Tencent Denies Rumors of Negotiations with J&T Express to Raise $1 Billion
J&T Express is reportedly negotiating with Tencent Holdings to potentially raise $1 billion. Tencent announced on Wednesday that the rumor was not true.
9/1/20212 min read
Tag: #Tencent
Showing 12 of 381 posts with this tag
Tencent Responds to Reports It Plans to Sell Stake in Meituan
In the afternoon of August 16, the Hong Kong shares of Chinese food delivery giant Meituan fell by 10% after it was reported that its shareholder Tencent is planning to sell all or most of its $24 billion shares.
Tencent's NFT Trading Platform Huanhe Embattled in Copyright Dispute
Huanhe, an NFT trading platform owned by Tencent, released on Monday a series of digital ink horse collections based on artworks by Xu Beihong, a famous Chinese painter, causing a copyright dispute.
Tencent Shuts Down QQ Tang Game 17 Years After Launch
Chinese internet firm Tencent announced Wednesday that its well-known game "QQ Tang" will officially cease operations in the Chinese mainland, and the game server was closed at 11 a.m. today.
Pony Ma: 'Too Much Competition With Jack is Annoying'
"Jack Ma and I have known each other for many years, since the time when we were still underdogs. Now our competition is omnipresent in the Internet industry." ...
Alipay, WeChat Pay Enter Southeast Asia and Local Mobile Payment Market
Ant Financial announced in Hong Kong that four local wallets in Hong Kong, Thailand, India and the Philippines – Alipay HK, Paytm, GCash, and Truemoney – partic...
Prosus Continues to Reduce Its Stake in Tencent
Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.
After fighting with Baidu, JD.com may join the BAT Group
JD's (京东）closing price on June 26 was $43.08, raising their total market value to $61.149 billion. They are quickly approaching to Baidu's total market value o...
Richard Liu Criticizes Internet Monopoly: Unfortune for China if still BAT Decade Later
"The Internet is a natural monopoly industry, and if it is still dominated by Baidu, Alibaba and Tencent in a decade, it will be most unfortunate for China," Ri...
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.
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 late...
WeChat’s New Paywall Function Is the Future of Online Content, Even if It Makes You Angry
Having arguably a better understanding of Chinese consumers than any other company in the world, WeChat came up with a witty solution to cracking the local mentality.