TSMC has soared as overwhelming global demand for its chip components has hit industries from autos to gaming.
The proposed regulations would limit the way companies can attract consumers and are allowed to analyze user and competitor data.
Tencent has made 168 investments year-to-date, which is more than double and triple the number of investments it made in 2020 and 2019, respectively.
China's Economic Information Daily said teenage addiction to online gaming is widespread and could have a detrimental impact on their education.
Tencent's acquisition spree in the video games sector continues. It's struck a deal to buy Britain's Sumo for $1.27 billion.
Beijing continues to clamp down on monopolies among big tech, blocking plans by Tencent to merge China's top two video game streaming websites.
The system, called "Midnight Patrol," aims to prevent under-18s from posing as adults to circumvent a Chinese ban on late-night gaming.
Tencent has published a list of "violations" on WeChat's live-streaming platform, including fortune telling and wearing underwear on your head.
Prosus said it plans to sell $14.6 billion of Tencent stock, but it will remain the tech giant's largest shareholder holding 28.9% of the firm.
Despite strong volatility in the sector and recent share price tumbles, Ark Invest CEO Cathie Wood backs "disruptive innovation platforms" in China.
Shares of ViacomCBS and Discovery fell as much as 35% Friday, while US-listed shares of China's Baidu, Tencent Music, Vipshop and others also plunged this week.
Chinese tech giants fell on Wednesday after reports said the PBOC is considering establishing a joint venture to oversee companies' data collection.
Rakuten plans to issue 211,656,500 shares at the equivalent of around $10.50 eacg with a payment date between March 29 and April 30.
Chinese authorities are stepping up its scrutiny of the country's fintech firms, and Tencent could be in the firing line.
The video-game studio behind cult game PUBG is planning an IPO in 2021, Bloomberg reported. South Korean Krafton Inc’s planned IPO could value the company as much as $US27 billion. The CEO plans to release three more games based on or related to PUBG by 2022. Visit Business Insider’s homepage […]
President Donald Trump has signed an executive order banning Alipay, WeChat Pay, and six other Chinese apps. The order raises the possibility that the apps could track Federal employees and “build dossiers of personal information,” calling the apps a threat to “the national security, foreign policy, and economy of the […]
China has demanded that the nation’s tech companies process stolen data for Chinese intelligence agencies upon request, according to a Wednesday report from Foreign Policy. The outlet spoke to 36 US officials who said the arrangement represents the “commercial wing” of the Communist Party. Authorities are able to view data […]
Apple’s livestream of its iPhone 12 launch event on Tuesday was not available to watch on top Chinese social media platforms. Tencent Video, iQiyi, Bilibili, and Weibo didn’t stream the event. Bloomberg reported that the platforms cancelled coverage without explanation. The event garnered massive interest in China, Apple’s second-largest market […]
The Trump administration is considering restricting Ant Group and Tencent – two Chinese powerhouses – in the US over national security concerns, according to a new Bloomberg report. Senior officials have not yet presented the possible restrictions to the president, Bloomberg notes. Its the latest example of the Trump administration’s […]
The wildly popular smartphone apps TikTok and WeChat will be banned in the US starting on September 20, the US government announced on Friday morning. CFIUS, the same Treasury group that initated those investigations, is now looking into “Fortnite” maker Epic Games and “League of Legends” maker Riot Games due […]
The Trump administration will ban the use of chat and payments app WeChat for users in the US beginning September 20. The ban is part of an order from the US Commerce Department that will prohibit new downloads and app updates of WeChat and video app TikTok over fears that […]
US business leaders are desperately seeking clarity on Donald Trump’s executive order that could ban transactions on WeChat, a Chinese payment and messaging app used by 1.2 billion people worldwide. More than a dozen companies including Apple, Ford, Walmart, and Disney voiced concerns about how the executive order could affect […]
WeChat, which is the target of a new executive order from President Trump, served as somewhat of a blueprint for tech giants like Facebook, Google, and Apple when it comes to mobile messaging. WeChat is a popular texting app that’s used in China for many aspects of daily life, from […]
The Trump administration has banned WeChat in the US beginning on Sunday. The ban follows an executive order against the app in August that barred US companies and individuals from making any transactions with WeChat. WeChat is owned by Tencent, which isn’t a household name in the US, but is […]
Tencent stock tanked as much as 10% on Friday following President Trump’s executive order targeting its WeChat app. The order arrived in tandem with a similar order against ByteDance’s TikTok app. Both Chinese companies face a ban from US transactions set to take effect in 45 days. The orders escalate […]
