TagTencent

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent…

Tichome, Mobvoi’s new smart speaker is going to get crowdfunded and be released soon. Mobvoi held a press conference on August 24th, announcing the official release of its brand new smart speakers Tichome at a price of 999 yuan. Members who were in on the crowdfund can purchase the speaker at a price of just…

After months of seesaw battle, the fate of Baidu Takeout may soon be decided, mostly likely to be taken over by ele.me. Currently, ele.me official responds that they have no comment on it, and Baidu has ambivalent attitude without responding clearly. According to what a core high-ranking figure told touchweb, Baidu Takeout ever negotiated with…

Under Tencent’s Internet expansion strategy, the company’s WeSing (lit. Karaoke for Everybody)—a karaoke app that wasn’t heavily invested in—became surprisingly popular. Aside from being relatively popular on the market, this free karaoke app has become the true embodiment of “making a fortune silently”. Li Chun, the managing director of the app, said there are already…

On August 15th, an article titled, “Receive Financing from Angel Investor Charles Xue after Hacking into his Accounts, Creating Fair Trade for 1.5 Million Gamers Online” was published on Pencilnews.cn, sparking extensive discussions across the industry. Pencilnews disclosed in the article how Zhu Pan, the founder of the online trading platform for gamers—4931.com, was able…

Perhaps to reverse Netease founder William Ding's "stingy" image? Netease decided to change its conservative attitude in investments and M&A – in a recent report from Bloomberg, Wang Yi, the Vice President of Netease Game, said: Netease Game is recruiting talents globally, and meanwhile also exploring investments and M&A of foreign studios. It is hoped…

The mobile phone selling like hotcakes in Africa isn’t Samsung nor Apple, but Tecno, a Shenzhen-based telecommunications company in China. According to open statistics, the company holds more than 40% of market shares in the 6 major countries of North Africa. Tecno broke into the African market using two mobile innovations: Dual-SIMs and beauty selfie…

Just recently, Pony Ma surpassed Jack Ma as being China's richest man! According to Forbes recently updated real-time rankings statistics, Pony Ma's personal net assets have reached 36.9 billion USD, ranking him 18th in Forbes listing of the richest people in the world. For the first time, he has surpassed the founder of Alibaba, Jack…

The war between Tencent and Alibaba has spread to India. This time, they're wrestling over mobile payments. Indian chat app Hike Messenger, which Tencent invested in last August, recently added a “red envelope” function similar to WeChat's. WeChat's “red envelope” function is based on the tradition of “hongbaos” given during special occasions. Users on the…