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.

Tencent prevails in anti-trust suit

Tencent headquarters is seen at Nanshan Hi-Tech Industrial Park in the southern Chinese city of Shenzhen. Photo: Reuters

I've often wondered these last few months about what happened to an anti-trust lawsuit filed against Tencent (

Friday, 29 March, 2013, 10:51am

Chairman adds to holdings in Dah Sing amid active trading

David Wong Shou-yeh

Buying rose for a fourth week while selling among directors was high for a third week, with 22 companies that recorded 86 purchases worth HK$541 million, against 10 firms with 44 disposals worth HK$49 million.

25 Mar 2013 - 3:37am

New WeChat platform attracts indie publishers, and censorship may be close behind

The CMS side of WeChat's public platform.

Political writers have repurposed Tencent's new WeChat enterprise accounts as mobile publishing platforms.

22 Mar 2013 - 2:20pm

Business Digest, March 1, 2013

RBS triples its loss, boss keeps bonus

Yuan deposits in Hong Kong climbed in January to within 0.5 per cent of a record as investors revived bets on the currency's appreciation given an improving outlook for economic growth on the mainland. 

1 Mar 2013 - 5:17am

Business Digest, February 23, 2013

Tencent stock hit after firm seeks user details

The euro-zone economy will shrink in back-to-back years for the first time as governments, consumers and firms curb spending, the European Commission said.

23 Feb 2013 - 6:36am

Former Google China chief banned from microblogging sites

Kai-Fu Lee

Former Google China president Kai-Fu Lee says he was temporarily banned from posting items on two of the mainland's most popular microblogging platforms. Without saying why he was banned, Lee posted a message on Twitter on Sunday saying: "I am silenced on Sina and Tencent [microblogs] for three days, so everyone can find me here."

19 Feb 2013 - 5:05am 1 comment

'Tis the season to reorganize

Tencent Holdings Limited Chairman & CEO Pony Ma at a results announcement in Hong Kong on March 16, 2011. Photo: SCMP

Bottom line: The wave of reorganisations sweeping major Chinese web firms is likely to result in a period of management turmoil, resulting in less innovation on the Internet.

30 Jan 2013 - 12:13pm

SMS at start of long decline for China telcos

The number of SMS messages sent by Chinese mobile users rose a scant 2 per cent last year. Photo: AFP

New government data on mobile text messaging, also known as SMS, is underscoring how this former cash cow for China's telcos is quickly losing its audience.

29 Jan 2013 - 10:40am

300 million and clicking - Tencent's web chat service a hit

A billboard claiming WeChat the No 1 application. Photo: Thomas Yau

Launched just two years ago, mobile instant-message application WeChat, developed by mainland internet giant Tencent, now has 300 million registered users, according to the company.

Ahead of its second anniversary on Monday, WeChat says its user base has far outpaced its competitors on the mainland.

18 Jan 2013 - 5:27am

China Mobile muscles Tencent into revenue sharing talks

A billboard of Tencent's popular mobile instant messaging service WeChat, better known by its Chinese name Weixin, in Hong Kong. Photo: Thomas Yau

Just a few weeks after China Mobile complained that Tencent was stealing its text messaging business, we're getting word that the two companies may have started talks for a revenue sharing agreement to resolve the dispute.

2 Jan 2013 - 9:38am

Alibaba celebrates 1.2 million users on Taobao in Hong Kong

Alibaba wants to drive more HK shoppers online. Photo: Reuters

Mainland e-commerce giant Alibaba Group said its customer-to-customer online trading platform Taobao has been growing robustly in Hong Kong.

Group spokeswoman Florence Shih said: "With more than 800 million product listings at any given time, consumers can select and purchase products they may be unable to find in their local markets."

11 Dec 2012 - 3:38am

China Mobile 3G stable, weighs Fetion move

A man talks on a mobile phone featuring a Chinese flag near Tiananmen Square in Beijing on November 13, 2012. Photo: AFP

China's 3G market is stabilising in terms of market share, with a more balanced field among the 3 major telcos emerging as Beijing gets set to issue 4G licences.

21 Nov 2012 - 12:15pm

Tencent's GroupNet: a group buying consolidator

GroupNet's role as consolidator in China's group buying space could grow, backed by its strong ties to Tencent and following its raising of $40 million in new funds for acquisitions. Photo: Reuters

The long awaited clean-up of China's cluttered group buying sector appears to be accelerating, with new reports that a potential cash-rich consolidator has emerged in the form of GroupNet, which is itself the product of the merger earlier this year between former mid-sized players FTuan and Gaopeng.

30 Oct 2012 - 10:45am 1 comment

Taiwan opposition voice security fears over WeChat launch

Photo: Thomas Yau

Mainland-based internet service portal Tencent marked its debut in Taiwan yesterday with the introduction of its WeChat mobile messaging application.

However, opposition legislators greeted the launch with concern, saying they were worried the application might threaten individuals' privacy and the island's security if messages sent by users were spied upon.

19 Oct 2012 - 10:39am

Tencent E-Commerce: Price Wars II?

Pony Ma's Tencent Holdings Limited, China's biggest internet company, looks to muscle into the already over-crowded Chinese e-commerce market. Photo: David Wong

Less than two months after the latest flare-up in an ongoing battle for supremacy of China's e-commerce market, we're getting word that Tencent, a relative newcomer to the sector, may be preparing to turn up the heat again...

10 Oct 2012 - 11:09am