Tencent Archives - Page 9 of 19

Alibaba, Tencent, ByteDance Summoned by Chinese Internet Regulator over Voice Software and “Deep-fake” Technology

China’s internet regulator held talks with 11 heavyweight tech companies to discuss the firms’ use of voice-based social platforms and “deep-fake” technology.

ByteDance’s Douyin Sues Tencent for Monopolistic Practices on WeChat and QQ

The persistent war of anti-monopoly has been fueling up as ByteDance’s Douyin on Feb. 2 announced to sue tech giant Tencent for restricting users to share Douyin content on WeChat and QQ.

Kuaishou Hit by Music Copyright Dispute Ahead of Hong Kong Listing

A Chinese government-backed organization has asked Kuaishou to take down 10,000 videos due to infringement of music copyrights, days before the company’s IPO in Hong Kong.

Waterdrop Plans for US IPO in First Quarter of 2021, Expected to Raise $500M

Chinese online InsurTech company Waterdrop Inc. is planning for an initial public offering in the US in the first quarter of 2021, expected to raise approximately $500 million.

Chinese Variety Store Miniso Seeks Global Expansion with Soaring Shares in IPO

Chinese discount retailer Miniso saw a robust NYSE debut on Thursday, raising $608 million with its stock rising as high as $24.90, well above its price range of $16.50 to $18.50.

Tencent Hires Former Obama Administration Counsel as Lobbyist While Trump Targets WeChat

Tencent has hired a Washington lobbying firm, making its first move in Washington just one day after US President Donald Trump threatened to ban its social media app WeChat, according to Politico.

Tencent-backed Game Streaming Site DouYu Reports Solid Earnings in Q2 Under Potential Merger with Huya

Chinese game-centric live streaming platform DouYu International (Nasdaq: DOYU), Monday reported a 33.9% year-on-year increase in total net revenues in the second quarter of 2020, beating the company’s previous estimate.

Tencent to Merge Douyu and Huya to Compete with Bilibili and Kuaishou

Tencent is planning to consolidate Huya and Douyu, the two biggest gaming-focused live-streaming platforms in China.

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’s Peacekeeping Elite Partners With Tesla, ‘Model 3’ to Become New In-Game Vehicle

U.S. electric vehicle Tesla has partnered with China’s largest game publisher Tencent Games for Peacekeeper Elite, one of the most profitable mobile games in the world.

Chili Sauce Maker Lao Gan Ma Claims No Contract With Tencent After Court Loss

Chinese condiment giant Guiyang Nanming Lao Gan Ma Flavored Food Co., Ltd. said on Tuesday it never had any commercial cooperation with Tencent.

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.

Tencent Rolls Out 24-Hour Livestreaming Platform for First Virtual Canton Fair

While the COVID-19 pandemic prevented 127th China Import and Export Fair from taking place, Tencent transformed it into a cloud exhibition.

China VC Weekly: Background Checks, Cloud Services and Enterprise Resource Planning

Enterprise services were the center of attention last week.

Kuaishou Struggles to Go Global in a World Obsessed with TikTok

As TikTok seizes more territory around the world, its archrival Kuashou that so far hasn’t been as successful internationally is ramping up efforts to narrow the gap with its competitor.

China VC Weekly: Semiconductors, Mobility, Home Furnishing and More

Within the course of the past week, several prominent Chinese companies made fundraising announcements.

Tencent-backed Livestreaming Platform Douyu Helps Revive Sales of Hubei Products

Tencent-backed video game livestreaming platform Douyu has helped revive sales of products from Hubei，the province hardest hit by the coronavirus outbreak in China, through a four-day e-commerce livestreaming campaign.

China VC Weekly: Airwallex Scores Big Despite COVID-19

Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.

China VC Weekly: HeyTea’s Rumored RMB 16B Valuation and Big Week for Enterprise Service Providers

AI, Big Data, Telematics and Logistics services caught investors’ attention and raised significant funds, hinting at a bright future for such services in the digitizing world.

Tencent-backed Free Healthcare Platform WeDoctor Offers Bilingual Real-time COVID-19 Medical Consultations

Tencent-backed WeDoctor is now offering real-time free COVID-19 consultations, providing both English and Chinese medical services to global users.

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