Tencent Holdings

Tech firms face higher levies as Kenya plans to double digital service tax

Kenya plans to double the digital service tax (DST) to 3% beginning July this year, as the government taps the growing online economy to increase its domestic revenues and narrow fiscal deficit. It is

Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy

Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan F

From the US to China, Korea, India and Europe, antitrust action against tech is gaining serious momentum

After decades of global expansion and consolidation in the tech sector, antitrust is now a headline issue for the industry across the world. What has been a slow and sputtering series of disparate act

Why Florida residents may soon be seeing jet-powered ‘flying taxis’

Florida is renowned for its strange news stories. In recent weeks alone, one resident reported an alligator in her garage that turned out to be a pool floatie; another discovered a python in her washi

Tencent leads $100M Series B funding round into China-based esport provider VSPN

Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised wha

TikTok files for injunction against pending Trump app ban

TikTok’s fight with the Trump administration doesn’t yet appear to be over, regardless of what the deal that was signed between its parent company ByteDance and Oracle says. Earlier today, the com

Trump administration’s WeChat ban is blocked by US district court

A few days ago, the U.S. Commerce Department published a series of rules that aimed to block the downloading of TikTok and WeChat by American users, following an executive order signed by President Tr

In the WeChat, TikTok US shutdown order, TikTok gets Nov. 12 stay, keeping it up through the US election and Oracle dealmaking

The U.S. Commerce Department has now announced the details of how it will enforce the shutdown of TikTok and WeChat in the country, after announcing in August plans to do so by September 20 over nati

Inside Udaan’s push to digitize India’s B2B retail market

During a recent visit, Microsoft chief executive Satya Nadella reiterated his company’s commitment to India and revealed a new fund to help SaaS startups in the country. And then Nadella and Anant M

Moving deeper into enterprise cloud, Intel picks up Barefoot Networks

When it launched out of stealth just three years ago, Barefoot Networks was hailed as a company that would transform the way a generation of computing giants like Facebook, Alphabet, Amazon and Micros

The Crunchbase Unicorn Leaderboard is back, now with a record herd of 452 unicorns

We are very pleased to announce that the new and improved Crunchbase Unicorn Leaderboard re-launched today after nearly a year’s absence from TechCrunch. Venture investors did a lot of handwringing

The misunderstandings of 18-month-old Luckin’s $500M IPO

Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine. Most venture-backed startups can take a decade to reach the public markets. Luckin cut that time down

Free to play games rule the entertainment world with $88 billion in revenue

Tencent left out as China approves the release of 80 new video games

Chinese internet giant Tencent has been excluded from the first batch of video game license approvals issued by the state-run government since March. China regulators approved Saturday the released o

Tencent Music moving ahead with its $1.2B US stock market debut

Tencent Music Entertainment’s initial public offering is back in motion, two months after the company reportedly postponed it amid a global sell-off. In a regulatory filing today, the company, China

China is funding the future of American biotech

Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shangha

Tencent to tighten age verification checks for gamers amid government crackdown

Chinese Internet giant Tencent has announced it’s bringing in a new system of age checks to its video games which will be linked to a national public security database — in an effort to re

Google makes $550M strategic investment in Chinese e-commerce firm JD.com

Google has been increasing its presence in China in recent times, and today it has continued that push by agreeing to a strategic partnership with e-commerce firm JD.com, which will see Google purchas

Indiegogo expands its efforts to help Chinese startups reach global consumers

While crowdfunding company Indiegogo has been running a pilot program in China for the past couple of years, it’s now building on those efforts with the launch of the Indiegogo China Global Fas

Google brings its FilesGo Android device management app to China

Google has continued its slow and steady China strategy after it launched Files Go, a files management service for Android devices. The app launched to global markets last year but today it landed in
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