ByteDance Surges to $5.64 Billion Revenue in Q1
TikTok owner ByteDance announced revenue of 40 billion yuan ($5.64 billion) in the first quarter of 2020, up 130 percent from the previous year.
Tag: #Tencent
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Meituan Dianping-Backed Chinese EV Maker Li Auto Targets $100M US Listing on July 31
Chinese electric vehicle maker Li Auto has filed for a U.S. initial public offering, aiming to list its shares on the Nasdaq Global Market on July 31.
Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi
Reports have emerged recently claiming that Tencent Holdings is considering a reduction of its shares in Meituan, Beike, Didi and other companies, in order to provide funds for its stock repurchase and new business ventures.
Meituan Completed a New Round $4 Billion Financing and Its Valuation Reached $30 Billion
On October 19, Meituan, China's largest Internet + life service platform, announced that it had completed a new round of financing worth $4 billion and its valu...
How Mobile Gaming Conquered China
Chinese gamers have historically been staunch PC buffs, but it was rather a Hobson’s choice. From 2000 to 2015 buying an Xbox or a PlayStation was not an easy feat for local youths, since most consoles were simply banned from official sale.
Tencent Invests in Venture Capital Private Equity Company
On August 19, Dongguan Qingshuiwan Phase II Venture Capital Partnership (Limited Partnership) was formally established, the newest venture capital firm funded by Tencent.
8/23/20222 min read
Tencent's Audio Platform QQ FM Announces Its Shutdown
On July 5th, Tencent's audio platform QQ FM announced its shutdown. Due to business adjustments, starting from today, QQ FM will close user registration and recharge functions. It will officially cease operations on September 6th, 2023 at 00:00.
Facebook Releases List of Top 50 Chinese Brands with Great Global Influences
The third annual Facebook Overseas Marketing Summit was held in Shanghai on Sept. 12. At the event with the theme “created by you, loved by the world”, Facebook...
Pinduoduo Outstrips Baidu as Fifth Largest Internet Company in China
According to Tencent Technological News, Chinese group buying e-commerce platform Pinduoduo surpassed Baidu in market value, becoming the fifth largest Internet company in China.