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Tencent’s Q2 Net Profit Jumps 33%, Video Account Usage Time Almost Doubles

Tencent's net profit in the second quarter increased by 33% year-on-year, and the usage time of video accounts nearly doubled.

Tencent Music’s Q2: User Growth and Entertainment Decline

Tencent Music Entertainment Group experiences a mix of joy and worry in Q2, with paid users reaching 99.4 million but social entertainment declining significantly.

Tencent Hunyuan AI Large Model Starts Internal Testing

Tencent's self-developed 'Tencent Hunyuan AI Large Model' has entered the internal testing phase. Several Tencent employees have reported receiving internal emails inviting them to experience the Tencent Hunyuan AI Large Model through webpages or mini-programs. Multiple Tencent business units have also integrated the Tencent Hunyuan AI Large Model for testing.

Tencent Is Developing A Social App Called M8

On August 2nd, Tencent is internally developing a social app called "M8", created by the QQ team. It is positioned as a map-based virtual social product, targeting young people in the social networking field. This product may begin external testing in August.

Insiders Debunk Rumors of Tencent’s Entry into the Real Estate Industry

On July 26th, Tencent underwent a business change, with the addition of real estate development and operation as a licensed business project in its scope of operations, and non-residential real estate leasing as a general business project.

Tencent’s Weixin Pay Improves Mobile Payment for Foreign Visitors in China

Tencent is strengthening its partnership with global card organizations such as Visa, Discover Global Network (including Diners Club), JCB, and Mastercard. This collaboration aims to enhance the digital payment experience for international users in China.

Tencent and Changan Automobile Sign A Agreement for Further Strategic Cooperation

On July 11th, Changan Automobile and Tencent signed a strategic cooperation agreement in Chongqing, China. Building upon their previous collaboration, the two parties will strengthen cooperation in multiple areas such as intelligent cockpit, navigation and maps, autonomous driving, overseas ecosystem, and corporate digital transformation.

Tencent’s Audio Platform QQ FM Announces Its Shutdown

On July 5th, Tencent's audio platform QQ FM announced its shutdown. Due to business adjustments, starting from today, QQ FM will close user registration and recharge functions. It will officially cease operations on September 6th, 2023 at 00:00.

Tencent Applies for New Barcode of Switch Controller with Chinese Version Color Scheme

On June 24th, Tencent applied for new barcodes for the Chinese version of the Switch Joy-Con controllers in new colors including light purple/green and light pink/yellow.

Tencent’s Robot Dog Max Can Now Imitate Real Dog After Upgrading

On June 14th, Tencent's self-developed multimodal quadruped robot "Robot Dog Max" was upgraded again.

Tencent Backs Large-Scale AI Models with Investment in MiniMax

Tencent has reportedly made its first investment in large-scale AI models, contributing to a new $250 million financing round for startup MiniMax, which values the firm at over $1.2 billion.

Tencent CEO Pony Ma’s WeChat Message Sparks Discussions on Social Media

A screenshot of a WeChat conversation involving Tencent CEO Pony Ma went viral today, trending on Weibo and sparking discussions among industry insiders and netizens alike. According to the chat record, Ma shared an article titled “Discussing Layoffs” in a WeChat group, and noted, “The challenges of the upcoming environment seem quite large, you should […]

Tencent’s WeChat Releases Palm Pay

On May 21st, according to WeChat’s blog, WeChat Palm Pay was officially released. Users can currently perform palm payment on face recognition devices. They need to bind their personal WeChat account to the device and record the palm print. When making a purchase, simply place the hand over the scanning area of the payment device […]

Tencent’s Pony Ma Says AI is a Once-in-a-century Opportunity

"I feel that many companies are too hasty and seem to be boosting their stock prices. We have never been this kind of style."

Tencent Cloud Cuts Prices of Core Products, with Highest Reduction Reaching 40%

A new round of price wars in the cloud service market is underway. Following Alibaba Cloud's announcement of a comprehensive price reduction for its core products, Tencent Cloud also announced on May 16 that it will reduce prices for multiple core cloud products.

Midjourney Releases Chinese Version on Tencent Platform

AI image generators Midjourney released a notice on Tencent's WeChat platform titled 'Beta Application of Midjourney's Chinese Version', inviting Chinese creators to join the beta testing of Midjourney's official Chinese version

Tencent-Backed DouYu Required by Chinese Authorities to Rectify Issues of Pornography and Vulgarity

On May 8, the Cyberspace Administration of China issued a statement stating that regarding serious ecological problems such as pornography and vulgarity on Chinese live streaming platform DouYu, it sent a work group to conduct a one-month centralized rectification supervision on DouYu.