∗Tencent Archives - Page 6 of 28

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.

Tencent’s Share of French Game Firm Ubisoft Rises to 9.99%

The board of directors of French game company Ubisoft on September 6 authorized Chinese tech and gaming giant Tencent to increase its direct shareholding ratio from 4.5% to 9.99%.

Users of Tencent Music’s Digital Collection Platform Demand Refund

Ever since Huanhe, a digital collection platform owned by Tencent, stopped distribution on August 16, Tencent Music Entertainment's digital collection platform has also attracted users' attention. Some have demanded a refund like Huanhe.

Tencent Responds to Reports of $14.5B Stock Divestment Plan

After Tencent clarified rumors that it will sell all or most of its shares in Meituan, there are now market reports that the Shenzhen-based tech giant plans to reduce its stock investments in listed companies by 100 billion yuan ($14.49 billion) this year.

Tencent Granted Approval for Innovative Medical Device

China's National Medical Products Administration granted approval on August 31 to Tencent Healthcare (Shenzhen) Co., Ltd. for the registration of its innovative medical device.

Tencent’s Subsidiary to Become Shareholder of Japanese Game Developer FromSoftware

Kadokawa, a Japanese publishing enterprise, announced on August 31 that FromSoftware, a game subsidiary, will issue new shares to Sixjoy Hong Kong, a subsidiary owned by Tencent, and Sony Interactive Entertainment (SIE) through third-party allotment.

Tencent Applies for WeChat Input Method Trademarks

According to public information on Chinese business data platform Tianyancha, Tencent has recently applied for the registration of several trademarks related to input methods on its WeChat application.

Bitcoin’s Market Cap Surpassed by Tencent

Bitcoin's market cap now stands at $379.39 billion, down 7.52% in the past seven days and overtaken by Chinese tech giant Tencent, as its price continues to fall, according to 8MarketCap.

Forbes China Releases 2022 China ESG 50

Forbes China released its 2022 China ESG 50 report on August 23, seeking to highlight the best practices of domestic enterprises in the field of ESG, analyzing and discovering their development status and related future trends.

Huawei, Tencent and Others Build Joint Metaverse Research Institute

The Joint Research Institute of Metaverse and Virtual-Real Interaction was formally established by a group of institutions and tech firms recently in Shanghai.

Tencent’s Q2 Disclosure a Mixed Blessing, Hoping to Defy Gravity in Shaky Market

Chinese internet giant Tencent logged its first-ever quarterly revenue fall along with declining net profit for the fourth consecutive quarter, according to its second-quarter 2022 results released on August 17.

Around 10 Tencent Products Now Halted for Several Months

In August, two apps operated by Shenzhen-based tech giant Tencent were officially shut down. Up until August this year, roughly 10 well-known products or applications have been officially given up by Tencent.

NFT Weekly: Huobi’s Big Move

This week: Tencent halts sales on its NFT platform Huanhe amid regulatory scrutiny, Huobi founder to sell majority stake in the exchange at a $3 billion valuation, China shuts down 12,000 crypto-related social media accounts, and more.

Tencent’s Huanhe Stops Distribution of Digital Collections

On August 16, Huanhe, a digital collection platform under Tencent, announced that it had stopped the distribution of digital collections, as the company turns to focus on core strategies.

QQ Music to Provide in-Car Dolby Atmos Music Services for NIO

QQ Music, a subsidiary of Tencent, announced on August 16 that it will provide in-car Dolby Atmos audio services for NIO. This means that QQ Music will become the first music platform in China to provide in-car Dolby Atmos sound to a partner car brand.