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Latest Articles in tencent holdings

China's Baidu Beats Revenue Estimates On Strong Cloud, AI Demand

Its total revenue rose 5% to 30.26 billion yuan ($4.69 billion) in the fourth quarter, topping analysts' average estimate of 30.06 billion yuan

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Tencent Fires 100 Employees, Blacklists 37 Firms In Anti-Graft Campaign

Chinese tech companies have doubled down on corruption investigations in recent years, as their valuations and profiles have soared following a tech boom in the country.

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US Considering Adding Alibaba, Tencent To China Stock Ban - Sources

Shares in Alibaba Group Holding Ltd were down 5% in morning trade on the Hong Kong Stock Exchange. Tencent Holdings Ltd shares were down 3%. Alibaba's U.S.-listed shares closed down just over 5% on the news on Wednesday.

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Alibaba, Tencent Put Talks To Buy Iqiyi Stake On Hold Due To Price, Regulatory Concerns

Considered China's equivalent to Netflix Inc, Nasdaq-listed iQIYI has a market capitalisation of $16.4 billion, which values Baidu's 56.2% stake at about $9.2 billion.

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Tencent Music Revenue Beats As It Adds More Paying Listeners

Revenue rose to 7.58 billion yuan (£865 million) in the third quarter ended Sept. 30, from 6.51 billion yuan in the year ago.

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Singapore Third-Quarter Office Rents See Biggest Fall In 11 Years

Rents for office space fell 4.5% on a quarterly basis in July-September, data from the Urban Redevelopment Authority showed.

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China's Tencent rebrands WeChat work app ahead of Trump ban

The WeCom mobile app has been gaining popularity in China, where downloads in the first part of September rose 74% from about 690,000 during the first 16 days of August.

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China Strongly Opposes India Banning Chinese Mobile Apps - Commerce Ministry

India has banned another 118 mostly Chinese mobile apps including Tencent Holdings Ltd's popular videogame PUBG, citing data security concerns.

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Tencent Shares Fall Over 2% After India Bans PUBG Game, Other Mobile Apps

The stock traded 2.2% lower at HK$533 in the afternoon, on track to snap two straight sessions of gain.

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Taiwan To Stop Local Sales For Chinese TV Streaming Services, Not Block Them

The service iQiyi applied in 2016 to set up a Taiwan subsidiary, but was rejected because Chinese companies cannot operate online streaming services there

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Chinese Police Say Tencent Likely Swindled By Chilli Sauce Impostors

Tencent, China's biggest video game and social media firm, did not immediately respond to a Reuters request for comment.

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Tencent, Primavera To Fund Grocery Delivery App

The latest round of funding comes amidst a surge in demand for grocery delivery as more consumers order from the comfort of their homes due to coronavirus-led restrictions.

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Japanese Telco SoftBank Invests In Startup Splyt In Hunt For Super App

Japanese tech firms have lagged peers such as Tencent Holdings, with its WeChat app, in creating super apps, which offer access to a range of services via a single interface.

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Hike Rolls Out India's First Payment Wallet Within Messaging Platform

E-payments have surged in India since a shock ban of high-value bank notes in November last year. Providers such as Paytm, backed by Alibaba and SoftBank Group, have rapidly increased their share of the market.

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Tesla Close To Agreement On First Production Plant In China

An agreement with the city of Shanghai would allow Tesla to build its facilities in Lingang development zone and could come as soon as this week, the report said.

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