Tencent Holdings reported on Wednesday a 26% year-on-year increase in its revenue for the first quarter of 2020 with its video games business generating more than a third of its revenue.
Chinese tech entrepreneurs are holding most of the country’s wealth, as a large number of the names on Hurun China Rich List 2019 are CEOs of tech giants.
Tencent unveiled a voice-operated version of its messaging app WeChat for use in vehicles in partnership with Chinese car maker Chang’an Automobile.
Tencent CEO Pony Ma has stipulated the Chinese tech giant's new mission statement and vision statement through WeChat yesterday in four words: tech for social good.
On April 22, Fortune released its chart of 2019 world greatest leaders. Pony Ma, CEO of Tencent, runs the fourth on the list. Bill and Melinda Gates, the cofounders of Gates Foundation are listed as the first.
Despite the heavy smog, the Great Hall of the people, where the sessions took place was filled with proactive voices and new ideas. Every year, delegates, the elites from all walks of life gather together in the capital to discuss the country's most pressing issues.
Media were impressed with the 80-million-yuan lavish launch event for the ES8 in Wukesong Venue. There is no doubt NIO raised more investment and spent more money than any other automotive start-up in China. Since its establishment, NIO has raised more than US $2 billion.
On the Third Fudan Chief Economist Forum in Shanghai, when talking about sharing bicycle development, Allen Zhu, the managing director of GSR Venture and investor of ofo, said that Mobike and ofo accounted for 95% of the total market share, but they still would spend more fund in operation. Profitability is possible only when the…