• Sun
  • Sep 21, 2014
  • Updated: 3:46am


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.

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.

Saturday, 5 April, 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

WeChat’s latest viral hit in China: health insurance

Over a month after Tencent’s WeChat scored a hit in China with its Lunar New Year red envelope gifting feature, another promotion has gone viral on the messaging app -  health insurance.

6 Mar 2014 - 7:05pm 2 comments

Tencent brings its popular messaging app to desktops with WeChat for Mac

Tencent has expanded its reach from mobile phones to desktop computers by officially announcing a native Mac version of WeChat, its popular messaging app.

28 Feb 2014 - 7:52pm

Fund managers cast wary eye on valuations of Chinese internet firms

Fund managers in Hong Kong have turned cautious on China's red-hot internet sector as valuations for such firms approach nosebleed levels.

4 Mar 2014 - 2:25pm

Chinese insurers eye opportunities in online payment services

Payment platforms have emerged as a new battlefield for Chinese insurers, who see internet finance as being increasingly lucrative, but their ambitions could be hindered by concerns over cost and competition from e-commerce giants, analysts said.

28 Feb 2014 - 8:17am

Meet Weishi, Tencent's version of Vine

While short video sharing apps such as Twitter’s Vine have increasingly won over western fans, Chinese app users have largely limited the majority of their internet communication to static text and images.

26 Feb 2014 - 9:07pm