Tencent’s insurance platform WeSure slapped with fine for misleading marketing – Yahoo Singapore News

Chinese regulators have slapped Tencent WeSure Insurance with a 120,000 yuan (US$17,293) fine for running a misleading marketing campaign, amid a surge in online health care coverage in the country because of the coronavirus pandemic.

Tencent Holdings, tried to boost demand for its insurance products by claiming that only a limited number would be available to consumers, according to a notice posted online by the China Banking and Insurance Regulatory Commission’s Shenzhen office on Monday.” data-reactid=”13″>WeSure, the online insurance subsidiary of internet giant Tencent Holdings, tried to boost demand for its insurance products by claiming that only a limited number would be available to consumers, according to a notice posted online by the China Banking and Insurance Regulatory Commission’s Shenzhen office on Monday.

It said WeSure had
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