(Tencent) Tencent Holdings Limited posted revenue of RMB144.19 billion or US$22.62 billion in the fourth quarter of 2021, up 8% from the prior year. The revenue increase in the fourth…
(Cointelegraph) Tech giant Tencent has filed for a patent with the Chinese National Intellectual Property Administration to launch virtual concerts in the metaverse. The patent filing by Tencent comes amid…
Tencent Holdings has reportedly opened talks to buy Chinese gaming phones and accessories maker Black Shark as it makes inroads into the metaverse, according to Bloomberg. The deal aims to…
(Reuters) China’s State Administration for Market Regulation has fined 500,000 yuan or $78,692 on Alibaba Group, Tencent Holdings, and Bilibili Inc. on alleged failure to report several deals. The fine,…
(FT) Shares of JD.com fell more than 7% on Thursday after Tencent said it was divesting $16 billion worth of shares in the e-commerce giant. Tencent’s move reflects moves to…
(FT) Chinese tech firms operating under the so-called variable interest entities are targeted in a new blacklist by Beijing seeking to limit the influence of foreign investors. VIEs have, for…
(Reuters) Chinese tech giant Tencent Holdings posted a 17-year low revenue growth due to the ongoing regulatory crackdown in the country. Tencent’s top line grew 13% to 142.4 billion yuan…
(Bloomberg) Tencent Holdings has unveiled its first chips that will be used in cloud servers, video transcoding, and artificial intelligence. The Conglomerate’s Senior Vice President Dowson Tong promised that the…
(Reuters) Beijing hit tech giants on Monday with a fresh regulatory move that requires them to stop blocking each other’s links on their platforms. China’s Ministry of Industry and Information…
(Bloomberg) China’s Hang Seng Tech Index rose 1.6% on Tuesday, the highest since late July after Tencent Holdings boosted market sentiment in a fresh round of share buybacks. Tencent bought…
(Tencent) Chinese tech giant Tencent posted a revenue of RMB138.3 billion or $21.4 billion in the second quarter, up 20% from the comparable quarter of 2020. Tencent’s revenues were boosted…
(CNBC) Tencent led Chinese stocks in Tuesday's plunge, shedding about 3.5%, after Beijing issued draft rules to tame unfair competition among technology firms. Jack Ma’s Alibaba fell 2.5%. China’s draft…