Tencent
Tech Wrap March 28: WhatsApp on iOS, OpenAI GPU melts, Google travel
iPhone users can now make WhatsApp their default calling app. OpenAI GPU melts due to excessive image generation. Google simplifies traveling with AI. Instagram rolls out update.
China's Tencent buys stake in Ubisoft unit behind Assassin's Creed and more
Tencent already owns about 10 per cent stake in Ubisoft, and it has now partly acquired Ubisoft's subsidiary unit that will run franchises like Assassin's Creed, Far Cry, and Tom Clancy
TSMC risks losing lead as Asia's largest company to Tencent amid AI boom
TSMC shares have dropped 11 per cent this year, falling alongside global chip stocks like Nvidia Corp. as concerns mount over the sector's frothy valuations
TikTok, five other Chinese companies hit by EU privacy complaints
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
Tencent makes largest share buyback in 20 years after US blacklisting
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
Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick
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 ..
China to impose six-month business ban on PwC over its Evergrande audit
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
Will be tough for Alibaba, Tencent, JD.com to grow without Beijing's help
Chinese tech firms may look to invest heavily in artificial intelligence, despite unique challenges
Tencent's Oct-Dec results: Revenue at $21.56 billion, misses estimates
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
TikTok owner ByteDance's chief warns against mediocrity as AI disrupts
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
In talks with multiple prospective buyers of gaming assets: ByteDance
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
TikTok owner ByteDance in talks with Tencent, others to sell gaming assets
Talks are ongoing but no deal has been reached, a ByteDance spokesperson told Reuters
China fires top official to stem games fallout, contain damage: Report
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
After US curbs, Tencent and small chip designers chase Nvidia's China crown
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
19th Asian Games: Tencent at the wheel, esports gets its biggest moment
Company executives and government officials are counting on esports as an instrumental part of their post-Covid comeback
ByteDance surges 30% to match Tencent's $80 bn sales after TikTok boom
That pace of expansion underscores the resilience of ByteDance's business at a time Washington is threatening to join India in banning TikTok
Chinese government entities to take golden shares in Alibaba, Tencent
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
China's Tencent fires entire editorial staff at gaming publication Fanbyte
Chinese conglomerate Tencent has laid off all of the editorial staff at Fanbyte, an online gaming publication owned by it
Tencent: Rise and hubris
Lulu Yilun Chen's book takes a detailed look at the Chinese digital giant's birth, its rise, and market battles
Tencent buys stake worth $264 mn in Flipkart from co-founder Binny Bansal
Binny Bansal now holds 1.84% in Flipkart after this deal with Tencent Cloud Europe BV
