Tencent

China’s most valuable company bought back 3.93 million Hong Kong-listed shares on Tuesday, the most since April 2006, Bloomberg-compiled data show.

Tencent shares decline after US adds company to Chinese military blacklist

The blacklisting threatens to further escalate tensions between the world’s two largest economies

Tencent, Guillemot family mulling buyout of 'Assassin's Creed' maker Ubisoft

Guillemot Brothers and Tencent have been speaking with advisers to help bolster Ubisoft’s value, and stabilize the company, Bloomberg said, citing people familiar with the matter.

Tencent likely to sell entire Dream11 stake to Singapore's Tiga for $150 million: Report

Tiga’s acquisition has received clearance from the Competition Commission of India (CCI) through its expedited approval process

World Street | Nvidia's stellar earnings, Pfizer's cost-cut plans, Target's weak guidance and more

From a brewing price war in China's AI chat bot space to Nvidia delivering strong quarterly results, here's a look at some of the major developments from across the world.

China announces stricter online gaming regulations: Here is all you need to know

China's efforts to regulate online gaming encompass restrictions on recharges, the prohibition of features promoting extended gameplay, and measures aimed at curbing obsessive gaming behavior.

Tencent sheds $54 billion as China unveils latest gaming curbs

Beijing’s top gaming regulator on Friday published draft rules broadly designed to clamp down on practices that encourage players to spend more money and time online.

Chinese giant Tencent eyes India comeback with Undawn game launch

The launch comes nearly three years after Tencent withdrew all of its games and mobile apps, including its popular messaging app WeChat, from India.

China AI startup MiniMax raising over $250 million from Tencent-backed entity, others: Report

The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and prompting a flurry of domestic companies, such as Alibaba, Huawei, and Baidu, to announce rival products.

Tencent offloads 2.1% stake in PBFintech for Rs 562 crore

The company reported a loss of Rs 8.95 crore from Rs 219.60 crore in the same quarter a year ago, during its March quarter earnings.

Tencent slashes cloud service prices by up to 40% as price war intensifies

The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.

ByteDance’s profit surges 79%, exceeding Alibaba and Tencent

Earnings before interest, tax, depreciation and amortization, or Ebitda, jumped 79% to about $25 billion in 2022, the report said, citing two investors briefed on the numbers.

Tencent reports first annual revenue drop

The world's largest video game company and the operator of the WeChat messaging platform turned in a revenue of 554.55 billion yuan for 2022, down 1% from a year earlier.

Tencent scraps plans for VR hardware as metaverse bet falters: Report

The world's largest video game publisher had ambitious plans to build both virtual reality software and hardware at an "extended reality" XR unit it launched in June last year for which it hired nearly 300 people.

Tencent, NetEase shares rise as China gaming crackdown eases

Tencent's shares rose as much as 1.7% in early trade before paring gains, while NetEase's stock jumped as much as 5.8% to its highest in more than four months.

Tencent bets big on WeChat Channels in push to build its own TikTok

The show is just one of many events held by WeChat owner Tencent to promote the app's short-video platform - described by the tech giant's founder Pony Ma as "the hope of the company".

Tencent’s return to top 10 club shows China rebound bets soaring

The Chinese tech giant’s return to the group of biggest global companies also underscores the whipping US stocks have taken over the last year, primarily due to massive monetary tightening by the Federal Reserve.

Chinese billionaire's harsh message to staff: 'You can't even survive as a business, yet you're...'

Pony Ma also told off employees for rampant corruption occurring across ranks and hinted at businesses getting cut if they did not perform well.

Tencent to distribute $20.3 billion in Meituan shares as Q3 sales drop

Tencent, the world’s largest video game company and the operator of the WeChat messaging platform, said it will transfer 958.12 million shares in Meituan, representing approximately 90.9% of the Class B ordinary shares it held in Meituan.

What the eclipse of Tencent by a liquor company says about Xi’s China

Kweichow Moutai has overtaken the tech group in market capitalisation thanks to the whims of one man

Book review: 'Influence Empire' doesn't start as a cautionary tale, but ends up being one

What has enabled Tencent to compete with Jack Ma’s Alibaba? Why did Donald Trump try to curtail American investments in Tencent? How does Tencent benefit from investing in start-ups? The book engages with questions that are confounding for people outside China.

Tencent Music opts for Hong Kong listing by introduction, to debut next week

The company said New York will remain its primary listing venue and the company's U.S. and Hong Kong stock will be fully fungible. Its Hong Kong shares will trade under the stock code

Fighting to survive, Tencent-backed music app Gaana turns to subscriptions

Gaana, also backed by Times Internet, said in the email that talks with a potential acquirer had also "fallen through".

China’s mega corporations are under threat at home and abroad

Overseas investors too have been pulling money out of the country at a furious pace, fearing more uncertainty and continuing government crackdowns as part of its zero COVID policy

Tencent targets about $14.5 billion in divestments

Food-delivery service Meituan is among the assets that are in the pipeline for divestment, the paper reported. A reduction in the stake could ease pressure from anti-monopoly regulators. An email to a Tencent spokesperson in the US wasn’t immediately returned.