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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.
- C4Games, acquired by ByteDance in 2021, is the third studio to be sold to a Tencent-backed company as the TikTok owner continues its retreat from the business
- Last November, ByteDance decided to shut down most gaming projects that had not been released online, and pursue asset sales for those that had been launched
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.
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.
