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    700   KYG875721634

TENCENT HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  04:08 2022-10-06 am EDT
277.80 HKD   -0.43%
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Hacker offers to sell data of 48.5 mln users of Shanghai's COVID app

08/12/2022 | 06:47am EDT

BEIJING, Aug 12 (Reuters) - A hacker claims to have obtained the personal information of 48.5 million users of a COVID health mobile app run by the city of Shanghai, the second claim of a breach of the Chinese financial hub's data in just over a month.

The hacker with the username as "XJP" posted an offer to sell the data for $4,000 on the hacker forum Breach Forums on Wednesday.

The person provided a sample of the data including the phone numbers, names and Chinese identification numbers and health code status of 47 people.

Eleven of the 47 reached by Reuters confirmed they were listed in the sample, though two said their identification numbers were wrong. Reuters was unable to further verify the authenticity of the hacker's claim.

The true size and nature of these kinds of data hacks is sometimes overstated by the seller in an attempt to make a quick profit.

"This DB (database) contains everyone who lives in or visited Shanghai since Suishenma's adoption," XJP said in the post, which originally asked for $4,850 before lowering the price later the same day.

Suishenma is the Chinese name for Shanghai's health code system, which the city of 25 million people established in early 2020 to combat the spread of COVID-19. All residents and visitors have to use it.

The app collects travel data to give users a red, yellow or green rating indicating the likelihood of having the virus. The code has to be shown to enter public venues.

The data is managed by the city government and users can access Suishenma either by downloading the app or opening it using the Alipay app, owned by fintech giant and Alibaba affiliate Ant Group, and Tencent Holdings' WeChat app.

The Shanghai government, Ant and Tencent did not immediately respond to requests for comment. XJP declined to comment when reached on Breach Forums.

"I'm not ready to answer questions yet as I have a lot more to drop," XJP said.

The purported Suishenma breach comes after a hacker last month claimed to have procured 23 terabytes of personal information belonging to one billion Chinese citizens from the Shanghai police.

That hacker also offered to sell the data on Breach Forums.

The first hacker was able to steal data from the police as a dashboard for managing a police database had been left open on the public internet without password protection for more than a year, the Wall Street Journal reported, citing cyber security researchers.

The newspaper said data was hosted on Alibaba's cloud platform and Shanghai authorities had summoned company executives over the matter.

Neither the Shanghai government, nor police nor Alibaba have commented on the police database matter.

Chinese regulatory bodies have in the past two years announced a barrage of new rules strengthening oversight over the private sector's management of user data, after years of complaints by residents of how their personal data could be easily stolen or sold.

A screenshot of XJP's offer on Breach Forums went viral on Chinese social media on Friday, prompting several Weibo users to weigh in on this latest leak and its broader implications, as well as question what sort of action would be taken.

"Data leaks in China are really no longer uncommon news," said one. (Reporting by Eduardo Baptista and the Shanghai newsroom; Writing by Brenda Goh; Editing by Robert Birsel, Mike Harrison and Mark Potter)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.08% 84.32 Delayed Quote.-28.96%
TENCENT HOLDINGS LIMITED -0.43% 277.8 Delayed Quote.-38.92%
WEIBO CORPORATION -3.72% 16.8 Delayed Quote.-43.67%
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Financials
Sales 2022 568 B 79 793 M 79 793 M
Net income 2022 101 B 14 174 M 14 174 M
Net cash 2022 76 897 M 10 809 M 10 809 M
P/E ratio 2022 23,7x
Yield 2022 0,40%
Capitalization 2 372 B 333 B 333 B
EV / Sales 2022 4,04x
EV / Sales 2023 3,41x
Nbr of Employees 110 715
Free-Float 63,2%
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Number of Analysts 55
Last Close Price 251,76 CNY
Average target price 382,05 CNY
Spread / Average Target 51,8%
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Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau Chief Strategy & Investment Officer
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
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