Friday, April 16, 2021
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Tag: Tencent

Fintech

Tencent Says Cooperation with Regulators Is the Focus of Its Fintech Strategy as Revenues Surge Nearly 30%

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Tech giant Tencent has made explicit its eagerness to cooperate closely with Chinese regulators following a sharp tightening in regulation of the...
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Economy

Tencent Emerges as China’s Leading Start-up Investor with 40% Surge in 2020

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Chinese tech giant Tencent dramatically expanded the number of start-up enterprises it took stakes in last year, emerging as a leading player...
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Finance

Tencent and SoftBank Lead USD$300 Million Series E Funding Round in AI Services Platform PatSnap

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Internet giant Tencent has just co-led a fresh founding round for London-headquartered artificial intelligence (AI) company PatSnap (智慧芽).
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Fintech

Tencent Venture Company Takes Stake in Beijing Tech Start-up

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A Tencent subsidiary has acquired a modest stake in a fledgling Beijing tech firm.
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Economy

Tencent’s Pony Ma Submits Proposal for Greater Regulatory Protections of Online Funds to Chinese Congress

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The head of Chinese tech giant Tencent has called for Chinese regulators to step up their protections of fintech and e-commerce users...
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Banking

Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform

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The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own...
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Banking

Tencent Reportedly Secures USD$8.3 Billion Offshore Loan from 12 Bank Syndicate

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Chinese media reports that tech giant Tencent has secured a mammoth offshore loan from a syndicate of a dozen banks.
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Fintech

Beijing Intellectual Property Court Agrees to Hear ByteDance’s Anti-trust Lawsuit against Tencent

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A legal battle between two of China's leading online tech giants has taken a major step forward after a court in Beijing...
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Economy

Tencent Makes Foray into Gene Testing with $31 Million Funding Round

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Internet giant Tencent has expanded its presence in the biotech sector with a major investment in a Chinese gene testing company.
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Economy

Legal Battle Breaks Out Between ByteDance and Tencent over Exclusion of Douyin Content from WeChat

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TikTok-owner ByteDance has filed a lawsuit against Chinese Internet giant Tencent for barring content from Douyin on its platforms.
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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

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China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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