Tencent Holdings

China's Tencent buys stake in Ubisoft unit behind Assassin's Creed and more

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 risks losing lead as Asia's largest company to Tencent amid AI boom

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

Chinese tech giants Tencent, CATL protest US listings as army-linked cos

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 ...

Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick

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 ..

Tencent leads $80 billion rout as China gaming curbs revive crackdown fears

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

CEO of Tencent-backed Chinese live-streaming service DouYu goes missing

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.

Ant Group receives Chinese government nod to roll out AI services

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

19th Asian Games: Tencent at the wheel, esports gets its biggest moment

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

China's new obsession: Luring billionaires to catch US titans in AI race

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

Chinese tech giant Tencent Holdings wins approval for gaming blockbusters

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

Tencent to hand $20 billion Meituan stake to shareholders as sales slip

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

Tencent targets $14.5 bn in divestments of listed equity portfolio: Report

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

China's Tencent reports first-ever drop in revenue as economy sinks

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

China's Tencent Holdings may sell $24-billion stake in food delivery firm

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 Holdings top backer Prosus to cut $134 billion stake: Report

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 grows at slowest pace in 2 decades

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.

Chinese authorities mulls Tencent Holdings payments overhaul

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.

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

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 dives 10% on report of record fine for money laundering

Tencent itself has thus far mostly escaped formal regulatory action

Tencent Holdings leads China tech selloff amid fears of further crackdown

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