Tencent

Noyb is known for filing complaints against American companies such as Apple, Alphabet and Meta , leading to several investigations and billions of dollars in fines

Chinese tech giant Tencent has denied allegations of being a Chinese military company or a military-civil fusion contributor, as claimed by the US Department of Defense

Chinese conglomerate Tencent on Thursday sold a 2.1 per cent stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF) and Societe Generale (SocGen) picked up stake in the company. Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent. Meanwhile, SBI MF, Axis MF, Mirae Asset MF, ICICI Prudential Life Insurance, HDFC Life Insurance, Europacific Growth Fund, Goldman Sachs Singapore, Copthall Mauritius Investment, Ghisallo Master Fund LP, SocGen, and British hedge fund Marshall Wace were among the buyers of PB ..

PwC's China unit has already lost at least two-thirds of its accounting revenues from mainland-listed clients this year since its Evergrande audit failure

Chinese tech firms may look to invest heavily in artificial intelligence, despite unique challenges

The world's largest video game company and operator of the WeChat messaging platform reported revenue of 155.19 billion yuan ($21.56 billion) for the three months ended Dec. 31

ByteDance is often seen as the world's leading company on algorithms because its flagship apps such as TikTok, Douyin and Toutiao are powered by commanding recommendation engines

The firm stopped working on unreleased games and planned to divest of titles already launched, people familiar with the matter told Reuters at the time

Talks are ongoing but no deal has been reached, a ByteDance spokesperson told Reuters

Tencent and smaller rival NetEase Inc. gained about 1% in Hong Kong Wednesday, adding to a recovery since officials began signaling a willingness to consider industry views

Nvidia commands as much as 90% of China's $7 billion market for chips used to process enormous amounts of data to develop AI software

Company executives and government officials are counting on esports as an instrumental part of their post-Covid comeback

That pace of expansion underscores the resilience of ByteDance's business at a time Washington is threatening to join India in banning TikTok

The discussions are emerging as Beijing prepares to loosen its grip on the sector and move past a bruising crackdown that's enveloped most every internet sphere for well over a year

Chinese conglomerate Tencent has laid off all of the editorial staff at Fanbyte, an online gaming publication owned by it

Lulu Yilun Chen's book takes a detailed look at the Chinese digital giant's birth, its rise, and market battles

Binny Bansal now holds 1.84% in Flipkart after this deal with Tencent Cloud Europe BV

Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV

Curbs on investment by Chinese investors a major roadblock

Twitch-like Penguin Esports never achieved a substantial market share in China