Tencent

IT

Tencent is Building an Extended Reality Module for Metaverse

Tencent announced to its crew that it has established an extended reality business division XR, entering the bet on the…

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News

Covid and Regulatory Scrutiny are Destroying Tencent

China's Tencent announced a halving of its quarterly profit with flat revenue without any growth in the first quarter compared…

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Wall Street

Chinese Tech Stocks Rise After Meituan Shares Rise

Most of the Chinese tech stocks rose in a volatile trading round in the Asia-Pacific region with oil prices dropping…

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News

Tencent’s Revenue Records Slowest Growth In The 4Q

Tencent posted a slowdown in revenue growth during the f4Q of 2021 to a record low, and Tencent blamed it…

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News

Riot Games Settles Discrimination Lawsuit

Tencent's subsidiary Riot Games has agreed to pay $100 million to settle a 2018 class action lawsuit brought by California…

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Business

Tencent Acquires Britain’s Sumo for $1.3 Billion

Tencent will buy video game developer Sumo to add a new lineup to its video game portfolio, and this deal…

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News

Tencent’s profit up 65% in the first quarter after its online game revenue soared

Tencent reports quarterly profit, beating expectations as Chinese regulators ramp up antitrust campaigns against China's internet giants

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Business

Prosus earns $14.6B from the sale of its stake in Tencent

Prosus says it earned $14.6B from its sale of its stake in Tencent as the deal bridged the gap between…

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News

Alibaba is shutting down the music app project

Alibaba will shutdown the music streaming app project due to what it described as modifications in the development of business…

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News

Alibaba and Tencent suspended a deal to buy iQIYI stake

Alibaba and Tencent are in separate talks with Baidu to acquire a controlling stake in iQIYI video streaming service

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