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Wednesday, June 26, 2019

Tag: Tencent

Tencent leads US$250 million round in Chinese travel site Mafengwo

China’s online travel industry is expected to grow 18% to US$143 billion of transactions this year, according to consultancy iResearch.

Tencent beats estimates, signaling worst is behind gaming giant

The Chinese gaming giant's net income rose significantly in the three months ended March, beating estimates and giving their investors assurance that the company is rebounding upwards.

Nintendo says working with Tencent to release Switch in China

The Switch has become a huge global seller, helped by the release of innovative, family-friendly titles that have wowed critics and gamers alike.

Nintendo shares gets a bump after Tencent win approval

Tencent could prove an invaluable ally for the Kyoto-based company in China.

Tencent is said to plan Asia’s biggest dollar bond this year

Tencent’s executives said during earnings call in March the company plans to continue to spend big for content acquirement and production.

Tencent targets 10% of managers for job cuts, demotion

The move comes as Tencent climbs out of one of its deepest troughs.

Tencent-backed online broker Futu rises in trading debut

Futu is the fourth-largest online retail broker in Hong Kong-based on revenue for the six months through June of the previous year.

KKR, China’s Tencent eyeing bids for Universal Music

Universal Music is expected to generate roughly 1.5 billion euros of free cash flow excluding interest payments in 2023.

China regulator stops accepting new video game applications to clear backlog

China's gaming firms are able to continue filing applications which built up backlog as well as the possibility of handing out new titles without any income earned.

Tencent investment in Reddit sparks censorship worry

The popular social news website is known for ask-me-anything sessions.

China’s ‘red packets’ go digital over Lunar New Year

Tencent-owned WeChat said the tally marked a 7% rise over the same period in 2018.

Go-Jek raises US$1 billion in round led by Google, Tencent, JD

Google, Tencent and JD.com have invested in Go-Jek earlier.

Tencent-backed Maoyan prices HK IPO at lower end, raises US$250 million

Maoyan was valued at about US$3 billion at the time of Tencent's investment.

Tencent gets China nod for two mobile games, but not for...

The Tencent games are Wood Joints and Folding Fan, both educational games that teach traditional Chinese architecture and craftsmanship.

China deletes 7 million pieces of online information, thousands of apps

Tencent's Tiantian Kuaibao news app was accused of spreading 'vulgar and low-brow information harmful and damaging to the internet ecosystem.

Tencent-backed movie ticketing platform launches US$345 million HK IPO

Maoyan Entertainment secured two cornerstone investors for its IPO - IMAX Hong Kong and Welight Capital.

Tencent Music raises US$1 billion in US IPO

The IPO is one of several in US by big Chinese technology firms including Alibaba and Baidu.

Tencent music executive is accused of defrauding early investor

The investor is seeking a return of parts of his equity stakes and compensation for the gains he might have realized.

Tencent Music presses play on US$1.2 billion US IPO

Tencent Music Entertainment is looking to raise between US$1.07 billion and US$1.23 billion in a New York Stock Exchange IPO.

China share slump deepens amid dim Trump-Xi meeting hopes

China's financial markets may level off in the near term as caution grows ahead of high-stakes talks between China's President Xi Jinping and US President Donald Trump during a G20 meeting in Argentina.

Xiaomi has chance to justify lofty valuation after 23% slide

Founder Lei Jun describes Xiaomi as an innovation-driven internet company, yet that’s only accounted for an average 9.2% of total revenue in the past two quarters.

Tencent culls WeChat accounts in China’s latest content clean-up

WeChat is cutting limits on official accounts - akin to verified Twitter accounts through which individuals and companies share news and information - to just one per person and two per company.

Tencent logs big profit rise despite China game crackdown

Tencent's earnings were hotly anticipated after the company posted a 2% year-on-year fall in profit in the preceding quarter.

Tencent-backed Chinese travel firm slashes HK IPO size amid weak markets

Tongcheng-Elong had earlier been seeking to raise up to US$1 billion, but weak markets and a slide in Ctrip's share price forced it to slash the size of the IPO.