∗Tencent Archives - Page 4 of 88

Tencent’s WeChat Channels to Charge Merchants Technical Service Fees

Pony Ma, the founder, chairman and CEO of Shenzhen-based tech giant Tencent emphasized at a recent internal staff meeting that "WeChat (Video) Channels is the hope of the whole company," and the short video platform has since made various moves to commercialize.

Tencent’s Mobile Music Game “Rhythm Master” Set to Return

In February of 2021, Tencent announced that its classic mobile music game "Rhythm Master" would be suspended. On December 26 of this year, however, the team responsible announced that they would start initial technical tests, indicating the game's eventual return.

Tencent Founder Pony Ma Emphasizes Costs and Efficiency, Points Out Severe Internal Corruption

Tencent recently held an online internal staff meeting to discuss reducing costs and increasing efficiency. About 100 employees attended the meeting, during which firm founder Pony Ma delivered a sharp speech, pointing out the problems with the company's internal management.

GitHub Cooperates with Tencent’s WeChat to Secure User Privacy

GitHub, an Internet hosting service for software development and version control using Git, announced on December 19 that it has partnered with Tencent's social app WeChat to scan for their tokens and help secure their mutual users on all public and private repositories with GitHub Advanced Security.

Tencent Launches TanLIVE to Spur Innovation of Low-Carbon Tech

Shenzhen-based internet giant Tencent and 10 international and domestic partners, including Impact Hub Shanghai and Plug and Play China, have recently launched TanLIVE, a platform that aims to connect stakeholders of low-carbon technologies.

Tencent’s WeChat Keyboard to Curb Data Leakage Ranks Top in App Store after Launch

On December 19, WeChat Keyboard, a Chinese input method app created by Tencent's WeChat team, went online in the Apple and Android App Stores, and ranked first in the free download list of tool-related apps.

Tencent’s WeChat Restricts ChatGPT Mini Programs

Since the global surge in use of ChatGPT, a prototype chatbot developed by San Francisco-based artificial intelligence lab OpenAI, many related mini-programs have appeared on Tencent's WeChat app popular in China, although they now appear to have been restricted.

Tencent’s QQ Tests New Social Interaction Function for Close Friends

QQ, a 23-year-old social networking platform operated by Tencent, has been constantly transforming to fit shifting tech trends, and its content and social functions are getting closer to the preferences of young people.

Tencent’s Anime AI Picture Generator Hits Global Social Platforms

Different Dimension Me, an anime photo generator developed by Chinese internet giant Tencent, has recently become popular on global social platforms. However, this AIGC tool has also received allegations of racial discrimination due to limitations of its algorithms and image recognition functions.

Chinese Digital Collection Platforms Retreat Under Strong Supervision

Since October, nearly 20 small and medium-sized digital collection platforms in China have issued announcements regarding scale-backs and liquidations, citing industry risks, low growth rates, stagnated development and other reasons.

37 Interactive Entertainment Ranks First in Global Revenue List of Chinese Game Makers

On November 15, data.ai, a third-party data organization, published the income list of Chinese game manufacturers in overseas markets for the month of October. 37 Interactive Entertainment surpassed Tencent, miHoYo and other game manufacturers for the first time, ranking first.

Tencent Distributes Meituan Shareholding Worth of $20B

On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.

Chinese Game Makers See Stock Prices Increase after State Media Recognizes Value

One of China's official media outlets published an article entitled "the opportunity in the gaming industry cannot be missed". The news sent stock prices of Chinese game makers in Hong Kong shooting upwards.

Tencent Invests in Electric Bicycle Firm Tenways

One of Tencent's investment affiliates recently took a stake in ShenZhen Tenways Technovation Limited, a manufacturer of electric bicycles. The registered capital of the company increased 38.8%.

Tencent and China Unicom Approved to Set Up Mixed-Ownership JV

According to an official document released on October 27 by China's State Administration for Market Regulation (SAMR), internet giant Tencent and state-owned telecommunications operator China Unicom have gained unconditional approval to establish a joint venture following the completion of a review on October 18.

Prosus Denies Report of Talks to Sell Controlling Stake in Tencent to CITIC

News emerged on October 31 that a consortium headed by CITIC Group, one of China's largest conglomerates, was in discussion with Naspers, a major shareholder of Tencent, to acquire its shares in full. Naspers' subsidiary Prosus later responded, calling the report "speculative and untrue."

Douyin to Compensate Tencent $4.38M Due to Video Infringement

The decision in regard to Tencent's lawsuit against Douyin for video infringement was announced. Douyin needs to delete, filter and intercept related video clips on the platform about the soap opera named "The Worm Valley", and compensate Tencent for more than 32.4 million yuan ($4.38 million).

Coca-Cola and Tencent Music’s TMELAND Create Metaverse Zone for Fans

TMELAND, the first virtual social music platform under Tencent Music Entertainment, opened a new metaverse zone for fans on October 24 during the Coca-Cola Fan Festival through WeChat mini programs in China.

Tencent Denies Rumors Concerning China Mobile Taking Stake

On October 24, news emerged that China Mobile, a multimedia service provider through its nationwide mobile telecommunications network, might take a stake in Chinese tech giant Tencent, which was subsequently denied by Tencent.

Ant’s Alipay Opens Money Transfers to Users of Tencent’s WeChat

Chinese smartphone users have recently discovered a new function within Alipay, Ant Group's payment platform, allowing them to transfer funds to contacts on Tencent's WeChat app. Many netizens said that the function is not as simple as it sounds, and evaluation has been mixed.

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