Gaming giant Tencent Holdings, Asia’s second-most valuable listed firm, on Thursday reported a sharper-than-expected 32 percent dive of net profit in the fourth quarter. The net profit was reduced to 14.2 billion yuan (US$2.1 billion) after gaming revenue came under pressure following a regulatory freeze last year. Read the full story at https://www.shine.cn/biz/tech/1903211642/ SOURCE:Shine
China’s Tencent enters Philippine market
Chinese tech giant Tencent Holdings Ltd. and global investment firm KKR agreed on Thursday to acquire “substantial” minority stakes in Philippine technology firm Voyager Innovations that could be worth up to 175 million US dollars. Read the full story at http://www.xinhuanet.com/english/2018-10/04/c_137511712.htm SOURCE:Xinhuanet
Tencent under pressure to step up its game as regulatory restrictions bite
The gaming and social media firm is one of a number of Chinese internet companies whose prospects are suddenly in question after years of spectacular growth. But Tencent’s fall, triggered mainly by a government crackdown on online gaming, has been especially dramatic. Read the full story at https://www.reuters.com/article/us-tencent-strategy-analysis/tencent-under-pressure-to-step-up-its-game-as-regulatory-restrictions-bite-idUSKCN1LS0MP SOURCE: Reuters
An inside look at Chinese tech giant Tencent’s vertical campus
Tencent has quickly become Asia’s largest publicly traded company. CNBC’s Uptin Saiidi visited its new high-tech headquarters in China. Watch the video at https://www.cnbc.com/video/2018/05/30/tencent-new-headquarters-has-facial-recognition-technology-and-a-swimming-pool.html SOURCE: CNBC
Tech trade fair’s success reflects industry’s rapid rise
Hong Kong-listed Tencent Holdings rose nearly 3 percent Friday to 403.4 HK dollars per share, making the Chinese Internet giant Asia’s largest company by market value. The company’s fiscal report, released Wednesday, showed third-quarter revenue rocketed up 61 percent year on year to 65 billion yuan (9.8 billion U.S. dollars). The China Hi-Tech Fair (CHTF), […]
China’s Tencent may put $400 million in Ola to fight Uber
Chinese internet major Tencent is likely to lay one of its most significant bets in India as it closes in on a $400-million (over Rs 2,500crore) investment in the homegrown ride-hailing startup Ola, two people close to the matter said. The capital from Tencent will give much-needed firepower to Ola, which has been on a […]
