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Tencent, the biggest social networking and video games company in China, hasn’t really managed to scale its popular products in the Western mainstream. The behemoth’s international expansion for the most…
Tencent offloads stakes in allies as it continues investment spree
Chinese internet titan Tencent is divesting its vast portfolio. On Tuesday, the company announced plans to offload more than $3 billion worth of shares in Sea, a Singaporean internet conglomerate,…
Tencent shares its metaverse vision for the first time
How could Tencent not jump on the metaverse bandwagon when Facebook is hinging its future on the new buzzword? At this stage, Tencent’s approach seems more measured than Facebook’s $10 billion…
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WeChat wants to own tourism
When people travel, they usually have a list of apps installed to navigate a new city, find restaurants, book transit tickets and more. China’s top chat app WeChat has designs on claiming that spot with a new strategy that lumps all these functions into a collection of destination-specific apps. Operated by Tencent, Asia’s second most…
Tencent’s latest education push is a nod to new collaborative structure
When Tencent announced it had formed a new education brand this week, the internet giant wasn’t just flexing its muscles to conquer China’s booming online education sector. The new initiative…
Tencent CEO warns companies must keep innovating to survive amid US-China tensions
On Tuesday, Tencent’s usually low-profile founder and CEO Pony Ma made rare comments to weigh in on escalating tensions between the United States and China, calling domestic tech companies to…
Tencent’s mixed bag for Q1: record profit despite weakest revenue growth yet
Tencent, Asia’s largest tech firm, had a horrific 2018 on account of a country-wide freeze on new game monetization in China, but there’s evidence it has turned the corner. The…
Tencent, one of Asia’s most valuable companies with a current market cap of around $460 billion, has introduced a new motto after co-founder and CEO Pony Ma said this week…
Tencent, Asia’s largest tech firm, is raising $6 billion after the Hong Kong-listed firm announced a new note sale today. Tencent last tapped the markets when it raised $5 billion…
Tencent has finally come out of a prolonged freeze on game approvals as Beijing granted licenses to two of its mobile games this month. According to a notice published Thursday…
China leaves Huawei founder off honor roll marking 40 years of economic success
In the lead up to China’s 40th anniversary of reforms and opening up, People’s Daily, the mouthpiece of the ruling Communist Party, published a list on Monday commending 100 extraordinary…
WeChat reaches 1M mini programs, half the size of Apple’s App Store
They may not be widely known outside of China, but Tencent’s mini program initiative to develop “apps” that live outside of app stores is bearing fruit after it clocked two…
Tencent shakeup puts the focus on enterprise
Chinese internet giant Tencent is reorganizing its business to place more emphasis on enterprise as it prepares for the future of technology and looks to alleviate the pressure on its…
Chinese internet giant Tencent suffers a rare profit drop
Tencent, Asia’s most valuable tech firm, delivered a surprise drop in profit on account of lower investment gains. The firm recorded strong growth with revenue up 30 percent year-on-year to…
Hike beats WhatsApp to launching messenger app payments in India
India-focused mobile messaging service Hike landed funding from Tencent last year, and today it took a major step to emulating the Chinese firm’s WeChat app with the introduction of mobile…
