News
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…
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Tencent slashes games marketing budget, sources claim
BEIJING/SHANGHAI (Reuters) – Chinese tech giant Tencent is cutting the marketing budget for its key gaming division, two sources told Reuters on Thursday, amid a crackdown on the industry in the mainland and a lengthy Read more…
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Tencent restructures as it faces increased regulatory challenges
BEIJING (Reuters) – Chinese internet giant Tencent Holdings announced on Sunday its first restructuring in six years, done at a time it faces increased challenges from tighter government regulations. The reshuffle comes as Tencent Holdings, Read more…
Features
Tencent and Alibaba square off over SEA remittance market
JAKARTA/HONG KONG (Reuters) – For Chinese tech giants Alibaba and Tencent, Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services. Both companies recently launched money-transfer services that Read more…
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Tencent folds on Texas Hold’Em amid games crackdown
BEIJING/SHANGHAI (Reuters) – Tencent will shut a popular Texas Hold’Em poker video game, the Chinese tech giant said to its users on Monday, in a further step to comply with intensifying government scrutiny hitting the Read more…
News
Tencent loses $20b in market value over games crackdown
HONG KONG/BEIJING (Reuters) – Tencent Holdings’ market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the Read more…
Off the Wire
Tencent brings its WeChat Pay service to Malaysia
WeChat has announced its launch of WeChat Pay MY in Malaysia, and names KK Super Mart as the first chain store in Malaysia to accept it as a payment option. WeChat Pay MY enables users Read more…