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.
Alibaba, Tencent and Baidu spared from US investor blacklist
Treasury secretary sees off China hawks in dispute over whether to ban investment in tech groups
WSJ News Exclusive | Americans Won’t Be Banned From Investing in Alibaba, Tencent and Baidu
Alibaba, Baidu, and Tencent were among a dozen companies being examined for inclusion in a Defense Department list of firms deemed to support China’s military, intelligence and security services.
California WeChat Users Sue Tencent Over Fear of Chinese Censors
A group of California WeChat users sued Tencent Holdings Ltd., the Chinese owner of the messaging and payment app, for allegedly violating their right to privacy by surveilling and censoring their communications.
Tencent Boosts Stake in Grocery App Xingsheng Youxuan
Tencent Holdings Ltd. has increased its stake in Xingsheng Youxuan, investing $100 million in the Chinese online grocery startup at a valuation of about $5 billion, according to people familiar with the matter.
Baidu picks CLSA, Goldman for secondary listing in Hong Kong
Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies. Companies from JD.com to NetEase raised about US$17 billion through share sales in Hong Kong last year, according to Bloomberg’s data.
Trump’s Ban on Chinese Apps Falls to Biden to Execute—or Not
Restrictions on the use of Alipay, WeChat Pay and other apps wouldn’t kick in until February, meaning the new administration has a chance to modify or suspend the ban.
WSJ News Exclusive | U.S. Weighs Adding Alibaba, Tencent to China Stock Ban
Federal officials have discussed expanding a blacklist of companies off limits to U.S. investments over concerns about ties to Chinese authorities.
Tencent games reinstated on Huawei app store
Tencent's online games were removed and then reinstated on Huawei's app store on Friday in a dispute over revenue sharing by the Chinese companies.
Tencent backs Chinese healthcare portal DXY in $500M round
DXY, a 20-year-old online healthcare community for Chinese consumers and healthcare organizations like Pfizer, announced this week that it has raised $500 million in its Series E round led by private equity firm Trustbridge Partners. Existing backer Tencent and Hillhouse Capital’s early-stage focused GL Ventures also participated in the round, which lifted the firm’s total […]
Alibaba Probe Stirs Worry About What’s Next for Chinese Tech
Alibaba Group Holding Ltd. led a second day of frenetic selling among China’s largest tech firms, driven by fears that antitrust scrutiny will spread beyond Jack Ma’s internet empire and engulf the country’s most powerful corporations.
Tencent doubles stake in Universal Music, home to Ariana Grande, Drake
Chinese internet giant Tencent is doubling its stake to 20 percent in Universal Music Group, the home of entertainers like Ariana Grande, Lady Gaga, Billie Eilish, Drake and the Beatles. Tencent...
Video games get age-based ratings in China, joining mounting restrictions
China’s video games watchdog has announced a new age-based rating system developed with Tencent, NetEase and 52 other organisations amid increasing gaming restrictions for minors.
Analysis: Xi sees Alibaba and Tencent as rising threats to power
Politburo goes on crusade against 'disorderly expansion of capital'
Tencent placates Beijing with 'public interest' games for China
Other Chinese developers also try to ease concerns over young players' addiction
Tencent-backed Chinese budget retailer Miniso launches Toptoy, a store chain for toys
Known for selling low-cost items, Miniso will open the first store of its new chain “Toptoy” this month in Guangzhou.
China Cosmetic Firm Yatsen Raises $617 Million in U.S. IPO
Chinese cosmetics company Yatsen Holding Ltd. rose 75% in its trading debut after raising $617 million in a U.S. initial public offering priced at the top of a marketed range.
What We Know About China's Big Tech Crackdown
Hi all, it’s Zheping in Hong Kong. Last week, China’s biggest tech companies shed almost $290 billion in market value in two days. For context, that’s roughly equivalent to five Snap Inc.s or the gross domestic product of Egypt.
Why China's Cracking Down on Tech Giants Ant, Alibaba, Tencent
China’s hands-off approach to the technology sector has minted billionaires and giant companies at a breathtaking pace. Now President Xi Jinping’s government is reining in the country’s most powerful corporations, including Alibaba Group Holding Ltd., Tencent Holdings Ltd and Didi Global Inc., along with their ultra-rich founders. The scrutiny is shaping up as one of the largest concerted actions against private enterprise in decades and raising the prospect that the leeway enjoyed by entreprene
Tencent president says Big Tech needs more regulation
Chinese group beats profit forecast on hit games and fintech
Down $290 Billion, China Tech Investors Mull Nightmare Scenarios
With 22 pages of vaguely worded edicts, China has cast doubt on the future of its biggest internet companies and ignited a $290 billion equity selloff.