• Thu
  • Apr 24, 2014
  • Updated: 10:54am


Founded in November, 1998, Tencent has grown into one of China’s largest Internet service portals. Its platforms include QQ (QQ Instant Messenger), QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay, and span communication, information, entertainment, e-commerce and others. As of September 30, 2011, it said its active QQ user accounts for QQ IM stood at 711.7 million. Tencent listed in Hong Kong in 2004.

Tencent to bolster expansion plans with record bond sale

Internet giant Tencent will move a step closer to firming up its expansion initiatives this year after completing next week a dual-tranche notes offering worth US$2.5 billion, which marks the biggest bond issue by a technology company in Asia, excluding Japan.

Thursday, 24 April, 2014, 8:47am

Alibaba, Tencent take rivalry to mobile network services

The proverbial battle for the hearts and minds of mainland consumers between Alibaba and Tencent will soon play out in a vast new market for the two companies: mobile network services.

21 Apr 2014 - 6:43pm

Tencent primed for more M&A deals after big bond issue

When Tencent president Martin Lau Chi-ping was asked at a press conference last month about the company's growing rivalry with Alibaba, he described the media's portrayal of normal industry competition as "melodramatic".

12 Apr 2014 - 12:59am

Baidu cautious on acquisitions as giants rush to strike deals

China's internet sector recorded its busiest period for mergers and acquisitions last year as cash-rich online giants Tencent, Alibaba and Baidu led the way with a spate of major transactions.

11 Apr 2014 - 6:08pm

Tencent stays ahead of the game

While its online finance, e-commerce and mobile messaging initiatives are closely watched by investors, Tencent has kept its focus on making large bets in its interactive games business to bolster revenue growth.

7 Apr 2014 - 5:11am

Alibaba IPO poised for reality check as internet stocks decline

Red-hot optimism over e-commerce giant Alibaba Group's upcoming initial public offering in the United States could give way to a reality check after shares of Tencent, Asia's largest listed internet company, reached a two-month low in trading yesterday.

5 Apr 2014 - 1:54am 1 comment

PBOC halts plans by Tencent, Alibaba for virtual credit cards

News that the People's Bank of China had halted plans by mainland internet giants Alibaba and Tencent to offer virtual credit cards sent Tencent shares tumbling yesterday, along with those of partner China Citic Bank.

15 Mar 2014 - 12:39am 2 comments

Fresh China media crackdown hits popular accounts on Tencent's WeChat

At least a dozen popular public WeChat accounts - some followed by hundreds of thousands subscribers - were shut down or suspended yesterday. Some of the accounts were operated by popular columnists, such as Xu Danei and Luo Changping, or by online news outlets, such as NetEase.

14 Mar 2014 - 9:29am 2 comments

Tencent-JD.com alliance intensifies e-commerce challenge to Alibaba

The mainland's rapidly expanding e-commerce landscape is poised for a seismic shift after Tencent agreed to acquire a 15 per cent stake in online retail platform JD.com for US$214.66 million, ratcheting up their challenge to market leader and common rival Alibaba Group.

11 Mar 2014 - 12:37am

China mobile payments market to expand as Tencent-Alibaba rivalry heats up

While the mainland's banking industry remains behind those of more developed economies, the country is witnessing a rapid expansion in its online and mobile payment market as competition intensifies in the internet sector.

10 Mar 2014 - 9:41am