financetom
Business
financetom
/
Business
/
Malaysia grants WeChat, TikTok licences to operate under new law
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Malaysia grants WeChat, TikTok licences to operate under new law
Jan 1, 2025 9:05 PM

KUALA LUMPUR, Jan 2 - Malaysia's communications

regulator said it granted Tencent's WeChat and ByteDance's

TikTok licences to operate in the country under a new social

media law, but that some other platforms had not applied.

The law, aimed at tackling rising cybercrime, requires

social media platforms and messaging services with more than 8

million users in Malaysia to obtain a licence or face legal

action. It came into effect on Jan. 1.

In a statement on Wednesday, the Malaysian Communications

and Multimedia Commission said messaging platform Telegram was

in the final stages of obtaining its licence, while Meta

Platforms ( META ), which owns Facebook, Instagram and WhatsApp,

had begun the licensing process.

The regulator said X had not submitted an application

because the platform said its local user base did not reach the

8 million threshold. The regulator said it was reviewing the

validity of X's claim.

Alphabet's Google, which operates video platform YouTube,

had also not applied for a licence after raising concerns about

the video sharing features of YouTube and its classification

under the licensing law, the regulator said. It did not state

the concerns or how they relate to the law but said YouTube must

adhere.

"Platform providers found to be in violation of licensing

requirements may be subject to investigation and regulatory

actions," the regulator said.

Malaysia reported a sharp increase in harmful social media

content in early 2024 and urged social media firms, including

Meta and short video platform TikTok, to step up monitoring of

their platforms.

Malaysian authorities deem online gambling, scams, child

pornography and grooming, cyberbullying and content related to

race, religion and royalty as harmful.

The companies do not publish the number of users per

country on their platforms.

According to independent data provider World Population

Review, WeChat has 12 million users in Malaysia.

Advisory firm Kepios said YouTube had about 24.1 million

users in Malaysia in early 2024, TikTok 28.68 million users aged

18 and above, Facebook 22.35 million users, and X had 5.71

million.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cadrenal Therapeutics Enhances Anticoagulation Pipeline Through Acquisition of eXIthera’s Portfolio of Factor XIa Inhibitors
Cadrenal Therapeutics Enhances Anticoagulation Pipeline Through Acquisition of eXIthera’s Portfolio of Factor XIa Inhibitors
Sep 15, 2025
Acquisition significantly enhances the Company’s pipeline by adding novel assets in acute and chronic anticoagulation settingsCompany is strategically poised to deliver differentiated therapeutics across the spectrum of cardiovascular thrombotic risk PONTE VEDRA, Fla., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Cadrenal Therapeutics, Inc. ( CVKD ) , a biopharmaceutical company developing transformative therapeutics to overcome the gaps in anticoagulation therapy, today...
GreenArrow Expands National Footprint with Acquisition of James D. Hinson Electrical
GreenArrow Expands National Footprint with Acquisition of James D. Hinson Electrical
Sep 15, 2025
JACKSONVILLE, Fla., Sept. 15, 2025 /PRNewswire/ -- GreenArrow is excited to announce its latest strategic partnership with the acquisition of James D. Hinson Electrical Contracting Co. (Hinson). This acquisition strengthens GreenArrow's position as a leading provider of transportation electrical infrastructure services, now serving four major regions of the United States. Based in Jacksonville, Florida, Hinson was founded in 1986 by...
Form 8.3 - Dalata Hotel Group plc
Form 8.3 - Dalata Hotel Group plc
Sep 15, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 IRISH TAKEOVER PANEL OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE 1. KEY INFORMATION (a) Full name of discloser Qube Research & Technologies Limited (b) Owner or controller of interests and short positions disclosed, if...
DiamondLake Withdraws from Unicoin Transaction, Reaffirms Commitment to SEC Compliance and Tokenization Strategy
DiamondLake Withdraws from Unicoin Transaction, Reaffirms Commitment to SEC Compliance and Tokenization Strategy
Sep 15, 2025
SALT LAKE CITY, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Diamond Lake Minerals, Inc. ( DLMI ) based upon our findings during due diligence DiamondLake is withdrawing from the Unicoin transaction and terminating the Memorandum of Understanding. DiamondLake has attempted in good faith to pursue the Share Exchange with Unicoin however it was simply not possible based upon our findings. Thus,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved