TENCENT

Tencent’s Shares Slide Further After First Profit Dip for at Least a Decade

Tencent’s Shares Slide Further After First Profit Dip for at Least a Decade

Tencent Holdings’ shares fell 3 percent after the Chinese internet giant announced the first decline in net profit in at least a decade, with poor performance in its gaming business to blame.

Aug 16, 2018
Qiu Zhili
Wanda, Tencent Set Up USD668 Million Smart Retail JV

Wanda, Tencent Set Up USD668 Million Smart Retail JV

Chinese multinational conglomerate Wanda Group’s unit Wanda Commercial Management Group and Chinese tech titan Tencent Holdings have set up a joint venture with…

Aug 15, 2018
Liu Jing & Liao Shumin
TenPay to Start ID Checks After Man Sends USD11,600 to Wrong Person Via WeChat

TenPay to Start ID Checks After Man Sends USD11,600 to Wrong Person Via WeChat

China's internet giant Tencent Holdings will adopt real-name verification on its third-party payment platform TenPay to adhere to regulator's requests regarding recent blunders in money transfers.

Aug 14, 2018
Liao Shumin
China Literature Buys New Classics Media for USD2.25 Billion

China Literature Buys New Classics Media for USD2.25 Billion

Online literature platform China Literature plans to buy New Classics Media lock, stock and barrel for up to CNY15.5 billion (USD2.25 billion), it said in a statement yesterday.

Aug 14, 2018
Xu Wei
Leading Chinese Video Sites Cap TV Stars' Salaries at USD7.25 Million Per Series

Leading Chinese Video Sites Cap TV Stars' Salaries at USD7.25 Million Per Series

China has finally set caps on celebrity pay, mandating that performers may not be paid more than CNY50 million (USD7.25…

Aug 14, 2018
He Tianjiao
Podcaster Ximalaya FM Denies USD581 Million Funding From Tencent, Goldman Sachs

Podcaster Ximalaya FM Denies USD581 Million Funding From Tencent, Goldman Sachs

Chinese audio sharing platform Ximalaya FM has rebutted claims that it has secured a funding worth CNY4 billion (USD581 million).

Aug 13, 2018
Liao Shumin
Tencent Doctorwork to Merge With Trusted Doctors to Tap Smart Healthcare

Tencent Doctorwork to Merge With Trusted Doctors to Tap Smart Healthcare

Tencent Doctorwork to Merge With Trusted Doctors to Tap Smart Healthcare

Aug 9, 2018
Liu Jing & Liao Shumin
(UPDATE) Tencent-Backed Q&A Platform Hits USD2.4 Billion Valuation

(UPDATE) Tencent-Backed Q&A Platform Hits USD2.4 Billion Valuation

Tencent-backed Zhihu has bagged new financing valuing the online question-and-answer community at USD2.4 billion, according to estimates from online news outlet 36Kr.

Aug 9, 2018
Liao Shumin & Liu Jing
Alibaba, Tencent Eye Opening in South Korea’s Internet Banking Sector

Alibaba, Tencent Eye Opening in South Korea’s Internet Banking Sector

Reports that South Korea could lift restrictions on private shareholdings in internet banking firms could provide new opportunities for China’s…

Aug 8, 2018
Quan Xiaoxing
B-Soft, Tencent Team to Tout AI Image Recognition in Medical Info Platforms

B-Soft, Tencent Team to Tout AI Image Recognition in Medical Info Platforms

B-Soft, Tencent Team to Tout AI Image Recognition in Medical Info Platforms. Internet behemoth Tencent Holdings will unite with healthcare…

Aug 7, 2018
Liu Jing & Tang Shihua
Tencent, NetEase Rivalry Threatens Smaller Game Developers

Tencent, NetEase Rivalry Threatens Smaller Game Developers

Chinese gaming firms have found it hard-going during the first half of this year, with the exception of the biggest…

Aug 7, 2018
Qiu Zhili
Media Firm Demands USD1.6 Million From Tencent Over Cloud Data Loss

Media Firm Demands USD1.6 Million From Tencent Over Cloud Data Loss

Tencent Cloud, China’s second-biggest player in the digital storage sector, has found itself in hot water after failing to restore lost data for a client on its platform.

Aug 7, 2018
Duan Qianqian & Lai Shasha