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11 Nov 2023

Meta To Sell Cheaper VR Headset In China: Report

The news comes amid weakening demand for VR hardware. Meta registered $34 billion in revenue in its third quarter, up 23 per cent from the same quarter last year.

18 Aug 2022

Chinese conglomerate Tencent fires 5.5K workers 1st time since going public

China's largest video gaming and social media company trimmed nearly 5,500 employees from its payroll in the second quarter amid a slowing economy, reports South China Morning Post.

11 Jul 2022

Alibaba and Tencent shares fall sharply after latest crackdown

Shares of Alibaba and Tencent fell sharply on Monday 5 of Alibaba's and 12 of Tencent's transactions violated anti-monopoly rules Increasing cases of coronavirus also shook investor sentiment: Francis Lun

12 Jun 2022

Tencent buys stake worth Rs 2060 crore in Flipkart from Binny Bansal

Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent. The transaction was completed on October 26, 2021. Tencent arm holds 0.72 per stake in Flipkart.

18 Aug 2021

PhonePe gets $50 mn from Tencent, plans to use funds out of India

PhonePe, which has full fledged operations in India only, plans to use the fund to support business transaction in Singapore. Flipkart continues to be the largest stakeholder in the company with 87.30 per cent stake followed by parent firm Walmart. Fund raised from Tencent will reportedly not be brought to India because of restrictions imposed under Press Note 3.

03 Aug 2021

Chinese media calls online gaming 'spiritual opium' and Tencent was the victim

Tencent's prices tumbled It happened due a newspaper report

05 Jun 2021

Nizamabad MP urges IT Minister to examine security issues of Battlegrounds

Krafton will store the date for Battlegrounds in Singapore and India. Battlegrounds is being marketed as an Indian game, developed only for India Krafton is allegedly controlled by Chinese company Tencent.

11 Jun 2020

PUBG's update 7.3 comes with C4, new vehicle damage mechanics and much more

In exciting news for millions of PUBG players around the world, there’s a new PlayerUnknown’s Battlegrounds update - 7.3 - coming to the game which will bring a new throwable called the C4.

26 Apr 2018

Alibaba, Baidu under fire for posting gender discriminatory job advertisements

These discriminatory hiring practices are linked to a shrinking proportion of women in the labor force.

17 Jan 2018

Apple, Tencent reach understanding over WeChat tips

Tips are a popular way for Chinese social network users to compensate content creators and Apple wanted a 30 percent cut of that revenue.

21 Nov 2017

China's Tencent overtakes Facebook in market value

The market movement made China's Tencent one of the world's top five most valuable companies, although it is still far short of leader Apple which is currently valued at $873 billion.

30 Aug 2017

Apple teams up with China's WeChat to accept payments

Following an agreement between Apple and Chinese company Tencent, the US-based company will allow payments through WeChat, one of the most popular payment systems in China, for its App Store and Apple Music.

Indian messaging app

11 Aug 2017

Hike messenger acquires startup firm Creo

Creo was founded in December 2013 by Sai Srinivas Kiran G and Shubham Malhotra. Both Srinivas and Malhotra were previously associated with Hike.

10 Aug 2017

SoftBank Vision Fund invest at least $2.5 billion in Flipkart, becomes largest shareholder in the firm

The investment is part of the previously announced financing round, where Flipkart had raised capital from China`s internet company Tencent, eBay and global technology giant Microsoft.

19 Jul 2017

Apple offers discounts to promote Apple Pay in China

The US-based Apple launched a campaign in China this week to promote its mobile payment platform and break the current duopoly of tech giants Tencent and Alibaba.

Finnish mobile game

16 Jun 2017

Angry Birds maker Rovio says IPO possible in future

Finnish mobile game and animation studio Rovio, maker of the Angry Birds game, said it could list on the stock exchange in the future, while declining comment on a media report that China`s Tencent Holdings was looking to acquire the company.

17 Nov 2016

Alibaba, Tencent back Chinese cyber law after facing overseas criticism from overseas tech rivals

China`s Alibaba Group Holding Ltd and Tencent Holdings Ltd rallied behind Beijing`s recently-imposed cyber security law on Thursday, following criticism of it from overseas technology rivals.

21 Sep 2016

Tesla fixes security in Model S after Chinese hack

A Chinese security team has hacked a Tesla Model S and revealed several vulnerabilities in the luxury electric car, US media reported.

Postal Savings Bank of China

13 Sep 2016

China bank PSBC launches $8.1 bn IPO: reports

Postal Savings Bank of China (PSBC) launched an initial public offering in Hong Kong worth $8.1 billion on Tuesday, reports said, in what is expected to be the world`s biggest flotation this year.

16 Aug 2016

Hike Messenger raises $175 mn led by Tencent, Foxconn

Messaging platform Hike Messenger on Tuesday said it has raised USD 175 million in a new round of funding led by Tencent Holdings and Foxconn Technology Group, valuing the company at about USD 1.4 billion.

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