Page 2 - Tencent

Tencent buys stake worth $264 mn in Flipkart from co-founder Binny Bansal

Binny Bansal now holds 1.84% in Flipkart after this deal with Tencent Cloud Europe BV

Tencent buys stake worth Rs 2,060 cr in Flipkart from Binny Bansal

Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV

Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak

Curbs on investment by Chinese investors a major roadblock

Tencent to shut down its game streaming service Penguin Esports

Twitch-like Penguin Esports never achieved a substantial market share in China

Tencent, Alibaba jump over 20% as govt assures stability and support

The HSI surged more than 9 per cent to above the 20,000-point mark

Tech giants Alibaba, Tencent likely to trim workforce by up to 30%

It is rumoured in the Chinese social media platform Weibo that tech giants Alibaba and Tencent employees are expecting around 30 per cent job cuts

Tencent dives 10% on report of record fine for money laundering

Tencent itself has thus far mostly escaped formal regulatory action

Singapore flags concern to India over ban on Sea's game: Report

Singapore has raised concerns with India about its ban of popular gaming app "Free Fire", owned by technology group Sea Ltd

US adds e-comm sites operated by Tencent, Alibaba to 'notorious list'

E-commerce sites operated by China's Tencent Holdings Ltd and Alibaba Group Holding Ltd were added to the US government's latest "notorious markets" list

US adds Alibaba, Tencent to list of businesses that trade counterfeit goods

The US trade agency says they "engage in or facilitate substantial trademark counterfeiting or copyright privacy".

US adds e-commerce sites by Tencent, Alibaba to 'notorious markets' list

The list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy

Govt bans 54 Chinese apps for security concern about data: Report

India has since June 2020 banned some 224 Chinese bans for national security reasons

Tencent to acquire Xiaomi-backed Black Shark for $470mn: Report

Tencent Games, the world's largest gaming company with hits like PUBG: Mobile and Arena of Valor, is reportedly planning to acquire Xiaomi's BlackShark Gaming division

Tencent posts slowest revenue growth since 2004 amid regulatory crackdown

Revenue climbed 13% to 142.4 billion yuan, slightly below expectations, and was the slowest quarterly growth since the company went public in 2004

China likely to allow rivals access Tencent, ByteDance content

It's also considering making short videos from ByteDance's Douyin - TikTok's Chinese cousin - show up in searches

Gaming giants lose $60 billion on China's sermon against profit

Regulators slow down nod for new online games; warning against metaverse stocks, too

China's IT ministry targets 43 apps including Tencent's WeChat

China's Ministry of Industry and Information Technology (MIIT) said on Wednesday it found 43 apps had harrassed users and ordered their parent companies to make rectifications.

Amid crackdown, China's Tencent to review kids' use of WeChat

China's biggest gaming company, Tencent, said it would review whether it adequately limits children's access to live streaming and other features

Tencent boss Pony Ma loses $14 billion in crackdown, more than Jack Ma

While Pony has long had a reputation for staying out of the limelight, that hasn't shielded his company from penalties including antitrust fines and the loss of exclusive music streaming rights

China's Tencent limits gaming for minors after media outcry

Tencent's pledge to curb gaming for minors came hours after the company's stock plunged as much as 11% following a critique