Tencent Holdings News


China targets Jack Ma’s Alibaba empire in monopoly probe

Once hailed as drivers of economic prosperity and symbols of the country’s technological prowess, Alibaba and rivals like Tencent Holdings Ltd. face increasing pressure from regulators

2 min read24 Dec 2020

Tencent to engage with Indian authorities to ensure availability of app

Chinese gaming and social media group Tencent Holdings Ltd said it takes the protection of user privacy and data seriously, in response to India's banning of Chinese apps

1 min read3 Sep 2020

Tencent gains $26 billion after US reassurances on WeChat ban

The WeChat owner jumps as much as 4.2% in Hong Kong after people familiar with matter said the Trump administration is privately seeking to reassure US companies including Apple that they can still do business with Tencent’s WeChat messaging app in China

1 min read24 Aug 2020

Google couldn’t help this Chinese games startup Chushou TV beat Tencent

The mobile-focused streaming network Chushou TV’s downfall on July 2 comes just two years after it received $120 million in investment from backers including Alphabet Inc.’s Google

2 min read7 Jul 2020

Tencent bets big on Indian tech startups amid China slowdown

Firm’s move comes amid slump in VC funding in its home marketTencent started investing in Indian startups in 2014, when it led a Series B round in Ola

2 min read25 Jul 2019

Tencent's sudden surge leaves traders stumped

Tencent shares have risen over 8% this week as Chinese investors purchased a net $304 million of shares through Hong KongTencent Holdings has now rebounded almost 50% since its October low, including the best three-day gain since November

1 min read6 Mar 2019

Reddit valued at $3 billion after raising $300 million in latest funding round

The series D funding round saw a $150 mn investment from Tencent and the firm's former investors, including Sequoia, Fidelity, Tacit and Snoop DoggReddit has over 20 investors, including Advance Publications, which owns Conde Nast, Reddit's one-time parent company

1 min read12 Feb 2019

Asian firms set for first quarterly profit drop since mid-2016

Analysts expect profit to drop by an average 8% for about 2,000 Asian companies over October-December from a year ago

2 min read28 Nov 2018

Tencent in talks to join group bidding for Amer Sports

Roping in Tencent could help the investor group boost Amer's brands in Chinaone of the world's biggest online shopping markets

2 min read15 Nov 2018

US tech giants eye artificial intelligence key to unlock China push

Amazon and Microsoft announce plans to build new artificial intelligence research labs in Shanghai, Google showcases a growing suite of China-focused AI tools

3 min read18 Sep 2018
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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