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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.
- The lite version of Tencent’s Hunyuan LLM will now be free of charge, while prices of the standard versions will be slashed by 50 to 87.5 per cent, effective immediately
- Tencent’s announcement came just hours after iFlyTek significantly reduced the price of some versions of its Spark LLM, while making its lite version free
Chinese tech behemoth to fund technologies that prevent carbon dioxide emissions and suck the greenhouse gas from the atmosphere.
Tencent’s Dungeon and Fighter (DnF) Mobile launched with an overwhelming start, as the Chinese tech giant pins high hopes on the eagerly awaited title to boost its sluggish domestic video game business.
Along with Meta, OpenAI and Samsung, the companies committed to publishing safety frameworks for measuring risks.
The latest product announcements by NetEase reflect heightened competition in the world’s second-largest video gaming market, where tech giant Tencent continues to lead.
Moonshot AI is in talks with investors for additional funding that will boost its valuation by US$500 million over its previous round in February.
The city has contributed to the GBA’s academic research and development in fields of strategic importance such as biomedicine, artificial intelligence and quantum computing.
China’s video gaming regulator approved 96 new titles for domestic release in May, compared with 95 approvals in April, but major players like Tencent and NetEase were absent from this month’s list.
The mainland’s e-commerce sector achieved a 12 per cent overall growth in the March quarter, according to data from JPMorgan.
China’s search engine and AI giant saw revenue grow 1 per cent in the first quarter, while net income fell 6 per cent but was better than estimates.
Chinese video gaming and social media giant Tencent launched an upgraded version of its large language model with text-to-image generation that is open source for enterprises and individuals.
Strong financial results by the two companies are the touchstones of the earnings growth that global investors are looking for, as they debate whether China’s post-pandemic recovery was a flash in the pan.
The social media and video gaming giant saw revenue rise 6 per cent in the first quarter, with online advertising revenue growing 26 per cent year.
Chinese tech giants Tencent and NetEase announced back-to-back new title releases, in a sign of intensified competition among the country’s top two video gaming publishers.
TikTok owner ByteDance has sold a third studio to a Tencent-backed company as China’s video gaming industry continues its consolidation.
China’s strengthened push to use RISC-V, an open-source chip-design architecture, is facing new risks amid scrutiny by the US and Google’s move to stop supporting it on Android.
The Beijing-based start-up, dubbed one of the ‘four new AI tigers’ of China, is said to have plans to release ‘high-quality text-to-video tools’ by this year at the earliest.
China’s internet giants have slashed jobs in recent years, affecting tens of thousands of people, many of whom have decided to become entrepreneurs themselves, with mixed results.
A dovish US Federal Reserve and a gigantic share buy-back programme from Apple lifted Hong Kong stocks with sentiment remaining upbeat after China’s top policymakers signalled further support to economic growth.
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.
