Tencent Strategically Invested Chinese Broker CICC

On the evening of Today (September 20), China International Capital Corporation Limited (CICC) announced in Hong Kong Exchanges and Clearing Limited (HKEx) that Tencent as strategic investors subscribed 207.5 million shares of CICC, accounting for 12.01% of CICC H shares and 4.95% of the total share. The subscription price is 13.80 HKD per share. The…

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Apple will stop taxing in-app tipping, but how much content deserves customer’s tips?

Apple does give in on its tipping tax policy. On April 19th, wx-pai, Tencent’s official WeChat account, posted two notices in succession saying that the tip function of iOS’s WeChat platform will be closed. This news led to public guesses about the reason behind Tencent’s action. The widely acknowledged one is WeChat’s official explanation: According…

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With over 400 Million Users, How did Tencent’s WeSing Make a Fortune?

Under Tencent’s Internet expansion strategy, the company’s WeSing (lit. Karaoke for Everybody)—a karaoke app that wasn’t heavily invested in—became surprisingly popular. Aside from being relatively popular on the market, this free karaoke app has become the true embodiment of “making a fortune silently”. Li Chun, the managing director of the app, said there are already…

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DJI is Secretly Developing Automatic Drive

In the mid-2017, during Shenzhen municipal CPPCC, Frank Wang, the CEO of DJI, aired his opinion of unmanned aerial vehicle (UAV). Speaking of UAV regulation, most measures are bans, which greatly limit the use of UAV as well as the application of new technologies. With the increasingly rigid air policy, DJI is going to explore…

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Chinese tech giants’ future battlefield: Conquering the 2D world

Recently, ACG(”Anime, Comic and Games”)has been so hot, it’s like the weather in Shanghai. Last month, Baidu hosted a 2017 2DMAX Baidu forums event; Tencent’s comic convention QQ JOY was held in Chengdu; BiliBili (a Chinese online video streaming website) sold over 100 thousand tickets for an offline concert. The annual event “China Joy” has just concluded…

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Tencent’s dream to beat Toutiao

On March 24th, when Tencent announced COO Mark Ren as the new president of Online Media Group (OMG), it heralded a new era for Tencent to compete with Toutiao, a news cluster App which claims 600 million users in China. For Mark Ren, starting a new with a clean slate, this move had been in…

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