∗Tencent Archives - Page 12 of 28

China NFT Weekly: Bing Dwen Dwen NFTs!

This week: Animoca Brands subsidiary nWay develops official NFTs for Beijing Winter Olympics mascot Bing Dwen Dwen, Tencent-led project becomes first UN-approved standards initiative on NFTs, and more.

Tencent Wins Lawsuit Against Game Console Pirates

According to Tianyancha App, a commercial information inquiry platform, the first-instance judgment of trademark infringement dispute between Tencent and Guangzhou Ren Wo Xing Video Game Store was made public.

Tencent Launches New XR Business

Tencent has launched a new business - Extended Reality (XR) - and has recently started an internal reshuffling of staff to take on the new business. Tencent has not responded to this report yet.

China VC Weekly: Kuaishou-backed VC and Tencent’s European Moves

In last week’s VC news, Chinese tech-behemoth Tencent injected funds into a French payments startup while short-video powerhouse Kuaishou launched a new VC institution and more.

Didi Stocks Rise 9% After Tencent Increases Shares

The US Securities and Exchange Commission released a document on Thursday suggesting that Chinese tech giant Tencent has added about 1.8 million Class A ordinary shares to its existing holdings in ride-hailing firm Didi Global Inc.

Tencent Adjusts Film Business

The main part of Tencent Pictures will be adjusted from PCG (Platform and Content Business Group) to CDG (Enterprise Development Business Group).

Sensor Tower: 34 Chinese Mobile Game Makers Squeeze in Top 100 with Largest Revenue

According to a report released by Sensor Tower on Wednesday, in January, a total of 34 Chinese mobile game manufacturers were shortlisted on the Top 100 revenue list (only the revenue from App Store and Google Play).

WeChat Releases Spring Festival Holiday Data Report

On Tuesday, WeChat, Tencent's social app, released a report for the Spring Festival holiday in 2022 (from January 31 to February 5). The report shows some new consumption and usage habits of the Chinese people.

Chinese E-Sports Firm VSPN Set for Hong Kong IPO, Tencent Holds 13.54% Stake

Chinese e-sports firm VSPN has filed a prospectus with the Hong Kong Stock Exchange on January 31 for listing on its Main Board, with Bank of America, CICC and Credit Suisse acting as joint sponsors.

Chinese Fast Food Chain Hefu-Noodle Mulls Overseas Listing

China’s Hefu-Noodle is planning to list its shares outside the country’s borders, according to Juewei Food, a stewed-snack producer whose wholly-owned subsidiary Shenzhen Wangju Investment controls 16.92% of the popular noodle restaurant chain.

Tencent Plans to Take Streaming Platform DouYu Private

Tencent plans to privatize one of its streaming platforms DouYu as its executives hold disagreements regarding strategy.

Graduate Complains to Overtime Work at Tencent

On Wednesday, a topic named "fresh graduate employees of Wechat Group of Tencent accused his leader" went viral on Chinese social media.

Broadcasting Rights for Winter Olympics Granted to Migu, Tencent, Kuaishou

On Tuesday, China Media Group (CMG) released a statement regarding the broadcasting rights for the Beijing Winter Olympic Games.

Tencent Fires 70 Staff in Anti-graft Campaign

Tencent Holdings, China's biggest social media and video games company, on Tuesday said in a social media post that it had fired nearly 70 staff over bribery and embezzlement incidents.

Tencent Invests in Automobile Manufacturer Founded by Roborock CEO

"Luoke Automobile", the automobile project of Chang Jing, founder and CEO of Roborock, had completed a financing round of $ 100 million at the end of 2021. This round was led by Tencent and followed by Sequoia Capital.

Tencent Awards Shares Worth HK$166,000 to Over 20,000 Employees

Tencent Holdings Ltd. announced on Friday at the Hong Kong Stock Exchange (HKEx) that it would grant a total of 8,004,807 award shares to at least 22,800 staff members.

Black Shark 5 Official Announcement: Powered by Snapdragon 8 Gen 1 Processor

Gaming smartphone company Black Shark announced on Friday that its Black Shark 5 series phones equipped with the new Snapdragon 8 Gen 1 mobile platform will be launched soon.

ByteDance Annual Revenue in 2021 Is About $58 Billion USD, Y-o-Y Increase of 70%

The total revenue of TikTok's parent company, ByteDance, increased by 70% year-on-year in 2021 to about $58 billion, a slower growth rate than a year ago.

Tencent Reaches Deal with Olympic Council of Asia and Asian Electronic Sports Federation

On Thursday, Tencent reached a strategic partnership with the Olympic Council of Asia and the Asian Electronic Sports Federation to jointly promote the development of e-sports.

Ant Group Reduces Stake in ZhongAn Insurance to 10.37%

Data from the Hong Kong Stock Exchange (HKEx) showed on Tuesday that Ant Group has reduced its stake in ZhongAn Insurance by 46,537,063 shares, dropping its shareholding ratio from 13.54% to 10.37%.

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