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 to consolidate China's Twitch-like services Douyu and Huya: sources
China's biggest video game and social media company Tencent Holdings is driving a merger of Twitch-like game streaming platforms Douyu and Huya , as it seeks to consolidate its dominance in the industry.
Chinese games will force players to use their real names
Gaming giants Tencent and NetEase already have their own verification systems, but China will soon have a nationwide system.
TikTok’s Former Chief to Oversee Investment at ByteDance
TikTok’s co-creator and former chief will oversee ByteDance Ltd.’s investment arm, heading up the search for the company’s next breakthrough app and stepping further away from the viral video sensation that’s been caught in the cross-hairs of U.S.-China tensions.
China’s EV startup Xpeng pulls in $500 million Series C+
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s […]
China to Expand Digital Yuan Test to Tencent-Backed Meituan
China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in a major step toward the token’s mass adoption.
Jack Ma Chieftain Simon Hu Lays Out Plan to Fend Off Tencent
Billionaire Jack Ma’s newest chieftain is accelerating Alipay’s evolution into an online mall for everything from loans and travel services to food delivery, in a bid to claw back shoppers lost to Tencent Holdings Ltd.
Pokémon, Tencent Announce New Game for Smartphones, Switch
Tencent Holdings Ltd. and Pokémon Co. announced a jointly-developed new game for smartphones and Nintendo Co.’s Switch console, the Chinese tech giant’s latest move to foray into the console arena and expand its direct presence outside its home turf.
Tencent Smashes Record High After Stock’s $307 Billion Rebound
Tencent Holdings Ltd.’s shares just hit three milestones in a single day.
China Punishes ByteDance, Tencent-Backed Apps in Clampdown
China has penalized 10 of the country’s most popular livestreaming apps, suspending some of their operations in a renewed crackdown on fast-growing services backed by Tencent Holdings Ltd. and ByteDance Ltd.
A Chinese Video-Streaming Tie-Up Would Be a Drama Worth Watching
China’s overcrowded video-streaming industry has long been ripe for consolidation.
China Inc. Leaving U.S. Market at Fastest Pace Since 2015
Chinese companies are ditching their U.S. listings at the fastest pace since 2015 as they grapple with rising tensions between Beijing and Washington.
Tencent is building a Monaco-sized 'city of the future' in Shenzhen
Technology giant Tencent has unveiled plans for an almost entirely car-free "city of the future" that prioritizes pedestrians, green spaces and self-driving vehicles.
China’s 58.com Agrees to Buyout Deal at $8.7 Billion Value
An investor group backed by Warburg Pincus and General Atlantic agreed to take 58.com Inc. private in a deal valuing China’s biggest online classifieds firm at about $8.7 billion.
AmEx Wins Clearing License for China’s $27 Trillion Market
American Express Co. received approval to start bank card clearing services in China, making it the first foreign payments network to be allowed to process local currency transactions in one of the world’s largest markets.
China's Tencent Music reports passive stake in Warner Music
China's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp, about a week after the world's third-largest recording label's debut on the Nasdaq.
Tencent-led investor group to take China's Bitauto private for $1.1 billion
Chinese car comparison website Bitauto Holdings Ltd on Friday agreed to be taken private by an investor group backed by gaming and social media firm Tencent Holdings Ltd for $1.1 billion in cash.
Tencent moves to integrate movie and fan fiction platforms · TechNode
Tencent ups its bet on pan-entertainment market with appointment of fan fiction-like platform chief to movie ticketing board.
NetEase shares close over 5% higher on the first day of trading in Hong Kong
NetEase launched a secondary listing on the Hong Kong stock exchange amid rising tensions between the U.S. and China.
Billionaire Zhou Eyes China Online Lending With Bank Stake
Billionaire Zhou Hongyi is making a grab for a share of China’s lucrative online lending market, which is dominated by Jack Ma’s Ant Financial and Tencent’s financial unit.
Tencent to plow $70 billion into cloud, AI over 5 years · TechNode
Tencent said the investment plan is a response to Beijing’s 'new infrastructure' projects, but it is similar to a plan Alibaba announced in April.
