On Feb. 26, the Chinese venture of Canadian coffee giant Tim Hortons completed its second round of financing, although the precise amount of new investment remains undisclosed.
Leading online InsurTech company Waterdrop Inc. is reported to be in full preparation for a U.S. initial public offering (IPO) in the next quarter.
As the Chinese New Year approaches, we still saw several exciting and significant developments in the industry.
Recently-listed short video company Kuaishou has confirmed on Feb. 8 that it will issue 100 shares to each eligible employee after the lunar Chinese New Year festival, according to Jiemian News.
Xiaomi announced the shutdown of MiTalk last Tuesday, the same day Tencent unveiled an ambitious vision for WeChat. Why couldn't these apps achieve the same success?
Online K-12 education platform Huohua Siwei recently completed a Series E round of financing, raising more than $400 million through three stages - the E1, E2 and E3, respectively - of fundraising.
The lawsuit over the music copyright infringement of 72 songs between Alibaba Culture Media Co., Ltd. and Tencent was drawn to a court decision on Jan. 15, where Tencent paid 432,000 yuan in compensation to Alibaba.
China’s Zhejiang Geely Holding Group said it has teamed up with Tencent to develop smart vehicle technologies, the newest cross-industry partnership between traditional automakers and tech giants.
Multiple functions of cloud office software Feishu, the Chinese version of Lark owned by ByteDance, are banned on Chinese Internet giant Tencent’s WeChat platform, according to the social media posts of ByteDance’s vice president.
On Jan. 5, U.S. President Donald Trump signed an executive order to ban U.S. transactions with eight widely-used Chinese software applications, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay.
On Dec. 14, the Anti-monopoly Bureau of the State Administration for Market Regulation stated that the Huya and DouYu merger case is currently under investigation due to anti-trust concerns.
Chinese social and gaming giant Tencent reported strong Q3 financial results on Thursday, generating a revenue of 125.5 billion yuan ($18.9 billion), up 29% year-on-year and ahead of analysts’ expectations.
Tencent Music Entertainment Group (TME) on Nov. 10 released its unaudited financial results for the third quarter ended Sep. 30, 2020.
The Shanghai Stock Exchange (SSE) and Hong Kong Stock Exchange (HKEX) both on Nov. 3 announced to halt the IPO process of Ant Group.
Tencent Games announced on Nov. 1 during a live-streamed celebration of the game’s 5th anniversary that its star mobile game Honor of Kings has obtained an average DAU of 100 million.