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The Latest Breaking News from Tencent

Fallen Ex-unicorn DouYu Set For Delisting To Move Under Tencent's Wing?

Key Takeaways • 90% drop in DouYu shares over past 12 months may presage a Tencent-led privatization bid in the next year • Company needs strategic rethink on revenue stream diversification as gaming slows in China By James Dyson

Benzinga · Feb 10, 2022

Why DiDi Global Shares Are Rising

DiDi Global Inc - ADR (NYSE: DIDI) shares are trading higher after Tencent Holdings Limited raised its stake in DiDi from 6.4% to 7.4%.

Benzinga · Feb 10, 2022

Here's What Happened Between China Regulator And Alibaba, Tencent

The Cyberspace Administration of China (CAC) said its official publication had carried out interviews with companies like Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and TikTok parent ByteDance, Reuters reports. The interviews followed the January 28 meeting held with 27 firms to discuss "healthy and sustainable" development. Tencent founder and CEO Pony Ma…

Benzinga · Feb 10, 2022

From analysis to the latest developments in health,
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China's Cyber Watchdog Spells Out Development Strategies for Tech Giants

China's cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a "clearer understanding" and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried…

Asharq Al-Awsat · Feb 10, 2022

Why Are DouYu Shares Trading Higher Premarket?

Tencent Holdings Ltd (OTC:TCEHY) looks to take DouYu International Holdings Ltd (NASDAQ:DOYU) private by 2022 end amid disagreements over strategy among executives at the Chinese videogame streaming firm, Reuters reports. Tencent, the biggest shareholder in DouYu, has a 37% stake. Tencent aims to team up with at least one private equity firm for the…

Benzinga · Jan 27, 2022

ZhongAn's Big-Tech Ties In Focus As Alibaba-linked Ant Trims Stake

Key takeaways: • Ant Group, one of the three founders of ZhongAn, disclosed last week it trimmed its stake in the digital insurer • ZhongAn has close business ties to the three parents, especially Ant and its Alibaba affiliate under a platform cooperation agreement

Benzinga · Jan 25, 2022

Tencent-Backed Car Maintenance Startup Eyes Hong Kong Listing

Shanghai-based Tuhu is looking to build up capacity amid growing demand in the world’s largest auto market

Caixin Global · Jan 25, 2022

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Chinese businessman reveals why he bought Scott Morrison's WeChat account

The Chinese businessman who has taken over Scott Morrison's WeChat account insists the transaction had nothing to do with politics.

ABC News · Jan 24, 2022

Australia PM Morrison loses control of WeChat Chinese account as election looms

(Refiles to correct spelling of 'minister' in paragraph 1)

Reuters · Jan 24, 2022

China Regulators Make Another Call for Better Protection of Gig Workers

Four central government ministries issue guidance order to 11 internet giants including Alibaba, Tencent, Meituan and Didi

Caixin Global · Jan 21, 2022

Tencent Emerges As China's Most Valuable Private Company: Hurun Report

Tencent Holdings Ltd (OTC:TCEHY) tops China's most valuable private company list in 2021, according to the Hurun Report. Tencent heads the list with a valuation of $609 billion. Alibaba Group Holding Ltd (NYSE:BABA) dropped to third place. The Hurun Research Institute has released the list of the Top 500 China non-state-controlled enterprises ranked…

Benzinga · Jan 20, 2022

How Tencent Aims To Dodge China's Tech Crackdown

Benzinga · Jan 19, 2022

Microsoft to Gobble up Activision in $69 Billion Metaverse Bet

Microsoft Corp is buying "Call of Duty" maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future. The deal announced by Microsoft on Tuesday, its biggest-ever and set to be the largest all-cash acquisition on…

Asharq Al-Awsat · Jan 18, 2022

Every game company that Tencent has invested in

A quick reference of how China's largest tech conglomerate has quietly expanded into videogames.

PC Gamer · Aug 9, 2020

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