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Latest Articles in tencent

Tencent allows WeChat users to access rivals' links

The move comes just days after regulators told the company and its rivals to end a long-standing practice of blocking each other's links.

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China Tells Tech Giants To Stop Blocking Rivals' Links

The Ministry of Industry and Information Technology (MIIT) did not name any companies, but the 21st Century Business Herald newspaper reported on Saturday that Alibaba Group Holding Ltd and Tencent Holdings Ltd were among the firms told to end the practice by an unspecified time last week.

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Tencent Bolsters Defenses For Core Businesses As ByteDance Muscles Into Its Turf

Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc, Tencent sources said.

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Singapore Faces Talent Crunch As Tech Giants Scale Up

Singapore, an Asian base for many multinationals and banks, has for years had a tight labour market and the country of 5.7 million people does not yet have the capacity to quickly match the tech skills and experience the industry needs.

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Chinese Regulators To Push Tech Giants To Share Consumer Credit Data

Tencent's private lender WeBank has operated micro-loans unit Weilidai since 2015, which made over 460 million loan drawdowns worth a total of more than 3.7 trillion yuan as of the end of 2019

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Udaan Raises $280 Mn In Funding From Lightspeed Venture Partners, Tencent, Others

Udaan had announced raising USD 585 million in series D funding round in October 2019 from a clutch of investors, including China's Tencent.

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China Fines Alibaba, Tencent For Failing To Report Past Deals To Anti-Trust Regulators

The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in, including Alibaba's past deal with Intime Retail (Group) Co Ltd and China Literature's acquisition of New Classics Media.

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Ant Group's $35 Billion IPO Unlikely To Be Hurt By Possible US Curbs, Analysts Say

Ant's Alipay and Tencent's WeChat payment platforms are used primarily by Chinese citizens with accounts in renminbi.

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E-Commerce Firm Shopee In Thai Twitter Storm For Banning Anti-Government Store

Democstore is run by the Progressive Movement, a group founded by banned politicians from upstart opposition Future Forward party, which was dissolved in February.

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SaaS Unicorn AppsFlyer delivers world-class customer support with Hiver

SaaS Unicorn AppsFlyer delivers world-class customer support with Hiver

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India Bans Tencent's PUBG App As It Takes Aim At China Tech

India first banned 59 Chinese apps, including ByteDance's popular video-sharing app TikTok, Tencent's WeChat and Alibaba's UC Browser, in June.

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Tencent Music Revenue Jumps 18%, Beats Estimates, As Paid Subscribers Flock To Expanded Library

Net income attributable to shareholders rose 1.3% to 939 million yuan ($135 million) from 927 million yuan a year earlier.

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Tencent Aims To Become Biggest Shareholder Of Video Streaming Rival iQIYI

iQIYI booked an 11% rise in content costs in January-March versus the same period a year earlier, while revenue growth slowed to 9% from 43%.

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Tencent Raises $6 Billion In Largest Asian Corporate Debt Deal This Year

Around $712 billion has been raised by Asia Pacific corporates, not including Tencent's latest deal, in 2020 which is the strongest start to a year on record

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Tencent Raises $6 Billion In Largest Asian Corporate Debt Deal This Year

The deal was finalised early on Thursday in which Tencent raised $1 billion in five-year debt, $2.25 billion in 10-year, $2 billion in 30-year and $750 million in 40-year debt

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