Tencent

Tencent is finally joining the web3 wild west

China’s web3 community is rallying around the news of Tencent’s march into the decentralized land. On Wednesday, the social and gaming giant held its first global web3 summit in Singapore,

Quell’s gamified home fitness tech drums up $10M

Home fitness had a huge moment at the outset of the pandemic — and understandably so. People were stuck at home, gyms closed and suddenly workout options seemed to dramatically decrease. As with

Amid ChatGPT frenzy, a hundred followers bloom in China

Technological breakthroughs in the U.S. never fail to inspire challengers, followers and opportunists in China. It’s ChatGPT’s turn to capture the imagination of the world’s largest

How China is building a parallel generative AI universe

The gigantic technological leap that machine learning models have shown in the last few months is getting everyone excited about the future of AI — but also nervous about its uncomfortable conse

Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm

News on Tencent and China Unicom caused a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory app

Taylor Swift’s ‘Midnights’ is the priciest digital album Tencent has sold

Taylor Swift’s latest album “Midnights” has dropped, and it might be setting a new standard for China’s digital music industry. Within a day of its release, the 13-track album,

Tencent lays off nearly all of staff at its gaming site Fanbyte

The first rule of conducting layoffs is to not be a jerk about it. The second rule is to make sure the social media manager you just laid off doesn’t still have access to your accounts. Today, T

Inside Tencent’s ambition to create a Triple A console game

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 expansi

Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF

In 2020, Chinese startup Zilliz — which builds cloud-native software to process data for AI applications and unstructured data analytics, and is the creator of Milvus, the popular open source ve

Ready Player Me, a platform to build dynamic cross-game avatars for virtual worlds, raises $56M led by a16z

Last week, Mark Zuckerberg was roundly mocked for the bad graphics in his preview of a new expansion of Horizon Worlds, Meta’s metaverse effort. His quick response promising better avatars for t

Crypto, where the fallen seek a fresh start

Welcome back to Chain Reaction. Last week, we talked about privacy in crypto and how it’s sometimes at odds with regulation. This week, we’re covering a larger-than-life founder who is per

TikTok parent ByteDance just bought a hospital group in China

TikTok’s parent company ByteDance is making some pretty heavy bets on the healthcare space as it acquired Amcare, which runs high-end children’s and women’s hospitals across China. T

Jack Ma to give up control of fintech giant Ant Group: WSJ

China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reporte

Real driverless cars are now legal in Shenzhen, China’s tech hub

There are plenty of autonomous driving vehicles testing on the roads of Shenzhen today: Pony.ai, Baidu, DeepRoute, AutoX, you name it. But these vehicles are not really the unmanned vehicles that tech

Former Tencent insurance boss joins web3 powerhouse Animoca Brands

Animoca Brands, the Hong Kong-based gaming company and the investor behind web3 big names like The Sandbox, Sky Mavis, Dapper Labs and OpenSea, just got a talent boost. Alan Lau, former CEO and chairm

Shanghai gives nod to NFT trading platforms

After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. Th

With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in Web 2.0

Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate

China’s tech giants promise speculation-free NFTs

The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Associa

Kukua, creators of ‘Super Sema,’ raises $6 million, led by Alchimia and Tencent

Kukua, a Nairobi- and London-based educational entertainment company and the creators of “Super Sema,” the first African animated superhero franchise, has raised $6 million in its latest round of

Incredibuild powers up with $35M to boost its distributed, faster approach to games and software development

Incredibuild, an Israeli startup that has picked up a lot of traction in the worlds of gaming and software development for a platform that drastically speeds up (and reduces the cost of) the shipment
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