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.
New policy puts revenue squeeze on China’s payments giants – TechCrunch
The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks. In the past, third-party payments firms were allowed to hold […]
China’s Tencent and Alibaba hit the brakes after dealmaking binge
Weaker macro environment could increase internet giants’ reliance on investment income
China's Tencent releases test version of Game of Thrones smartphone game
Tencent Holdings has released a test version of a third-party developed smartphone game in China based on U.S. hit television show Games of Thrones, bolstering its pipeline that has been hit by government curbs of online gaming.
WeChat's Star Founder Seeks Second Act for China's Super-App
Allen Zhang stepped on stage to wrap up a long day of presentations at a Tencent Holdings Ltd. conference. Four hours later, the WeChat founder had methodically torn apart his own brainchild before mapping out the next act for China’s premier super-app.
Could Tencent take over South Korean gaming giant Nexon?
It remains to be seen whether Tencent will take the plunge, given China’s gaming industry has been hammered over the past year with regulators freezing approvals for new games
Apple iPhone Loses Ground to China’s Homegrown Rivals
Apple has slipped to the fifth-biggest phone seller in China, trailing four homegrown producers that have all been growing in popularity.
Baidu, Sohu Get Caught in Latest Chinese Internet Clampdown
China’s cyberspace police have ordered Baidu Inc. and Sohu.com Ltd. to suspend a plethora of news services for a week, kicking off an online clean-up campaign with two of the country’s biggest internet corporations.
Epic Games, the creator of Fortnite, banked a $3 billion profit in 2018 – TechCrunch
Epic Games had as good a year in 2018 as any company in tech. Fortnite became the world’s most popular game, growing the company’s valuation to $15 billion, but it has helped the company pile up cash, too. Epic grossed a $3 billion profit for this year fueled by the continued success of Fortnite, a […]
A Chill From Beijing Buffets China’s Tech Sector
After years of thriving under Beijing’s relatively light hand, China’s fast-growing technology sector is facing an unfamiliar situation: stepped-up government scrutiny.
China’s JD.com Plans $1 Billion Share Buyback
Chinese e-commerce giant JD.com announced a $1 billion share buyback program in a bid to lift stock prices weighed down by concerns about China’s economy and potential criminal charges against the company’s CEO.
Tencent shares jump after China watchdog flags video game approvals
Shares of Tencent jumped more than 4 percent on Friday on the back of a Chinese regulatory official's comments that some new games have been cleared for sale following a lengthy freeze in approvals.
Chinese start-ups turn to Southeast Asia in trade war, NYSE exec says
‘Southeast Asia is one of those areas where it has been explored before, but now there is that new focus,’ says Betty Liu, executive vice-chairwoman at NYSE. A shift would challenge US markets to draw more companies from China, which has become a growth engine.
Tencent Music: Chinese firm to raise $1.2bn in New York listing
Tencent revives its New York float that was postponed in the wake of the US-China trade war.
Chinese Titan Tencent Plays an Aggressive New Game: Luxury | Jing Daily
Here is how Tencent is vying for the attention of international luxury brands and relying on them to bounce back from the current downward trend.
Tencent rolls out a clone of ByteDance’s joke app · TechNode
Chinese tech giant Tencent launched Hapi, a clone of ByteDance’s popular joke app Pipixia, in an attempt to win attention from the grassroots users.
China’s Craigslist continues growth after netting 100 million small-town users – TechCrunch
58.com, the Craigslist of China, is making a massive push to pick up rural users as it hedges China’s economic uncertainties. During the third quarter, revenues grew 33.2 percent, to $527 million, and net income jumped 106 percent, to $106 million year-over-year. The classifieds giant said in Thursday’s earnings call that it added more than 100 million […]
China’s frenzy over League of Legends championship sheds light on esports growth – TechCrunch
When China’s Invictus Gaming defeated European squad Fnatic in the League of Legends 2018 finals this past Saturday, China’s social media platforms became awash in ecstasy and pride. “It’s like winning an Olympic gold, a teenage dream come true,” writes one thirty-something audience of the competition on his WeChat feed. Many others share that sentiment. […]
Tencent to require all gamers to verify their ID with police database
Tencent to require all gamers to verify their identities with police database from next year
Tencent unrolls multibillion dollar bet on the cloud · TechNode
Investment program will focus on people, capability development and infrastructure.
How WeChat faded into the silence in India | FactorDaily
Circa 2010, China: The aftermath of Urumqi riots in 2009 resulted in a ban and blockage of 1.3 million websites ...
