Influence Empire by Lulu Chen review – the story of China’s Tencent A fascinating study of the tech giant and its symbiotic relationship with the Chinese government The Guardian - UK · Jul 13, 2022
WeChat Is China’s Most Beloved (and Feared) Surveillance Tool This one app became so powerful that it could have posed a real threat to Beijing’s rule, the new book Influence Empire reveals. Businessweek · Jul 12, 2022
Alibaba and Tencent stocks plunge after latest fines Shares of Chinese technology firms Alibaba and Tencent have tumbled after Chinese regulators fined their subsidiaries for failing to disclose transactions and not complying with anti-monopoly rules The Independent UK · Jul 11, 2022
China Regulator Fines Alibaba, Tencent for Disclosure Violations China has imposed fines on technology giants Alibaba and Tencent as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country's market regulator said on Sunday. The State Administration for Market Regulation (SAMR) released a list of 28 deals… Asharq Al-Awsat · Jul 10, 2022
Blizzard Entertainment Acquires This Boston-Based Studio For Undisclosed Terms Activision Blizzard, Inc's (NASDAQ:ATVI) Blizzard Entertainment closed the acquisition of the Boston-based studio Proletariat. The financial terms of the transaction remain undisclosed. The acquisition will help better serve players in the multiplayer online role-playing game World of Warcraft. "Over the next two years, we plan to hire hundreds of the best developers to… Benzinga · Jul 1, 2022
Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the… Benzinga · Jun 30, 2022
Benzinga Before The Bell: Texas Giga Tesla's Output Ramp Up, California's Lithium Tax, Spot Bitcoin ETF Proposal Rejection And Other Top Financial Stories Thursday, June 30 Reuters Hyundai, Affiliates Plan To Set Up New Company In US: Benzinga · Jun 30, 2022
Why China's JD Is Giving Rival Tech Giant Tencent An Additional $220M Stake Chinese e-commerce giant JD.Com Inc (NASDAQ: JD) on Wednesday said that it renewed its strategic cooperation agreement with the tech and gaming giant Tencent Holdings (OTC: TCEHY) for a period of three years. Benzinga · Jun 30, 2022
Alibaba Falls 1%, Nio Gains 4%: What's Weighing On Hong Kong Stocks Today Shares of major U.S.-listed Chinese companies were trading mixed in Hong Kong on Thursday, as major tech stocks like Alibaba Group Holdings (NYSE: BABA) and Tencent Holdings (OTC: TCEHY) slipped, while Baidu In Benzinga · Jun 30, 2022
Here's Why Kanzhun, Full Truck Alliance Shares Are Trading Higher Today The app of online recruitment services company Kanzhun Ltd (NASDAQ:BZ) and two apps of the logistics platform Full Truck Alliance Co Ltd (NYSE:YMM), namely, Yunmanman and Huochebang announced the resumption of new user registrations, Reuters reports. The apps were under review by China’s cyberspace regulator. The Chinese government recently expressed support for the domestic tech industry, which had… Benzinga · Jun 29, 2022
Why Alibaba, Nio, Chinese Peers Are Sliding In Hong Kong Today Shares of major U.S.-listed Chinese companies were trading lower for a second straight session in Hong Kong on Wednesday, as major tech stocks like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Benzinga · Jun 29, 2022
Tencent Targets Metaverse After Overseas Opportunities, EV To Drive Growth Tencent Holding Ltd (OTC:TCEHY) acknowledged setting up a unit focused on exploring the space to tap multiple opportunities in extended reality (XR) technologies in the next 4-5 years, Reuters reports. Gaming chief Steven Ma disclosed that Tencent had set up an XR business line to combine hardware and software, betting on most… Benzinga · Jun 28, 2022
Tencent to Explore Hardware Opportunities with Extended Reality Unit China's Tencent Holdings said it saw multiple opportunities to explore extended reality (XR) technologies in the next 4-5 years and that it had set up a unit focused on exploring the space, confirming an earlier Reuters report. The company's gaming chief Steven Ma made the comments to local media on… Asharq Al-Awsat · Jun 28, 2022
Alibaba Loses 2%, Nio Tumbles 9%: What's Dragging Down Hong Kong Stocks Today? Shares of major U.S.-listed Chinese companies were trading lower in Hong Kong on Tuesday, with major tech stocks like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ: < Benzinga · Jun 28, 2022
Benzinga · Jun 24, 2022 Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…
Benzinga · Jun 24, 2022 Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ:
Reuters · Jun 23, 2022 Record numbers of Chinese graduates enter worst job market in decades Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews.
Zenger · Jun 23, 2022 Tencent Creates Metaverse Unit XR unit a rare venture into hardware for the Chinese tech giant
Benzinga · Jun 23, 2022 Why Alibaba, Nio, Most Chinese Peers Are Shooting Up In Hong Kong Today Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Thursday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), and Baidu Inc (NASDAQ:
Benzinga · Jun 22, 2022 ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake Key takeaways: • Tencent reduced its stake in ZhongAn to about 8% from 10%, less than six months after Alibaba-affiliated Ant Group also cut its stake in the online insurer • ZhongAn’s net profit more than doubled last year, as reliance on its parents for business has decreased
Benzinga · Jun 22, 2022 Alibaba Sheds 2%, Nio Jumps 3%: What's Weighing On Hong Kong Stocks Today Shares of major U.S.-listed Chinese companies traded mixed in Hong Kong on Wednesday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), and JD.com Inc (NASDAQ:
Axios · Jun 21, 2022 Snap CEO endorses Elon Musk's "super app" strategy for Twitter "I think he's seeing a lot of what we saw in Asia," Spiegel told Axios.
Benzinga · Jun 17, 2022 Alibaba Down Nearly 1%, Nio Up 2%: What's Weighing On Hong Kong Stocks Today Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Friday, with tech giants like Baidu Inc (NASDAQ: BIDU), JD.com (NASDAQ: JD), and Tencent Holdings (OTC:
Benzinga · Jun 14, 2022 Tencent Buys $264M Stake In Walmart's Indian Unit Chinese tech conglomerate Tencent Holdings Ltd. (OTC: TCEHY) has bought a $264 million stake in Walmart Inc (NYSE: WMT)-owned Indian e-commerce firm Flipkart, Press Trust of India