Malaysia grants WeChat, TikTok licences to operate under new law

The law, which is designed to address the growing issue of cybercrime, requires social media platforms and messaging services in Malaysia with more than 8 million users, to obtain a licence or face legal action. Telegram is in the final stages of obtaining its licence, while Meta Platforms has begun the licensing process. X didn't apply, claiming its local user base didn't meet the 8 million threshold.

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. ET Year-end Special Reads Why these three sectors look promising for investors in 2025 18 top stock picks for 2025 from 6 leading brokers Buying a home in 2025? Here's how property market can shape up 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 January 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, 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. 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Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 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 The companies do not publish the number of users per country on their platforms.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.