China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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682 articles matching the search query.
Tencent's e-book spinoff eyes North American expansion
Tencent's e-book spinoff China Literature is looking to grow its North American business as it seeks to tap surging demand for content outside its home market, a senior executive told Reuters.
Tencent Music Plans Buyback After Block Trades Selling Archegos Holdings
Tencent Music Entertainment Group announced a $1 billion share buyback Monday, days after the Chinese online music company was caught up as one of the names hit by a liquidation of holdings by former Tiger Management trader Bill Hwang.
Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down | KrASIA
Beijing-based online mutual aid platform Qingsong Huzhu stopped operations on Wednesday, Economic Observer reported, citing users of the service. Before the shutdown, the site registered 17 million users at the end of May last year, second only to Ant Group's Xiang Hu Bao with about 100 million members.
Tencent-Backed Linklogis Seeks $1.1 Billion in Hong Kong IPO
Chinese fintech company Linklogis Inc., backed by Tencent Holdings Ltd., is seeking to raise HK$8.3 billion ($1.07 billion) from an initial public offering in Hong Kong.
Tencent vows to embrace open platform amid antitrust crackdown | KrASIA
Chinese internet group Tencent Holdings has vowed to make its platform of a billion-plus users open to industry players -- including competitors -- as Beijing steps up an anti-monopoly crackdown aimed at big tech companies.Tencent President Martin Lau told investors Wednesday that its platform is open to industry players and that collaboration with any big companies needs to be "mutually constructive," responding to media reports that Tencent will allow rival Alibaba Group Holding's Taobao marketplace to sell through its mini-program
Tencent Stresses Regulatory Compliance as Profits From Gaming, Payments Surge
Strong growth in mobile gaming and payments propelled the social-media and entertainment giant to its most profitable year yet.
Tencent confirms talks with Chinese antitrust regulators
Gaming and payments group defends compliance record after ‘voluntary’ meeting with authorities
Tencent tests Beijing’s antitrust redline with game streaming merger
DouYu and Huya, China’s top-ranked video-streaming sites for gamers, hold nearly 90 per cent of the market, putting them under the scrutiny of antitrust regulators.
Exclusive: Tencent boss meets China antitrust officials as scrutiny widens - sources
Pony Ma, the founder of Tencent Holdings, China's biggest social media and video games company, met with antitrust watchdog officials this month to discuss compliance at his group, three people with direct knowledge of the matter said.
TikTok owner ByteDance takes on Tencent after acquiring major mobile gaming studio
ByteDance has acquired a major gaming studio called Moonton highlighting its ambitions in the video game industry and pitting it against Chinese giant Tencent.
China's Tencent faces concessions to win green light for giant videogaming merger: sources
Chinese internet giant Tencent Holdings Ltd is having to offer concessions in a plan to merge the country's top two videogame live-streaming sites in order to resolve antitrust concerns, two people with knowledge of the matter told Reuters.
China’s Healthcare Companies Are the Next Big Thing. Where Investors Should Look.
China’s healthcare companies will get much bigger thanks to an aging population, bottlenecks in China’s state medical system, and prowess in drug research.
China’s Baidu Aims to Raise $3 Billion in Hong Kong Share Sale
The operator of China’s largest search engine intends to sell 95 million new shares, planning to list on the Hong Kong stock exchange on March 23.
China Lays Plans to Tame Tech Giant Alibaba
The e-commerce company is likely to face softer treatment than its Ant affiliate, provided it distances itself from founder Jack Ma and aligns itself more closely with the Communist Party.
Chinese Technology Stocks Have Fallen Harder Than U.S. Peers
An index of the largest technology stocks listed in Hong Kong has dropped 26% in less than three weeks.
Tencent-backed Aiways breaks into Europe and China EV market
Startup opens Jiangxi plant with annual capacity of 150,000 vehicles
China Vows Oversight of Fintech, Financial Holding Firms
China plans to step up oversight of financial holding companies and the nation’s booming fintech industry, Premier Li Keqiang said, setting the tone for closer scrutiny over the next five years of behemoths including Jack Ma’s Ant Group Co.
China’s Tencent Becomes an Investment Powerhouse, Using Deals to Expand Its Empire
A tech-market boom has yielded huge gains for Tencent, which has invested in hundreds of up-and-coming businesses and is now sitting on a portfolio worth roughly a quarter of a trillion dollars.
WeChat’s emoji makeover bolsters anti-smoking drive in China
Tencent’s WeChat, known as Weixin in mainland China, has taken out the image of a cigar from a popular emoji that is used to describe someone as ‘cool’.
China’s Tencent Cloud to open data center in Bahrain
DUBAI: Chinese tech conglomerate Tencent announced on Monday its cloud division is to open a data center in Bahrain. Tencent Cloud signed an agreement with the Bahrain Economic Development Board to
