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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.
China officially connected to the internet in April 1994. Today, its online influence is stronger than ever.
Foreigners having trouble making mobile payments in China is just a trivial issue when it comes to the cost of its walled internet.
With the crackdown on fintech firms over, the sector must look forward and realise its full potential in driving China’s recovery.
Trades in local dollar or yuan in city stock market will offer greater choice to those investors seeking to diversify not only in shares but also currencies.
- Index heavyweights Tencent and Alibaba top the turnover list with their shares rising 1.2 per cent and 4.1 per cent on Friday, respectively
- Sentiment remains upbeat after China’s top policymakers signalled further support to economic growth at the Politburo meeting on April 30
Across 16 sectors, artificial intelligence unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion.
Vidu, launched by Beijing-based start-up Shengshu Technology and Tsinghua University, can generate 1080p videos as long as 16 seconds.
The owner of TikTok and its Chinese sibling Douyin has internally disclosed 61 misconduct cases involving employees who were fired or charged by authorities.
This was the smallest batch of video games approved so far this year by regulator the National Press and Publication Administration.
The Chinese tech giant already counts more than 100 carmakers and various automotive industry players as partners.
Hong Kong stocks rose for a third day after earnings optimism drove the benchmark Hang Seng Index to a five-month high.
A forum to mark the 30-year anniversary of China’s access to the global internet brought together regulators and Big Tech executives, as Beijing moves to boost the private sector amid a mixed economy recovery.
Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.
The first global standards specifically covering GenAI and LLM released on Tuesday are a joint effort between Ant Group, Baidu, Tencent, OpenAI, Microsoft, Nvidia and others.
Among those to sign partnership deals with Hong Kong-Shenzhen Innovation and Technology Park are top firms from nine major economies.
Tencent has blamed ‘irregularities’ in its cloud service hub for a breakdown last week, in a bid to soothe user concerns amid intensifying competition and rising demand in the domestic market.
Amid rising geopolitical tensions, most of the top 30 investors that invested in Chinese unicorns are based within the country.
Chinese regulators have stepped up scrutiny of online attacks targeting domestic entrepreneurs, as Beijing looks to restore private-sector confidence to revive a sluggish post-Covid economy.
Pinduoduo founder Colin Huang grew his wealth by 71 per cent to become the richest Chinese tech entrepreneur, aided by a rally in its US-listed shares.
BitTorrent downloads topped 90,500 on the first day of release, far surpassing those of other popular Netflix series like Squid Game and Stranger Things.
Comments made by top executives this earnings season have offered a glimpse into the progress made by China’s Big Tech firms, after US start-up OpenAI launched in late 2022 its groundbreaking ChatGPT.
The first two months of 2024 were lucrative for the southern tech hub even as some of its biggest private players and industry champions remain under sanctions imposed by Washington.
Video game sales, traditionally Tencent’s strongest revenue driver, declined in the fourth quarter.
Follow-Your-Click, developed with researchers from universities in Hong Kong and Beijing, turns images and simple text prompts into short video clips amid Sora hype.
Tencent is said to have snapped up some of ByteDance’s ditched video gaming projects amid continued industry consolidation.
Start-ups and investors say attending Leap tech conference is about building relationships for a market seen as ‘like China in the late 90s’.
Ant Group’s Alipay and Tencent’s WeChat Pay are enhancing operations to make it easier for foreign travellers to pay for goods and services on the mainland, the world’s largest cashless society.
GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.
AMD had hoped to get Washington’s approval to sell to Chinese customers its MI309 processor, which performs at a lower level than what the company sells globally.
The MiniMax deal would mark Alibaba’s second major artificial intelligence start-up investment this year after leading Moonshot AI’s US$1 billion funding round in February.
Proposals like the one submitted by Zhihu CEO Zhou Yuan signal that policymakers are actively discussing how to boost the platform economy, analysts say.
Professors from China’s Peking University and Shenzhen-based AI company Rabbitpre have jointly launched an Open-Sora plan, with a page on GitHub.
