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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.
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.
The intervention by Chinese policymakers to calm panic is welcome but took too long, writes Wang Xiangwei.
- Tencent cited ‘irregularities in the cloud application programming interface’ as the reason behind disruptions that affected at least 1,957 clients on April 8
- China’s cloud services market grew 16 per cent in 2023, compared with 10 per cent growth in 2022, according to a report by Canalys last month
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.
The initiative seeks to ‘lower the threshold of cloud services for more enterprises and developers’ in mainland China, where artificial intelligence development projects are driving demand.
The increased interest in bitcoin reflects how a community of cryptocurrency enthusiasts on the mainland continues to thrive, despite a sweeping government ban.
China grants licences to more than 100 new domestic titles, giving the industry another confidence boost after a video-game-related stock rout in December.
An engineer who worked on Google’s VideoPoet video generation technology has joined TikTok owner ByteDance, as Big Tech companies race to advance generative AI tools.
The introduction of Sora has forced China’s AI industry to again grapple with how it will catch up to the latest tech in the face of escalating US sanctions.
Tuhu Car, a Chinese car maintenance and repair company listed in Hong Kong, said it expects its financial results for 2023 to reflect a turnaround in its business as a post-pandemic rebound in domestic travel boosted demand for its services.
Tencent and ByteDance each had two apps in the top five, with four of the five being more than a decade old, according to MIIT report on Lunar New Year period usage.
At least 18 South Korean video games have been granted licences for commercial release in mainland China since late 2022.
Tencent is working with the Ministry of Culture and Tourism to use digital technology to renew traditional Chinese opera, starting with the story of legendary heroine Hua Mulan.
IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.