Tencent’s stock price fell as much as 10% in the hours after President Donald Trump issued a vaguely worded executive order barring US individuals and companies from doing business with its chat app WeChat. An earlier order on Thursday targeted the TikTok parent ByteDance. It was initially unclear whether the […]
Secretary of State Mike Pompeo on Wednesday announced a broad program to crack down on Chinese apps and services. The “Clean Network” program will block “untrusted” Chinese apps from app stores; stop Chinese phone companies from pre-installing US apps; keep US data off Chinese cloud services; and guard undersea cables […]
Singaporean tech giant Sea’s stock has ballooned more than 1,100% since the start of 2019. The astounding gain has raised its market capitalisation from about $US5 billion to $US64 billion. Sea’s stock has outperformed every other company worldwide with at least a $US1 billion market capitalisation over the past 18 […]
Epic Games, the studio behind “Fortnite,” has skyrocketed in value across the past eight years. In 2012, Chinese conglomerate Tencent invested $US330 million and got a 40% stake. Sony’s $US250 million investment earlier this month nabbed the company only a 1.4% stake in Epic. That means Epic’s valuation has exploded: […]
iQIYI, a Chinese video streaming company that’s often dubbed the Netflix of China by investors, skyrocketed 38% on Tuesday after a report from Reuters revealed Tencent was eyeing a potential investment in the company. Tencent is looking to become the largest investor in iQIYI in a bid to lower costs […]
Chinese internet company Tencent is building a 320-acre city in China over the next seven years as a work-life campus for employees. Net City will have offices, residences, schools, retail, open spaces, and grass-covered rooftops. Tencent is one of the most recent tech firms to delve into master-planned communities. The […]
Provinces and cities across China are slowly lifting their strict coronavirus lockdown measures. Wuhan, where the coronavirus broke out, just lifted its lockdown. But as people resume their lives, local authorities are trying to prevent further spread by controlling citizens’ movements via smartphone software installed in WeChat and Alipay, two […]
Warner Music Group filed for an IPO with the Securities and Exchange Commission on Thursday as streaming services continue to boost the music industry. The offering is Warner’s second, as a slew of private-equity firms took the company public in 2005 after buying it from Time Warner the previous year. […]
Tech billionaire Jack Ma has pledged $US14.5 million towards fighting the coronavirus outbreak. The Alibaba founder will donate 100 million yuan ($US14.5 million) through his charitable foundation. Bill and Melinda Gates have also pledged assistance, while Tencent and TikTok owner ByteDance are among the Chinese firms to be helping. The […]
Alphabet is the latest company to reach a $US1 trillion valuation in public trading after closing at a record high Thursday. The record level adds a third tech company to the list of firms with four-comma valuations. The list of highest-valued firms remains tech-heavy, though oil behemoth Saudi Aramco maintains […]
A group led by Tencent is buying a 10% stake in Vivendi’sUniversal Music Group for 3 billion euros ($US3.4 billion), both companies announced Tuesday. The sale values the world’s largest music company at 30 billion euros ($US33.6 billion). The consortium of investors holds the option to boost their stake to […]
App Analytics firm App Annie released its list of apps where consumers spent the most money over the decade. Video and music streaming services dominated, with seven of the top ten spots. Consumers spent the most overall on Netflix, with Tinder in second place as the only dating app to […]
Reddit recently released its year-in-review report highlighting the most popular posts, active subreddit communities, and viral trends on “the front page of the internet.” The report includes 2019’s top posts – that is, those with the most “upvotes,” the Reddit-equivalent of “likes” on other social platforms. Included in this list […]
The Nintendo Switch will be released in China on December 10. Nintendo‘s portable video game console has already sold more than 40 million units worldwide, and China is the world’s biggest market for video games. Nintendo has partnered with Tencent, one of China’s largest companies, to make the deal possible; […]
Chinese Americans who use the Chinese app WeChat say they are being censored for writing messages in support of Hong Kong. WeChat is ubiquitous in China, so for Chinese Americans with family there it is a major blow to be kicked off the app. This is the latest in a […]
Nintendo, a 100-plus-year-old Japanese company, is making a major play for the massive Chinese gaming market. The Japanese gaming giant is teaming up with Tencent, a Chinese conglomerate and the biggest game company in the world, to release the Nintendo Switch and some of its most popular games in China. […]
Tech companies are increasingly installing greenery, particularly living walls, in offices and retail spaces. Apple became one of the latest adopters of this trend with two living walls in its redesigned Fifth Avenue store. These installations are primarily driven by millennials’ propensity for plants and wellness. Visit Business Insider’s homepage […]
