Tencent Holdings

Chinese tech giant Tencent Holdings wins approval for gaming blockbusters

It was only the second time the Chinese tech giant gained licences for blockbuster titles since Beijing resumed issuing them in April

Tencent to hand $20 billion Meituan stake to shareholders as sales slip

Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses

Tencent targets $14.5 bn in divestments of listed equity portfolio: Report

Food-delivery service Meituan is among the assets that are in the pipeline for divestment, the paper reported.

China's Tencent reports first-ever drop in revenue as economy sinks

Revenue from online games decreased both at home and abroad by 1%

China's Tencent Holdings may sell $24-billion stake in food delivery firm

Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake

Tencent Holdings top backer Prosus to cut $134 billion stake: Report

Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company's biggest shareholder, will unload its stock

Tencent Holdings's revenue grows at slowest pace in 2 decades

Tencent Holdings's revenue grew at the slowest pace since its 2004 listing, showing the financial toll of China's crackdown on its most lucrative businesses from gaming to advertising.

Chinese authorities mulls Tencent Holdings payments overhaul

The potential move would present a fresh hurdle for Tencent, which along with other internet firms was told in 2021 to cordon off financial services from its main business.

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

Tencent dives 10% on report of record fine for money laundering

Tencent itself has thus far mostly escaped formal regulatory action

Tencent Holdings leads China tech selloff amid fears of further crackdown

Traders pointed to everything from warnings from regulators over the weekend about scams in the metaverse

PUBG Mobile emerges as top grossing mobile game worldwide for Jan 2022

About 64 per cent of PUBG Mobile's revenue was from China

PUBG owner Tencent plans to take US-listed streaming firm DouYu private

Shares in DouYu, one of Tencent's main platforms for game marketing and China's No. 2 videogame streaming site, surged as much as 17.6% on the news, closing 14% higher on Thursday

Chinese tech stocks plunge on Tencent Holdings sale, fine on Alibaba

The Hang Seng Tech Index fell 4.6%-the most since July-in a third straight day of declines

Tencent Holdings to hand out $16 bn of JD.com shares as dividend

Tencent's handout may buy goodwill with the government, which has pushed for the dismantling of barriers and for tech firms to share the wealth

China fines tech giants Alibaba, Tencent over anti-monopoly violations

Chinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions

Tencent says Beijing may support metaverse - as long as it obeys China

"The Chinese government will be in support of the development of such technologies as long as the user experience is actually provided under the regulatory framework," said Tencent's Lau

China's internet crackdown pushes Tencent to slowest profit growth in 2 yrs

Revenue climbed 13% to 142.4 billion yuan, slightly below expectations, and was the slowest quarterly growth since the company went public in 2004, Refinitiv data showed

Parents laud Chinese rules aimed at kids' 'unhealthy' gaming

Li Zhanguo's two children, aged eight and four, don't have their own smartphones, but like millions of other Chinese children, they are no strangers to online gaming

Tencent bows to regulator, opens WeChat to rival application links

Tencent had restricted users from sharing content from Douyin. In Feb, Douyin filed a complaint at a Beijing court saying this was monopolistic behaviour