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The Latest Breaking News from Tencent

Australian Senate committee recommends government ban on TikTok be extended to WeChat

An Australian Senate committee has recommended a ban on the Chinese-owned video-sharing app TikTok from federal government devices be extended to China’s most popular social media platform, WeChat

The Independent UK

Will Tencent Holdings Regain Favor Among Investors?

After plunging to a 6-year low in October 2022, Tencent Holdings Ltd (TCEHY ) rallied to a 17-month high in January. However, the stock has since moved sideways as the company has fallen out of favor with Chinese investors. According to Bloomberg data, onshore investors have sold Tencent Holding shares...

Barchart

TikTok ban on Australian government devices should also cover WeChat, parliamentary committee recommends

Senate committee examining foreign interference on social media says it is ‘concerned’ with ‘unique national security risks’ the companies pose

The Guardian - AU

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‘The everything app’: why Elon Musk wants X to be a WeChat for the west

Twitter owner’s rebranding is part of larger strategy to add payment functionality and more

The Guardian - UK

WeChat user numbers plummet nearly 30% in Australia amid concerns of Chinese interference

Owner gives parliamentary inquiry no reason for fall over three years but says China’s government could not conduct surveillance on app

The Guardian - AU

Tencent claims another one, will become 'majority shareholder' of Dying Light studio Techland

Techland says the deal will help ensure its new fantasy-action game lives up to expectations.

PC Gamer

Tencent acquiring majority of shares in Dying Light developer Techland

Tencent is becoming the majority shareholder in Dying Light developer Techland.

Windows Central

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WeChat Lets Users Link Overseas Cards for Everyday Payments in China

Tencent’s ubiquitous platform now allows people from overseas with certain international bank cards to access tens of millions of merchants

Caixin Global

The Barbie ban and China’s hold over Hollywood

Vietnam has banned the new “Barbie” film because it features a map showing China’s claim to the South China Sea.

The Week

No Trade Is Free review: Trump’s man plots an unusually civil course

Robert Lighthizer, once US trade representative, is a rare aide of little interest to investigators. His readable book shows why

The Guardian - US

Ant to buy back shares at 70% lower valuation than at IPO

Jack Ma-backed Ant Group Co is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit for investors ensnared by a years-long regulatory crackdown at the company.

The Times of India

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Bangkok Post

US Set To Restrict China’s Access To Cloud Computing Services From Amazon, Microsoft

China's access to the Microsft and Amazon will be limited as the U.S. see Chinese techologies as national security concerns.

Zenger

Meta’s China Return Hits Roadblocks Over CEO’s Image And Censorship Worries

Meta's attempt to re-enter China faces challenges due to CEO's non-friendly image and concerns over censorship rules.

Zenger

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Tribune News Service

Billionaires and bureaucrats mobilize China for AI race with US

China’s tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.

Bangkok Post

Chinese billionaires go all-in on AI

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

TechRadar

Amazon sets its sights on Lord of the Rings for new MMO project

An agreement has been reached to allow Amazon Games to develop a new MMO set in the world of The Lord of the Rings.

PC Gamer

Amazon is making another Lord of the Rings MMO, despite cancelling the last one

It's in the early stages of production with the New World team at Amazon Games Orange County.

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news in one place.

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Windows Central

Xbox hasn't 'given up' on the console war — they already stopped taking part

Following Phil Spencer's comments on Kinda Funny Xcast, some of the Xbox community has taken key quotes about Xbox and its position in the console market wholly out of context in the wider debate about how Xbox measures success.

Caixin Global

Weekly Must-Read: Top Chinese Digital Banks Report More Bad Loans but Higher Earnings

Ant-backed MYbank and Tencent-backed WeBank disclose higher nonperforming loan ratios amid the pandemic yet liquidity metrics remain healthy

Newsroom.co.nz

Hong Kong, c/- China

Part two of our special report on the Hong Kong international writers festival.

TechRadar

Tencent users targeted by dangerous mobile malware

ESET spots a highly targeted, advanced cyber-espionage campaign attacking Tencent users.

Barchart

Foreign Investors Remain Wary of China

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

Fortune

SenseTime, Alibaba announce China ChatGPT competitors

SenseTime and Alibaba both announced new A.I. services in an effort to catch up to OpenAI's offerings.

Bangkok Post

Tencent Cloud facilitates ‘China Connect’,

With its strong productivity and rapid economic growth, China is today one of the leading destinations for businesses from across the globe and full of opportunities. However, unique characteristics such as competitor and consumer behaviour and local culture and regulations, have made it critical for organisations to have an experienced…

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