Tencent Archives - Page 13 of 19

Tencent Stocks Tumble after Profit Dropped for First Time in 13 Years

One of China’s largest technology companies, Tencent Holdings Ltd., published its quarterly results on August 15, showing a year-over-year profit drop for the first time in 13 years.

Ep. 16: Bike-sharing in China, Part 2: Mobike and the Future of Personal Transportation

This episode of TechBuzz China is our second of two focused on bike-sharing in China.

2018 Fortune Global 500 List Released: 120 Chinese Companies on the List

Fortune Magazine published on July 19 its annual global list of 500 corporations. This year, 120 Chinese companies made the cut, which makes China a close second to the U.S. with 126 companies.

Pinduoduo Plans to Raise a Maximum of $1.87 Billion in U.S. IPO

China’s new e-commerce platform, Pinduoduo, plans to raise a maximum of $1.87 billion through its listing on the NASDAQ Global Select section, according to its updated prospectus to the U.S. Securities and Exchange Commission (SEC).

Ep. 13: JD, Google, and the War for the Rest of the World

On June 18, JD.com concluded its annual shopping festival with a transaction volume of around US$24.5 billion. On the same day, the e-commerce platform also announced an investment from Google of $550 million. What does this new alliance mean? Listen to latest episode from TechBuzz China to find out!

Why the Baidu App Changed Its Slogan

Baidu Inc. recently added a new feature displaying information flow to its mobile browser app and changed the app’s slogan along the way. This is among the latest moves by Chinese tech companies merging key functions into their mobile application services.

Tencent to Spin off its Music Division for an IPO in the U.S.

Tencent Holdings Limited announced on July 8 night that the company will spin off and list its online music entertainment business, Tencent Music Entertainment Group in the United States.

Tencent Adding Another Pearl in India? Firstcry Rumored to Raise $150 Million in Fresh Funding

India’s largest baby products retailer Firstcry (Brainbees Solutions Pvt Ltd) is reportedly in talks to several investors to raise up to $100-150 million. According to people aware of the development, the Mahindra group-backed retailer has revived talks with Singapore state investment firm Temasek Holdings.

Beijing’s Online Children Education Platform, VIPKid Completes $500 Million of Financing

VIPKid, the online children education brand has confirmed completion of its Series D+ round of financing with relevant details disclosed.

Ep. 9: Online Spat to Lawsuit Spree: Inside Tencent and Toutiao’s Escalating War

Earlier this month, Tencent sued Bytedance, better known as Toutiao, for 1 RMB and Toutiao fought back by suing Tencent for 90 million RMB. What sparked the feud between the David and Goliath of the Chinese tech world? Listen to this week’s episode of TechBuzz China by Pandaily to find out!

Live-streaming Platform Douyu TV Rumored to IPO Next Month at $700 Million

According to Chinese media reports, the popular live-streaming platform Douyu TV, is rumored to go public in Hong Kong next month at a valuation of $700 million.

Walmart and Tencent Signs Strategic Partnership to Create Digital Retail Benchmark in China

On June 7, Walmart China and Tencent jointly an in-depth strategic partnership in future digital retail.

Toutiao Fights Back by Suing Tencent for 90 million

Last week, Tencent filed a lawsuit against Toutiao asking for a token compensation of 1 yuan, or 15 cents USD. A week later on June 1st, Toutiao filed a lawsuit against Tencent to retaliate, but with a demand of 90 million yuan (US$14 million) in compensation.

Tencent files lawsuit against Toutiao for 1 yuan

Tencent filed lawsuits in Beijing on Friday against Beijing Bytedance Technology Co Ltd, the owner of Jinri Toutiao and weiboshijie Ltd, parent company of Douyin, claiming 1 yuan for compensation and demanding public apologies from the two companies to publish on these two new media platforms.

Top 100 Global Brands of 2018: Tencent, Alibaba in the Top 10

China’s Tencent and Alibaba stayed among the top 10 of the 2018 BrandZ Top 100 Most Valuable Global Brands ranking released by WPP and Kantar Millward Brown on Tuesday.

Tencent’s 30 Million Yuan Investment to Alleged Plagiarizer “Chaping” Returned after Public Outcry

Chaping, an independent tech media on Tencent‘s WeChat platform, announced on Monday that it will voluntarily refund the investment to Tencent after an online outcry about its series A funding from the Chinese tech giant.

Is Germany WeChat’s Backdoor to Western Consumers’ Wallets?

Lately I have been thinking about how Tencent’s WeChat can enter other markets. It has been a tremendous success in China with more than one billion users. Together with Alipay, mobile payment has turned Chinese society from a society where people carry large wads of cash, to one which is largely cashless, all within the […]