Nearly two years ago, the Xi Jinping government in China started a purge operation against the tech sector of the country. Big names and companies such as Jack Ma, Alibaba and Tencent felt the heat before falling in line and accepting CCP's mandate.

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In further signs of easing a crackdown on the technology sector, Chinese Vice-Premier Liu He on Wednesday (May 18) said the country's Communist Party supports the development of the sector.

Chinese Vice-Premier Liu He says Communist Party supports development of tech sector

Popular Chinese messaging app WeChat has suspended several accounts linked to non-fungible tokens (NFTs) as per state media CCTV. The step has been taken for the prevention of speculation in the digital assets amid rising crackdown on domestic technology companies by China's ruling Communist Party.

Popular Chinese messaging app WeChat suspends several accounts linked to non-fungible tokens