New digital payment rules likely to hit Ant Group, Tencent
The new antitrust rules for China’s digital payment market could trigger a regulatory review of Ant Group and Tencent based on market share.
Tencent Cloud Supports World Rowing to Deliver Virtual Indoor Rowing Championships to Global Audience
Both have entered into an agreement designed to strengthen the strategic collaboration in business and cloud technology support Tencent Cloud, the cloud business of Tencent, … Read more
Bytedance unveils Douyin mobile payment tool to rival Alipay, WeChat
Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.
Pinduoduo blasted for user privacy breach, Luckin franchises: Retailheads
Pinduoduo is under fire again for deleting pictures from a user’s photo album without consent. Luckin opens up to franchises in lower-tier cities.
WeChat doubled mini program GMV in 2020
The Covid-19 pandemic accelerated consumer adoption of e-commerce on WeChat and powered growth, as confined shoppers spent more time browsing on the app.
Insights | Why ‘996’ just won’t go away
996 is still a problem in China’s tech industry. It’s brutal to employees, and it’s questionable whether overtime work pays off even for companies.
Tencent Music Partners with Norwegian Embassy in China on Collaborative Music Album
Tencent Music Entertainment Group, the leading online music entertainment platform in China, has partnered with the Royal Norwegian Embassy in Beijing to launch a collaborative … Read more
Tencent-Led Consortium Exercises Call Option to Acquire Additional Equity Interests in Universal Music Group
Tencent Holdings Limited announces today that a Tencent-led consortium has exercised its call option to acquire an additional 10% equity stake in Universal Music Group … Read more
Tencent Sets Up Its New Cultural and Creative Headquarters in Chengdu High-tech Zone
Tencent, one of the largest integrated Internet service providers in China and one of the world’s top 500 enterprises, has ramped up its investment in Chengdu to … Read more
China’s new gaming rules ban blood, gambling and some games based on the Chinese imperial past
Since December 2018 China started approving new licenses (ICP Certificate) for video games. But the government has also released new guidelines on how to obtain … Read more
Reddit is experiencing a user uprising against China because Tencent will invest heavily in the platform
Reddit’s homepage, as well as many other popular subreddits (forum dedicated to a specific topic), are filled with posts and images that highlight the authoritarian … Read more
China to restart game approvals
The prolonged freeze on approvals for new games is finally coming to an end. After the licenses for new video games have been frozen for … Read more
An awful year for the Chinese hi-tech giants
Until recently, China’s tech giants seemed to pose a real threat to Silicon Valley. According to an interesting analysis by Bloomberg, 2018 was a nightmare … Read more
China freezes game approvals amid a government shake-up
According to a report from Bloomberg, the Chinese government has blocked the approval of new licenses for the distribution of video games on its market, … Read more