Friday, April 16, 2021
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Tag: Tencent

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

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

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

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

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

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

Tencent Venture Company Takes Stake in Beijing Tech Start-up

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

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

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

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

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

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

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

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

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

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

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

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

TikTok-owner ByteDance has filed a lawsuit against Chinese Internet giant Tencent for barring content from Douyin on its platforms.

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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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