Tencent

Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking.

Is Whatsapp going to open doors for Facebook in China?

This Wednesday, Feb. 19, 2014 photo shows the WhatsApp and Facebook app icons on an iPhone in New York. Photo: AP

I haven't written about Facebook (Nasdaq: FB) in a while, mostly because the company hasn't made any concrete moves into China lately despite previous assertions that it would like to enter the market.

Tuesday, 21 April, 2015, 11:14am 3 comments

Facebook buys WhatsApp for US$19 billion

'No one in the history of the world has ever done something like this,' Mark Zuckerberg said. Photo: Reuters

Facebook will buy fast-growing mobile-messaging startup WhatsApp for US$19 billion in cash and stock in a landmark deal that places the world’s largest social network closer to the heart of mobile communications and may bring younger users into the fold.

21 Apr 2015 - 11:14am 6 comments

Tencent buys 20pc stake in consumer review site Dianping

Tencent buys 20pc stake in consumer review site Dianping

Mainland social media leader Tencent Holdings has bought 20 per cent of Dianping, China's counterpart to the American review site Yelp, Tencent said in a filing to the Hong Kong stock exchange yesterday.

The statement did not say how much Tencent paid for the stake although mainland papers reported it ranged from US$400 million to US$500 million.

20 Feb 2014 - 1:16am

Tencent channel falls for The Onion's Olympics sex spoof

Perhaps the tamest scene from The Onion's Olympics sex spoof.

Tencent, Asia's biggest internet company, has fallen for a spoof news report about athletes having huge amounts of sex at the Sochi Winter Olympics.

17 Feb 2014 - 3:57am 1 comment

Alibaba, Sina cast envious eyes on Tencent's 'Hongbao'

A screenshot of a message page on the Wechat app telling the user he or she has won a hongbao, or "red envelope" via the app.

Things have certainly changed over the last 3 years in Lunar New Year messaging, as reflected by the flood of tech executives using their microblogs to weigh in on Tencent's (HKEx: 700) launch of a

6 Feb 2014 - 2:01pm

Popular Chinese taxi-booking apps leave smartphone-free travellers out in the cold

Taxi drivers queue up at the taxi stand at the shopping area in Beijing. Photo: Robert Ng

While millions of internet-savvy Chinese mainlanders benefit from escalating competition between two rapidly-growing taxi mobile applications fighting for dominance in the market, those without smartphones have found hailing a taxi in the street more difficult than ever.

30 Jan 2014 - 3:46pm

Mapping China's byways: Tencent street view fleet heads down new roads

Mapping China's byways: Tencent street view fleet heads down new roads

Tencent, Asia's largest internet company, is expanding its maps function by dispatching a fleet of camera cars to create the most comprehensive street view on the mainland.

30 Jan 2014 - 5:07am

China's online giants Alibaba and Tencent go head to head

Online retailing giant Alibaba is moving into the social media market to compete against industry leader Tencent's WeChat. Photo: AFP

The rivalry between mainland internet giants Alibaba and Tencent is heating up and could lead to a shifting of tectonic plates in the world's largest internet market.

18 Jan 2014 - 1:30am

Tencent launch powers shares to fresh record

Tencent teamed up with Huaxia Bank to roll out the financial product called Licaitong through WeChat, which has 272 million monthly active users.

Shares in mainland internet giant Tencent shares rallied to a record yesterday, sparked by the launch of its first financial services product on its mobile messaging app WeChat to compete against Alibaba Group.

17 Jan 2014 - 4:37am

Tencent eyes e-commerce presence

Tencent eyes e-commerce presence

Mainland internet firm Tencent said it will spend HK$1.5 billion to expand its integrated logistics and e-commerce capabilities through the purchase of a 9.9 per cent stake in Hong Kong-listed warehousing and trade centre operator China South City Holdings.

16 Jan 2014 - 2:37am

Tencent invests in Chinese taxi app

Tencent was one of the investors in Didi Taxi's US$100 million fund-raising effort.

Tencent, Asia's largest internet company, invested in the mainland's cab reservation app Didi Taxi as part of plans to promote its payment service to users accessing the web through mobile devices.

10 Jan 2014 - 1:28am

New Alibaba platform offers mobile game developers bigger payout

New Alibaba platform offers mobile game developers bigger payout

Alibaba will give developers the lion's share of the cut from games offered on a mobile platform that will open up a new front in its rivalry with fellow mainland e-commerce giant Tencent.

21 Apr 2015 - 11:20am 1 comment

How firms are using 'black PR' to tear down their rivals

Popular online services such as WeChat and Weibo have become the new battleground for black PR as feuding companies take their rivalry into social media. Photo: Reuters

What’s in a name? A fortune, if you can trash it.

4 Jan 2014 - 4:25am 1 comment

Chinese giants lead the pack as industry cashes up

Baidu sold bonds in July to build a war chest for deals. Photo: Reuters

Chinese internet giants Alibaba, Baidu, and Tencent have spent a record US$7.4 billion on acquisitions this year, and their smaller listed peers are raising capital faster than ever to join the technology deal rush.

21 Dec 2013 - 2:52am

Tencent to invest 10b yuan in Qianhai

Tencent said it would invest at least 10 billion yuan (HK$12.69 billion) in Qianhai. Photo: Reuters

Tencent Holdings, Asia's largest internet company, will set up e-commerce and internet finance companies in Shenzhen's Qianhai economic zone to tap the mainland's testing ground for more liberal financial policies.

13 Dec 2013 - 5:39pm 1 comment