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The Latest Breaking News from Tencent

China’s government to take golden shares in Alibaba, Tencent

BEIJING: Chinese government entities are set to take so-called “golden shares” in units of Alibaba Group Holding Ltd and Tencent Holdings Ltd, suggesting Beijing is moving to ensure greater control over key players in the world’s largest internet arena.

The Times of India

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

Caixin Global

China Allows Pokemon Game Into The Country As Gaming Crackdown Ends

The video game regulators in China has given a nod for release of 44 foreign video games as the country softens up on licensing.

Zenger

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Why 'Call of Duty' game matters to the FTC in Microsoft-Activision deal

Vancouver, Washington, resident Michael Feist has logged nearly 163 hours on "Call of Duty: Modern Warfare II" since it was released two months ago.

Tribune News Service

China Approves 45 Imported Video Games in December

China's online game regulator granted publishing licenses to 45 foreign video games for release in the country on Wednesday, further lifting rigid curbs that have hammered the industry for 18 months. The National Press and Publication Administration approved a total of 45 imported online games including "Pokémon Unite" by Nintendo…

Asharq Al-Awsat

Tencent CEO Pony Ma blasts employees for laziness, not cutting costs

Tencent, the world's largest game developer, has had to survive a crackdown in China and a slowing global game market.

Fortune

Chinese Multimedia Giant Tencent Invests In E-Bike Company Tenways

Chinese multimedia company known particularly in the world of video games, Tencent has recently made an investment in e-bike company Tenways.

InsideEVs

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Weekly Must Read: China’s Halting Steps to Dial Back ‘Zero Covid’

As central authorities cite scientific evidence for easing travel and testing rules, local officials worry about being held accountable for new outbreaks

Caixin Global

Shanghai Composite Index Fell 0.25% on Thursday

Shenzhen Component Index closed down 0.15%

Caixin Global

China resumes streaming South Korean content after six-year suspension

A Chinese streaming platform has resumed distributing South Korean content after suspending it for nearly six years, South Korean officials said on Tuesday, in what Seoul called a sign of Beijing's readiness to improve ties.

Reuters

10 Games like PUBG to play if you need a new battle royale to conquer

PUBG may have helped popularize the battle royale, but it isn't the only game in the genre worth your time

GamesRadar

China's economy rotting from the head

China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth?

Bangkok Post

Things Don't Add Up Well in Used Computer Renter's IPO Bid

Key Takeaways: LX Technology, parent of Little Bear Rental, has been approved for a Hong Kong IPO, despite losing over 740 million yuan in the past three and a half years Its major early shareholders, including Tencent, Lenovo and JD.com, have started cutting their ties with the company even before…

Benzinga

What the eclipse of Tencent by a liquor company says about Xi’s China

Kweichow Moutai has overtaken the tech group in market capitalisation thanks to the whims of one man

Financial Times

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Asharq Al-Awsat

China's Video Game Firms Welcomed in Europe

China is investing billions in Europe's video game industry, but analysts have warned that there could be trouble along the road unless regulators start to take stricter notice. Europe is embroiled in long-running disputes with Beijing over trade, environment, education, raw materials, intellectual property -- but so far video games…

The Independent UK

Musk has a 'super app' plan for Twitter. It's super vague

For months, the Tesla and SpaceX CEO has expressed interest in creating his own version of China’s WeChat — a “super app” that does video chats, messaging, streaming and payments — for the rest of the world

Benzinga

Brighter Times Could Beckon for JD.com after Stormy Spell

Key Takeaways: Key factors in a JD share-price rally would be the results of a U.S. regulatory review of Chinese stocks and the expected launch next year of a scheme to promote dual-currency share trading in Hong Kong A settlement in a sexual assault case against company founder Richard Liu…

Benzinga

Elon Musk's 'X' App To 'Rule Them All' Gets Twitter Kickstart — But What Form Could It Take?

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said purchasing Twitter Inc (NYSE: TWTR) would hasten the birth of “X” an app for everything, but the shape the upco

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The Independent UK

China grants gaming license to NetEase, 1st since crackdown

China has granted a game license to its second largest gaming firm, NetEase, the first in over a year in a possible sign Beijing may be easing a crackdown on the industry

Benzinga

Tongcheng Preparing to Stand on Its Own Without Trip.com and Tencent?

Key Takeaways: A new stock exchange filing shows leading online travel agent Trip.com may have begun to sell down its longtime stake in Tongcheng, the industry’s second-largest player China’s online travel industry is riddled with anticompetitive cross-holdings, including Trip.com’s stakes in Tongcheng and Qunar

Benzinga

All in the Family: Cash-strapped ZhongAn Taps Chairman's Ties to Fund a Money-losing Unit

Key Takeaways: Sinolink will buy about 156 million new shares in ZhongAn’s overseas business development unit, ZhongAn International, for about $103 million The deal comes in a difficult year for ZhongAn, whose own cash holdings are dwindling By Warren Yang

Benzinga

Top Financial Stories Thursday, September 08: Amazon Slows Down Hiring, Netflix Focuses On Cost Cutting, iPhone 14 Will Be Available In Russia And More…

Reuters

Asharq Al-Awsat

Ubisoft Shares Tumble as Tencent Deal Seen Dampening Buyout Prospects

Shares in Ubisoft Entertainment tumbled on Wednesday after it announced a deal that sees China's Tencent Holdings raise its stake in the company, a move which analysts say dampens the prospect of a full sale of the French game maker. The deal with Tencent Holdings values the maker of "Assassin's…

Benzinga

Alibaba, Nio Fall Over 2% In Weak Hang Seng Opening: Why Investors Are Focused On Fed's Beige Book, ECB Move

Hong Kong stocks opened lower on Wednesday, with the benchmark Hang Seng Index down 1.43%, as investors braced for the release of the U.S. Federal Reserve's Beige Book (a commentary on economic conditions) due later today and the European Central Bank's policy decision on Thursday.

USA Today Sports Media Group

Tencent and Sony increase stake in Elden Ring studio FromSoftware

Both companies have collectively bought over 30 percent of the studio behind Dark Souls, Sekiro, and Elden Ring.

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