Tencent Archives - Page 17 of 19

Tencent Starts Internet Insurance Business

According to the official website of the China Insurance Regulatory Commission (CIRC), Weimin Insurance Agency was approved to operate insurance agency business. 57.8% of its share is held by Tencent. The businesses that CIRC approves Weimin Insurance Agency to operate are agents selling insurance products, charging insurance premium, the loss survey and claims related insurance […]

Lei Jun says Xiaomi’s monthly smartphone shipment in Q4 will exceed 10 million

Lei Jun, Xiaomi’s founder and CEO, said in Weibo that the global shipment of Xiaomi’s smartphones exceeded 10 million and that the company aims at 10 million-odd smartphones shipment each month in the fourth quarter. “It is the first time Xiaomi shipped over 10 million smartphones in a month, which is a milestone for our […]

Jack Ma Just Ate His Own Words

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like […]

A Chinese Startup Argued Alibaba’s Taobao Plagiarized

On September 29, a netizen called Wu Liang released an article titled In Today’s Version of Alibaba Baba and Forty Thieves, Alibaba itself is Forty Thieves on Zhihu, claiming “Alibaba unexpectedly took our technical proposal in the name of the cooperation and completely copied our app.” According to ‘Wu Liang’, the “smart skin quality measurement”（智能测肤） […]

Didi made a strategic investment to Renren Car

On September 25th in 2017, China’s leading second-hand car dealer Renren Car announced a new round of financing of $200 million to support its rapid expansion strategy. The strategic investor is the world’s leading travel platform Didi Chuxing. The two sides will also have all-round in-depth cooperation around the auto-industry, jointly build a new trading […]

ofo Investor Says it is Profitable Only When Mobike Merges with ofo

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 […]

Tencent is Setting Up Advertising Division in Silicon Valley

Outline: WeChat is expanding into the U.S. market. Tencent will offer advertising services to American brands that want access to Chinese consumers. Tencent is setting up an advertising division in Palo Alto, CA., aiming to promote its services to U.S. enterprises. “Advertisers can spend some budget in gaining brand awareness in China,” said Yang Baoshu, […]

Tencent Strategically Invested Chinese Broker CICC

On the evening of Today (September 20), China International Capital Corporation Limited (CICC) announced in Hong Kong Exchanges and Clearing Limited (HKEx) that Tencent as strategic investors subscribed 207.5 million shares of CICC, accounting for 12.01% of CICC H shares and 4.95% of the total share. The subscription price is 13.80 HKD per share. The […]

Miss Fresh Completed $230 Million Financing, focusing on the “Cloud Refrigerator” Strategy

Introduction: From IYIOU.com on September 20. Miss Fresh(每日优鲜), an e-commerce fresh product company, announced that it had completed $230 million dollars C+ round financing in March this year, with Tiger Global and Genesis Capital as leading investors and Time Capital as joint investor. This round of financing is mainly used for the expansion of storehouses […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Apple tax won’t influence live-streaming platforms

Abstract: Apple has canceled the 30% “Apple tax” once attacked by domestic application developers that provide content service. Recently, the updated Apple Store Review Guidelines showed that Apps may enable individual users to give a monetary gift to another individual without using in-app purchase, provided that (a) the gift is a completely optional choice by […]

Costco Must Overcome Three Challenges to Break into the Chinese Market

In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]

Apple will stop taxing in-app tipping, but how much content deserves customer’s tips?

Apple does give in on its tipping tax policy. On April 19th, wx-pai, Tencent’s official WeChat account, posted two notices in succession saying that the tip function of iOS’s WeChat platform will be closed. This news led to public guesses about the reason behind Tencent’s action. The widely acknowledged one is WeChat’s official explanation: According […]

Weibo will livestream League of Legends 2017 Global Finals

On September 13, Weibo announced that it became the official strategic cooperation partner of the League of Legends in China. Weibo will broadcast live coverage of the 2017 League of Legends world finals, which will be held from September 23 to November 4. At present, eight platforms will live broadcast 2017 League of Legends global […]

Beijing Tobacco Control Association Applauded Weibo’s Withdrawal of Smoking Emoji

Weibo withdrew the emoji that represents “cool” from the emoji stickers of its international version, indicating the phase-out of “smoking emoji” from Weibo’s mobile client and PC client. Beijing Tobacco Control Association (BTCA) applauded this act and urged Tencent to follow suit as soon as possible. “Ku” originated from “cool” of foreign culture, meaning “awesome, […]

Tencent and Alibaba Announces a Music Copyright Cooperation

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 […]

Pony Ma Says Tencent Will Invest Vigorously in Cloud Computing, AI and Big Data

Outline: Anything linked to cloud computing and AI will be involved with big data. The development of these technologies are undoubtedly where the future is headed towards. On September 8th, the Chairman and CEO of Tencent, Pony Ma, delivered a speech at the Tsinghua University Insight Forum. On the topic of the integration of business […]

Tencent Music Plans to Sell 3% Stock and the valuation is $10 billion now

Reported by Bloomberg on September 1. According to the informed resource, Tencent Music Entertainment Group plans to finish a new round of financing before its initial public offering (IPO), a valuation of $10 billion. Tencent Music is held by Tencent holding company. According to insider, Tencent Music plans sell 3% of its share to strategic […]

Rap of China Brings About Marriage Between Culture and Capital

The average seasonal production cost for a network variety show in China is between 20 and 60 million yuan under the current market conditions. By investing 200 million yuan into a music talent show, iQiyi is taking quite a gamble. Why exactly did iQiyi set its eyes on such a non-mainstream reality show? A guitar […]

Wechat Pay is Available in App Store and Apple Music

Since August 29, Wechat Pay is available for users in Chinese mainland to purchase in the App Store or subscribe in Apple Music. Users can choose to bind and to use Wechat Pay in related account settings in the App Store or the Apple Music, and choose password-free payment. Users could also set in iTunes […]

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