∗Tencent Archives - Page 5 of 88

ByteDance Shuts Down Social Product Feiliao’s Official Website

The official website of ByteDance-owned online social platform Feiliao has recently been shut down and download channels have been closed, although any official suspension announcement has yet to be made.

Tencent’s WeChat Launches Palm Print Payment Mini-Program

Tencent's versatile social media platform WeChat has recently launched a new mini-program enabling palm print payment, giving users yet another way to settle transactions in addition to passwords, fingerprints and facial recognition.

Tencent Share Price Falls Below HK$250, A New Low

On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion.

Tencent’s Sogou Launches Community-Based Social Product for Trending Topics

Sogou, a Chinese tech firm acquired by Tencent last year, has launched a youthful community-based social product called "Miaogeng." On this platform, users can create texts and pictures around trending topics and buzzwords, deploying emojis to express their emotions.

Fintech Platform Airwallex Secures $100M in E2 Series Financing

Fintech platform Airwallex on October 11 announced that it has recently closed E2 Series financing, garnering $100 million. Its total funding amount increased to more than $900 million, with the same $5.5 billion valuation.

Parent Firm of DaaS Provider Bear Rental Cleared for Hong Kong IPO

Device as a service (DaaS) provider Bear Rental's parent company, LX Technology, passed a hearing for the Hong Kong Stock Exchange on October 7, with Haitong International Securities Group serving as the exclusive sponsor.

Web3 Is Set to Permeate Smartphone Industry

Huawei has at least three departments studying and exploring Web3, and the HarmonyOS team is one of them. Before Huawei, Samsung and HTC have already worked on Web3, successfully combining it with their own smartphone hardware.

Look Into ByteDance’s Gaming Unit Nuverse

ByteDance's product launches are highly data dependent, with test results determining which features go live and algorithms determining which videos users see. When it comes to games, however, there are many more than just these factors.

Developer of Mini-Game “Sheep a Sheep” Claims Infringement by GameFi Version

Following the release of a digital mini-game called "Sheep a Sheep," which has recently gone viral in China, a new GameFi version has quietly been launched. Its token price has experienced roller coaster-like fluctuations within a short period of time.

Matching Mini-game “Sheep A Sheep” Hits It off in China, Arouses Controversy

A new pass-through mini game named "Yang Le Ge Yang," translated as "Sheep A Sheep," has become a national online sensation on China's social media in recent days. However, it has aroused controversy over its profitability and game rules.

Tencent-Backed Mogo Auto Unveils Autonomous Mass Production Bus

Mogo Auto, a Chinese autonomous vehicle startup, released the world's first self-driving factory-installed mass production bus featuring a "vehicle-infrastructure-cloud integration" system.

China Top Five Buyers Expect to Increase Six Times More on Green Energy Consumption This Year

Chinese tech giants Alibaba is among the leading green energy buyers, ranking the second in the list for all Chinese companies, according to a ranking list of top buyers and sellers by research provider BloombergNEF last week.

Former Sony Interactive Entertainment Executive Joins Tencent Games as Adviser

Shawn Layden, the former CEO of Sony Interactive Entertainment's U.S. division and chairman of Worldwide Studios, announced on his LinkedIn account on September 20 that he has joined Tencent Games as a strategic advisor.

Tencent Music’s Digital Collection Platform Responds to Sales Suspension

The digital collection platform owned by Tencent Music Entertainment Group is currently in a state of near shutdown. The company said that the digital collection plate is still in the evaluation and planning stage, and subsequent moves will be unveiled in the future.

Tencent Invests in Overseas Education Startups After China’s Regulatory Tightening

Tencent has invested in education startups in Nigeria, Austria and other overseas markets this year after Chinese authorities introduced tight restrictions on tutoring services in the country.

Tencent Cloud and Singapore-Based Strange Universe to Develop Web3 Business Metaverse Platform

Tencent Cloud announced on September 13 its signing of a memorandum of understanding with Strange Universe Technology, a Singapore-based Web3 company, involving the creation of an immersive and integrated platform.

Tencent Music Gearing Up for Hong Kong IPO by Way of Introduction

Tencent Music Entertainment Group (TME) has reportedly obtained approval for a second public listing on the main board of the Hong Kong Stock Exchange (HKEx), issuing relevant documents on September 15.

NetEase and Tencent Finally Get Green Light to Publish New Games in China

On the evening of September 13, China's regulator announced a new batch of approval numbers authorizing the release of new online games in the country. The latest list finally includes titles developed by NetEase and Tencent.

Ant Group’s Digital Collection Platform Launches Custom Physical Object Function

On September 8, fintech giant Ant Group's digital collection platform Jingtan officially launched an "entity customization" function, allowing users to customize some digital collections into derivative objects.

TikTok and WeChat Deny User Records Leakage

A recent poster on a hacker forum claims to have obtained TikTok's and WeChat's databases on Alibaba's cloud service platform, which together contain over 2.05 billion user records. However, Tencent, WeChat's parent company, and TikTok denied any security breach.

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