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.
Meituan Dianping Founder Wang Xing Boosts Fortune to $10 Billion
Meituan Dianping founder Wang Xing’s fortune has nearly doubled since his company emerged from the depths of China’s Covid-19 lockdown, cementing his place among a generation of the country’s most prominent tech entrepreneurs.
Tencent-Backed Meituan Joins $100 Billion Club After Sales Beat
Meituan Dianping’s shares soared after it reported a smaller than expected 13% slide in revenue that drove hopes the world’s largest meal delivery business is starting to recover as China emerges from Covid-19 lockdowns.
2019's top-earning video game companies: Sony conquers the charts
How do gaming's top billion-dollar titans compare to one another? Let's take a closer look.
‘Health issues’ said to force Tencent's Pony Ma to miss China’s top legislative meeting
The Tencent founder may not attend this year’s annual National People’s Congress, but he is expected to submit in absentia a range of proposals including on the industrial internet, financial technology and medical services.
Tencent’s earnings powered by lockdown gaming
Online games revenues rise by a third year on year and social media advertising surges
Tencent Music bets on China’s crowded audio content space – TechCrunch
Listeners of podcasts, audiobooks and other audio shows are estimated to number 542 million in China this year, according to a third-party survey by marketing firm iiMedia. It’s a healthy jump from the 489 million users recorded in 2019, and it no doubt has attracted new players to the game. That includes Tencent Music Entertainment […]
Tencent’s $40 Billion Gain Masks a Deeper Long-Term Threat
The Covid-19 pandemic likely barely dented Tencent Holdings Ltd.’s growth, thanks to its dominance of online spheres from gaming to social media. Now that China’s industries are emerging from the worst of the outbreak, the bigger long-term threat may be the growing posse of challengers to its internet leadership.
A Chinese city to pump life into local business with WeChat live streaming
China is showing renewed interest in live streaming. As the coronavirus swept through the country and shut down premises in droves, businesses are turning online to drive sales. Many have adopted live streaming, a model that predates the short videos that dominate many of our mobile screens now. Ecommerce titans like Alibaba, JD.com and Pinduoduo […]
Shanghai shopping festival sees US$2.2 billion of sales in first 24 hours
The Double Five shopping festival, supported by e-commerce platforms such as Alibaba and JD.com, is part of Shanghai’s measures to stimulate consumer spending, which has slowed during the Covid-19 outbreak.
China gives green light to more domestic travel by unifying Covid-19 QR codes
Provinces had been operating their own codes and sometimes refusing to recognise those from other authorities.
Health code: Back to school with Tencent and friends · TechNode
As Chinese students go back to school, they're being tracked with a health code, smart gates, and other new technology from China's largest tech companies.
Will China’s coronavirus-related trends shape the future for American VCs? – TechCrunch
There may be dark horses waiting to break out when this pandemic is over. Paraphrasing "A Tale of Two Cities," this is the worst time, but also maybe the best time.
China doles out vouchers to encourage shoppers to spend again
Reluctance to visit reopened stores may prove trial run for rest of world after pandemic
No One World live stream in China
Chinese video platforms say they still plan to eventually release a recording of the charity concert that raised funds for Covid-19 relief
China has 'zero chance' of acquiring 'vulnerable' Europe tech firms as EU urges states to take stakes
Europe has long been an attractive place for Chinese firms looking to invest and acquire, and the recent bout of weakness in stocks, particularly key tech firms, could increase interest.
Chinese giants Huawei and Tencent join national group on blockchain after Xi's backing for the tech
China's national committee aims to set the standards for blockchain as it hopes to become a world leader in the nascent space.
Meituan Rejects Claims It Exploited Restaurants During Virus
China’s largest food-delivery site Meituan has hit back against allegations that it charged onerous commissions to restaurants during the Covid-19 outbreak, underscoring the delicate balance the company must strike to get its business back on track.
Tencent Exercises Option to Become Largest Shareholder in Huya – The Esports Observer
Today, NYSE-listed Chinese live-streaming platform Huya announced that Tencent Holdings, through its wholly-owned subsidiary Linen Investment Limited, exercised its option to acquire additional shares in the company to increase its voting power in Huya to 50.9% (on a calculated based on the total issued and outstanding shares of Huya) and became the company’s largest shareholder. […]
Chinese e-commerce giant takes aim at rival leader Alibaba in cloud as China market heats up
JD.com, a major Chinese e-commerce company, is looking to become the technology platform of choice for U.S. customers in a cloud computing market dominated by Alibaba.
Tencent tracks student health with QR codes · TechNode
Tencent is launching a QR code system for students in a bid to get brick-and-mortar schools emptied by Covid-19, running again.
