Tencent Holdings

Tencent already owns about 10 per cent stake in Ubisoft, and it has now partly acquired Ubisoft's subsidiary unit that will run franchises like Assassin's Creed, Far Cry, and Tom Clancy

TSMC shares have dropped 11 per cent this year, falling alongside global chip stocks like Nvidia Corp. as concerns mount over the sector's frothy valuations

The US Defence Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world's biggest battery maker CATL, to a list of companies it says have ties to China's military, prompting some to protest and say they will seek to have the decision reversed. The US has in recent years sought to restrict sharing of advanced technology, including semiconductors and artificial intelligence, deeming it to be a threat to national security. The Defence Department updates its list of Chinese Military Companies, or CMC list, annually. With the latest revision it includes 134 companies. The National Defence Authorisation Act of 2024 bans the Department of Defence from dealing with the designated companies beginning in June 2026. Tencent's Hong Kong-traded shares fell 7.3 per cent on Tuesday and the company said it would initiate a reconsideration process to correct this mistake, seek talks with the Defence ...

Chinese conglomerate Tencent on Thursday sold a 2.1 per cent stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF) and Societe Generale (SocGen) picked up stake in the company. Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent. Meanwhile, SBI MF, Axis MF, Mirae Asset MF, ICICI Prudential Life Insurance, HDFC Life Insurance, Europacific Growth Fund, Goldman Sachs Singapore, Copthall Mauritius Investment, Ghisallo Master Fund LP, SocGen, and British hedge fund Marshall Wace were among the buyers of PB ..

The top gaming regulator on Friday published draft rules broadly designed to clamp down on practices that encourage players to spend more money and time online

The 39-year-old CEO Chen Shaojie made his last public appearance in August when he spoke on the company's quarterly earnings conference call with financial analysts, the report said.

Bailing will be applied to Ant's various services and help with innovation, Xu Peng, vice president of Ant Group said in a statement on Monday

Company executives and government officials are counting on esports as an instrumental part of their post-Covid comeback

Billionaire entrepreneurs, mid-level engineers and veterans of foreign firms alike now harbor a remarkably consistent ambition: to outdo China's geopolitical rival in a technology

It was only the second time the Chinese tech giant gained licences for blockbuster titles since Beijing resumed issuing them in April

Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses

Food-delivery service Meituan is among the assets that are in the pipeline for divestment, the paper reported.

Revenue from online games decreased both at home and abroad by 1%

Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake

Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company's biggest shareholder, will unload its stock

Tencent Holdings's revenue grew at the slowest pace since its 2004 listing, showing the financial toll of China's crackdown on its most lucrative businesses from gaming to advertising.

The potential move would present a fresh hurdle for Tencent, which along with other internet firms was told in 2021 to cordon off financial services from its main business.

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

Tencent itself has thus far mostly escaped formal regulatory action

Traders pointed to everything from warnings from regulators over the weekend about scams in the metaverse