News
Prosus will sell Tencent shares to fund buyback plan
Tech investor Prosus will tap its huge stake in Tencent to fund a stock buyback in itself and parent Naspers. Tencent approves the move. Read more…
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Tencent forms extended reality unit in metaverse leap
Tencent announced to its staff the official formation of an extended reality (XR) unit, formally placing its bets on the metaverse. Read more…
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Tencent subsidiary buys a stake in Flipkart worth $264 million
Amid the ongoing scrutiny of Chinese companies, Tencent has acquired a stake worth $264 million in Indian e-commerce major Flipkart. Read more…
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Tencent tells staff not to expect a pay raise with future promotions
Tencent tells staff it will no longer guarantee them a pay raise upon promotion as it reviews its salary policy amid a cost-cutting drive. Read more…
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Tencent says it will shut down Penguin Esports unit by June
Tencent says it will shut down its Penguin Esports unit by early-June, as it streamlines its businesses following a regulatory crackdown. Read more…
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Tencent trims stake in Shopee owner Sea with $3 billion selloff
Tencent reduces its stake in Sea to 18.7% from 21.3%, but plans to retain the substantial majority of its stake for the long term. Read more…
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China’s Ant Group gets added to the list of US ‘threats’
The US is considering restrictions on China’s Ant Group over concerns their digital payment platforms threaten national security. Read more…
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Tencent investors and WeChat users seek clarity and plan over US ban
China’s Tencent Holdings will be under pressure to address concerns on the impact of a U.S. ban on WeChat-related transactions Read more…
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Tencent exploits global games spike, targets Russia, Middle East
China’s Tencent will launch its ‘Arena of Valor’ mobile game in Russia and the Middle East, capitalising on a global spike in online gaming. Read more…
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Tencent reports drop in profit – weak games and advertising
Tencent Holdings Ltd reported a surprise 13% drop in quarterly profit, hurt by falls in core smartphone games business and in media advertising. Read more…
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NBA fans in China ask for refunds after Tencent stops streaming
NBA fans in China have asked for streaming subscription refunds from exclusive service provider Tencent amid a deepening free speech row. Read more…
Features
Tencent: good results, warns of tough times ahead
Tencent Holdings, the world’s largest gaming company by revenue, warned on Wednesday of a difficult economic environment Read more…
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Tencent launches first overseas video streaming in Thailand
Chinese tech giant Tencent Holdings Ltd launched its first overseas video streaming service in Thailand on Friday, as it ramps up its presence outside China. Read more…
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Tencent charging for more content drives up profit
China’s Tencent Music Entertainment Group said it had started charging for more of its pay-for-streaming services helped drive up profit above expectations. Read more…
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Tencent wins approval to sell Nintendo Switch in China
China’s Tencent has won a key approval to start selling the Nintendo Switch in the country Read more…
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Tencent profit declines sharply, warns of slower game launches
Tencent Holdings reports sharp drop in profit, hit by China’s regulatory review of new games and one-off charges, and warned of slower video game launches. Read more…
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Tencent considering bid for Korean gaming company Nexon
Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon Read more…
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Tencent Music Entertainment looking to raise billions in IPO
HONG KONG/NEW YORK (Reuters) – Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. Read more…
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Line lands separate FinTech deals with Mizuho and Tencent
TOKYO (Reuters) – Japanese chat app operator Line Corp will set up a bank with Mizuho Financial Group and also partner China’s Tencent to offer mobile payment services – plans which saw its stock rise Read more…
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Tencent and Line team up on mobile payments: report
TOKYO (Reuters) – Tencent Holdings and Japanese chat app operator Line Corp will tie up to offer mobile payment services for small Japanese retailers aiming to attract business from Chinese tourists, the Nikkei business daily Read more…
