 | 4845495 LawsofPhysics
LawsofPhysics's picture

Well, that certainly isn't going to improve their GDP.

Wed, 06/11/2014 - 14:12 | 4845548 Stoploss
Stoploss's picture

Maybe ZH will do a post on it.

 

 

 

 

 

 

Wut?

Wed, 06/11/2014 - 14:22 | 4845586 LawsofPhysics
LawsofPhysics's picture

Ya think?  The black market economy is exploding, glad I went long black markets, corruption and sharecropping...

Wed, 06/11/2014 - 14:03 | 4845496 Relentless101
Relentless101's picture

Fukme...

Wed, 06/11/2014 - 14:07 | 4845524 pods
pods's picture

Opening soon:  20 million massage related accounts.

Where there is a will, there is a way.  

pods

Wed, 06/11/2014 - 14:07 | 4845525 JRobby
JRobby's picture

Will UJerk be staying open?

Wed, 06/11/2014 - 14:07 | 4845527 Dr. Engali
Dr. Engali's picture

Why is that the prostitutes always have to take it on the chin?

Wed, 06/11/2014 - 14:10 | 4845540 goldhedge
goldhedge's picture

Either that or swallow?

 

Wed, 06/11/2014 - 15:31 | 4845838 ParkAveFlasher
ParkAveFlasher's picture

Yeah really.  They get the shaft, big time. 

Wed, 06/11/2014 - 16:27 | 4846012 zipit
zipit's picture

They don't know about the "clown face" over there?

Wed, 06/11/2014 - 14:10 | 4845537 hobopants
hobopants's picture

Ya...something tells me they will find a "work around" to that problem. Working gals gotta work and all.

Wed, 06/11/2014 - 14:11 | 4845545 Tinky
Tinky's picture

WeNotHappy

Wed, 06/11/2014 - 14:18 | 4845571 JustObserving
JustObserving's picture

Chinese politicians do not like honest competition?

Wed, 06/11/2014 - 14:21 | 4845579 adr
adr's picture

600 million users! Facebook better snap them up for $100 billion before Google does.

 

Wed, 06/11/2014 - 14:29 | 4845614 OMG
OMG's picture

Sum ting wong

wee to lo to

bang de ho

wit de cumunist ye kno

Wed, 06/11/2014 - 14:31 | 4845618 buzzsaw99
buzzsaw99's picture

Bang Dae Ho

Wed, 06/11/2014 - 14:35 | 4845633 stant
stant's picture

I gave up waiting so i will have to ,here it comes. Ho li fuk

Wed, 06/11/2014 - 14:42 | 4845662 Bemused Observer
Bemused Observer's picture

I've got the feeling that there will be no "happy ending" to all this...

Wed, 06/11/2014 - 15:00 | 4845722 youngman
youngman's picture

First they lost all of their copper...now they lost all of their hos....it tough to be Chinese today

Wed, 06/11/2014 - 15:31 | 4845834 the not so migh...
the not so mighty maximiza's picture

without sex men get grumpy and go to war

Wed, 06/11/2014 - 17:45 | 4846301 malek
malek's picture

women too but they call it "divorce"

Wed, 06/11/2014 - 15:34 | 4845845 Jano
Jano's picture

All the time bad weather in China this year.

Wed, 06/11/2014 - 15:57 | 4845920 Itchy and Scratchy
Itchy and Scratchy's picture

All 20m looked the same to me.

Wed, 06/11/2014 - 16:51 | 4846092 Bunga Bunga
Bunga Bunga's picture

So who are going to fuck young Chinese men now? Looks like government shot itself in the foot.

Wed, 06/11/2014 - 17:22 | 4846237 NuYawkFrankie
NuYawkFrankie's picture

Confucius say:

 

Phone-sex chatters - filled with dejection,

Never again to have erection.

Wed, 06/11/2014 - 17:37 | 4846271 NuYawkFrankie
NuYawkFrankie's picture

AP Breaking.... In a bold bid to foil Govt. crack-down,

WeChat in name-change to YouSplat...

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