Activision Blizzard stripped a “Hearthstone” champion of his prize money and slapped him with a yearlong ban from competitions after he voiced support for anti-government protests in Hong Kong. The video game giant quickly scaled back the punishment following fierce backlash, and insisted its relationship with China didn’t factor in […]
Apple may in some cases share Safari web address information from iPhone users with their device region set to mainland China with the Chinese tech giant Tencent as part of a safety feature that monitors for phishing scams. Apple shares some web address data with Tencent Safe Browsing and Google […]
The pro ‘Hearthstone’ player banned by US game giant Blizzard has spoken out after his ban from the ‘Hearthstone’ pro circuit was reduced from one year to six months, and his prize money was reinstated. Chung ‘Blitzchung’ Ng Wai was handed the ban after he shouted “Liberate Hong Kong, revolution […]
China’s“Great Firewall” of internet censorship blocks content that the government deems sensitive, including reports of political unrest and references to Taiwan as an independent country. US tech companies including Facebook,Twitter, and others are banned from the country. But some tech companies made the controversial decision to comply with China’s strict […]
Epic GamesCEO Tim Sweeney says the company will not punish “Fortnite” players who choose to comment on politics or human rights. Sweeney’s statement comes as Activision Blizzard faces a massive backlash for punishing an esports competitor from Hong Kong. Chung Ng Wai, the esports competitor better known as Blitzchung, shouted […]
Blizzard Entertainment has sent a professional esports player home from a tournament and handed him a 12-month ban after he voiced support for Hong Kong protesters during a postgame interview. The esports player, whose real name is Chung Ng Wai but who is known as Blitzchung, will also be fined […]
The world’s biggest game company isn’t Nintendo, and it isn’t Microsoft or Sony either – it’s a Chinese company named Tencent. Tencent is a Chinese conglomerate that has major holdings in tech, film, music, and gaming. Despite being a relatively unknown name among gamers, Tencent has major stakes in some […]
Chinese internet giant Tencent is in talks to buy a 10% stake of Universal Music Group from Vivendi. Vivendi announced the talks, saying the deal would be worth $US3.36 billion, and Tencent would have a one-year option to acquire an additional 10% stake. Ariana Grande, Lady Gaga, and Billie Eilish […]
UK fintech TrueLayer is receiving funding from Chinese financial giant Tencent and Singaporean sovereign wealth fund Temasek. The $US35 million funding round which closed Tuesday is set to help fuel the company’s expansion further into Europe and Asia. It’s part of a burgeoning area of profitability for Tencent which has […]
Roblox, the $US2.5 billion video game platform, is forming a joint venture with Chinese tech titan Tencent. The eventual goal: Bringing Roblox, which currently has over 90 million active players, to the massive Chinese market. Tencent is no stranger to working with foreign video game companies, and bought a 40% […]
The wildly popular “Call of Duty” franchise is headed to smartphones and tablets this summer. When it arrives, it will come with a 100-player Battle Royale mode along the lines of “Fortnite.” The new “Call of Duty” Battle Royale mode is different from the Battle Royale mode included in 2018’s […]
China has announced new regulations for publishing video games in the country after an eight-month freeze on new releases last year. China is one of the most important markets in the video game industry, generating more than $US30 billion in revenue each year. While video games are popular in China, […]
“Call of Duty: Mobile” will launch for free on iOS and Android on October 1. The game will be focused on online multiplayer, and incorporate popular weapons, maps, and characters from past “Call of Duty” games like “Black Ops” and “Modern Warfare.” While “Call of Duty” is still one of […]
Mark Zuckerberg has laid out a vision of how Facebook services will become the backbone for the way people live online, Business Insider’s Shona Ghosh writes. Zuckerberg’s vision for Facebook is uncannily similar to how the WeChat app dominates modern life in China, serving a variety of functions from messaging, […]
Reddit is raising a new round of funding led by the Chinese company Tencent, according to TechCrunch. That round, a $US150 million series D, reportedly values the company at $US2.7 billion. Reddit was owned by Condé Nast from 2006 to 2011 before getting spun back off into an independent company. […]
“Fortnite” is a money-making behemoth. The game reportedly generated just shy of $US500 million in revenue in 2018 – and that’s only on Apple’s devices. In December 2018 alone, the game reportedly made just under $US70 million on Apple devices. “Fortnite” continues to dominate the attention of tens of millions […]
Chinese officials have expressed concerns about the impact of video games on children, fearing the hobby can lead to addiction and decreased productivity. The country halted new releases for months as they reorganized their process for reviewing new games. China’s Online Game Ethics Committee, a newly formed regulatory body, recently […]
A homework app in China that instantly solves problems for students when they take a picture, Yuanfudao, has raised $US300 million, according to a TechCrunch report. The six-year-old startup has capitalised on the immense importance of academic exams for Chinese students. Yuanfudao is now valued at $US3 billion. A homework […]
