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 Invest in Brazilian Fintech Startup at $4 Billion Valuation
Chinese internet giant Tencent has agreed to invest about $200 million in Brazil’s Nubank, which offers virtual credit cards, in a deal that values the startup at around $4 billion, a person familiar with the matter said. Tencent’s first investment in Brazil makes Nubank one of the most valuable ...
Chinese tech has taken hefty blows but giants like Tencent and Baidu are not out for the count
Collectively, the BATs or Baidu, Alibaba and Tencent, have lost around $165 billion in value year-to-date, each for their own reasons. While the stocks may have taken a couple of hefty blows this year, they're certainly not down for the count.
Tencent announces a restructuring plan as challenges rise
The Shenzhen-based and Hong Kong-listed company said it will consolidate three content business groups to one unit and create a new group for cloud and smart industries.
Tencent says no plans for layoffs as company undergoes strategic upgrade · TechNode
The company is undergoing the third large-scale reorganization since its founding 20 years ago.
Tencent enforces real-name verification in Honour of Kings · TechNode
The upgrade connects the game with China's public security database.
Tencent, Hillhouse Team Up for China's Offshore Trillions
Tencent Holdings Ltd. and Hillhouse Capital Management Ltd. are joining the throng of financial firms seeking to service the huge number of Chinese investors looking to diversify outside of the mainland.
Tencent shuts poker platform amid widening gaming crackdown
Tencent Holdings will shut a popular Texas Hold'Em poker video game, the Chinese tech giant said to its users on Monday, in a further step to comply with intensifying government scrutiny hitting the country's gaming industry.
Tencent Music to file for US IPO today · TechNode
The company hopes to raise $2 billion at a valuation of up to $31 billion
Tencent, Netease stumble as China tightens videogame rules
China will limit videogame releases and set new restrictions on play time for youths.
Too Many Chinese Children Need Glasses. Beijing Blames Video Games. (Published 2018)
China’s Tencent and other video game companies saw their shares tumble as the government puts additional pressure on the industry.
Tencent's stock falls more than 5% after Chinese ministry proposes increased regulation
China's education ministry issued a statement on Thursday about the need for controlling the number of new online games as the country faces increasing eye problems in its youth population.
Tencent Needs Fortnite Help To Bring Popular Video Games to China
Tencent Holdings Ltd., the world’s biggest games company, needs some help from Fortnite, the world’s hottest game.
Slowing Chinese payments market compounds Tencent woes
Online payments groups under pressure to diversify amid signs of market saturation
Why Chinese tech stocks are getting hammered
The country's major players -- Baidu, Alibaba and Tencent -- have lost hundreds of billions of dollars in market value in the past few months.
Tencent spinoff China Literature to buy New Classics Media for $2.2B in content consolidation play – TechCrunch
As the consumer appetite for digital entertainment in China continues its rapid growth, two companies are combining forces to step up their game in the space. Today, China Literature — the Tencent e-publishing venture that went public with a $1 billion IPO last November — announced that it would acquire Chinese digital production company New […]
Tencent Cloud user claims $1.6 million compensation for data loss · TechNode
Tencent Cloud user claims $1.6 million compensation for data loss
Alibaba renews foray into Tencent turf with Taobao mini game platform · TechNode
Alibaba renews foray to Tencent turf with Taobao mini game platform
Hillhouse, KKR Said to Weigh Deal for $14 Billion Yum China
Hillhouse Capital and KKR & Co. are among firms exploring a potential acquisition of Yum China Holdings Inc., the $14 billion U.S.-listed operator of KFC and Pizza Hut brands on the mainland, people familiar with the matter said.
The incredible rise of Pinduoduo, China’s newest force in e-commerce – TechCrunch
Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. From Alibaba to JD, China is not short of e-commerce powerhouses. Although the country’s e-commerce market is highly consolidated, it’s not impossible for startup teams to crack this market as long as they are solving the right problems for […]
The incredible rise of Pinduoduo, Tencent's most powerful Taobao rival · TechNode
The incredible rise of Pinduoduo, Tencent's most powerful Taobao rival