(Bloomberg) Tencent Holdings Ltd. shed as much as 11% on Tuesday following criticisms by China’s official news agency that called it the “spiritual opium.” The Chinese media agency also referred…
(WSJ) Tencent and Alibaba are considering opening up their services to one another as Beijing tightens tech regulations. The move could include lifting restrictions, which currently prevent Alibaba customers from…
(Yicai) Mobile game vendor Tencent Holdings invested in at least one gaming company every seven days to keep off competitors. The Chinese internet giant, which ranks as the world’s largest…
(LIZHI) LIZHI Inc. 's vertical podcast platform has launched on Tencent’s in-car platform WeScenario to enrich user’s digital experience. The launch allows LIZHI to bring a collection of curated and…
Tencent reported an above-estimate revenue of RMB135.3 billion or US$20.6 billion in Q1 2021, up 25% year over year, according to the company’s press release. Operating profit also beat estimates…
China’s internet giant Tencent faces more than 10 billion yuan or $1.54 million penalty for failing to report past business deals, according to Reuters. Tencent is also accused of anticompetitive…
China State Administration of Market Regulation is ready to clear tech giant Tencent Holdings Ltd.’s $3.5 billion deal to take search engine Sogou private, according to Reuters. Tencent must be…
Chinese tech giant Tencent’s Timi Studios generated $10 billion revenues last year, according to Reuters. The revenue makes Timi, a maker of popular video games Honor of Kings and Call…
Tencent recorded revenues of RMB 133,669 million or $20,486 million in Q4 2020, up 26% from Q4 2019, according to the company’s press release. The revenue was largely helped by…
China’s State Administration for Market Regulation has fined 12 companies involved in 10 deals that violated anti-monopoly rules, according to Reuters. The companies were fined 500,000 Yuan or $77,000 and…
U.S officials are considering prohibiting Americans from investing in Alibaba Group Holdings and Tencent Holdings Ltd, according to Reuters. The move follows Trump’s executive order in November that bans U.S…