Apps downloaded from the Apple App Store generated hundreds of millions of dollars in revenue this year. Using data from Sensor Tower, we’ve compiled a list of the 10 apps downloaded from the App Store that brought in the most revenue in 2018. Half of the apps that brought in […]
The “League of Legends” developer Riot Games has suspended its chief operating officer, Scott Gelb, for two months without pay following reports of sexual misconduct in the workplace and a pending lawsuit against the company. Gelb has been accused of repeatedly touching his employees’ genitals in the workplace and farting […]
The Chinese government has not approved any new video games for release in the country since March 2018, and the freeze could continue into early 2019. China recently announced the formation of an Online Games Ethics Committe, but the committee’s first batch of reviews resulted in zero approvals. Video game […]
Chinese video game publisher Tencent recently implemented facial recognition software to verify the ages of the people playing its games in China. The software uses a government database to verify a player’s identity. Players are under the age of 18 are limited to playing two hours a day, while those […]
“PUBG Mobile” has been named GooglePlay’s Best Game of 2018 and Fan Favourite Game of 2018. “PlayerUnknown’s Battlegrounds” is a battle-royale shooter and helped inspire “Fortnite: Battle Royale” and the Blackout mode in “Call of Duty: Black Ops 4.” “PUBG Mobile” is free on Google Play, while the versions on […]
Tencent posted better than expected earnings, beating on both the top and bottom lines. But its revenue grew at the slowest pace in three years. Core online gaming sales dropped 4% in the wake of a Chinese clampdown on licenses. Watch Tencent trade live. Chinese tech giant Tencent on Wednesday […]
Tencent, the world’s largest video game publisher, will implement age restrictions for all of its titles in China in 2019. Player identities will be verified using China’s national citizen database and gamers under the age of 18 will have their playtime limited to one or two hours per day. Tencent […]
German fin tech company N26 is expanding its mobile banking services into the US market sometime in 2019. The digital bank is a mix of Venmo, Zelle, Intuit’s Mint, and a Chase banking account, said Nicolas Kopp, U.S. chief executive officer of N26. N26 is going up against a number […]
China is the world’s largest video game market, but regulators in the country haven’t approved any new games for sale since March 2018. Chinese officials are reconsidering the impact gaming has on the country’s young people, which could lead to limits on playtime and additional censorship. Companies making games for […]
Good morning. To the scoreboard: Dow: 25,162.41 -137.51 (-0.54%) S&P500: 2,818.37 -21.59 (-0.76%) AUD/USD: 0.7240 +0.0001 +0.01% ASX SPI futures (September contracts): 6,241 (-50) 1. The heavy falls in Chinese stocks yesterday weighed on US markets overnight. Technology and energy companies took the biggest hits after Hong Kong-based internet giant […]
WeChat, China’s most popular instant messaging app, now allows people to register for divorce. The function is being trialed in Guangdong province, but there are plans to it further. Take a look at how it works below. People in China can now file for divorce on WeChat, the country’s most […]
The company behind the biggest game in the world, “Fortnite,” is being taken to court by the studio responsible for the second-biggest game in the world, “PlayerUnknown’s Battlegrounds,” also known as “PUBG.” Stranger still: The two companies involved share a mutual investor, the Chinese holding company Tencent. Bluehole, the South […]
Facebook owns the world. Tencent owns China. As it turns out, each market is worth about the same when it comes to the social media business. Facebook and Tencent both generated almost the same amount of revenue in the first three months of the year. And, as this chart from […]
Facebook is still dominating the iPhone app world, but Chinese-made apps are quickly catching up. Facebook-owned apps like WhatsApp, Messenger, and Instagram were among the most-downloaded iPhone apps in the world during the first quarter of 2018, according to new data from app intelligence firm Sensor Tower. But it was […]
Baidu‘s stock was up 5% Wednesday after reporting an earnings beat and unveiling plans for a US initial public offering of its popular video platform, iQiyi. Baidu reported revenue was up 29% year-over-year at $US3.72 billion. Watch Baidu’s shares trade in real time here. Shares of the Chinese internet-search firm […]
Chinese tech giant Tencent is Snap’s largest shareholder, owning 17%. The firm has likely seen a hefty gain thanks to Snap’s stock, which on Wednesday climbed above its initial public offering price for the first time since July. You can track Snap’s stock price in real-time here>> Tencent‘s bet on […]
Chinese tech giant Tencent has had a stellar year, and on Tuesday, it became the first Asian company to be worth more than $US500 billion. As we can see in this chart from Statista, the company is now more valuable than Facebook. Tencent’s stock has more than doubled this year, […]
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