Pony Ma, the reticent founder of Tencent Holdings, China's biggest social media and video games company, met with China's antitrust watchdog officials this month to discuss compliance at his group
Tencent is having to offer concessions in a plan to merge the country's top two videogame live-streaming sites in order to resolve antitrust concerns, people with knowledge of the matters said
Chinese regulators summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of 'deepfake' on their platforms, stepping up scrutiny of the sector
Like Ant, it will probably be required to establish a financial holdco
Antitrust regulator fines twelve companies under anti-monopoly law
January 2021 recorded three large deals worth $680 mn compared to five large deals worth $1.4 bn in January 2019 and 12 large deals worth $6 bn in December 2020
The move comes amid Beijing's unprecedented crackdown on its home-grown internet platforms
Tencent's shares fell 1.4% in early trade in Hong Kong on Thursday, while the broader market slipped 0.3%
To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games
Tencent, China's biggest social media and video games company, said in a social media post that it had reported 40 employees to authorities since it started an anti-graft campaign in fourth quarter
Ma, lionised at home for creating some of his country's largest corporations, didn't make the cut in a Shanghai Securities News front-page commentary lauding the leading lights of technology
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co. and its biggest rival Tencent Holdings
The Trump administration is considering adding Alibaba Group Holding and Tencent Holdings to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military
Tencent sells some of the top-ranked online games worldwide
The purchase will bring Tencent's holding in the music group to 20 per cent following a deal last year for a stake at the same valuation
TikTok owner ByteDance has also internally looked at the possibility of acquiring a controlling stake in iQIYI
Investors were also told by Udemy that the company could pursue an initial public offering next year
Wednesday's selloff sent Alibaba shares down 7%, while analysts estimated that Ant's $280 billion valuation could be cut in half due to stricter regulations. Both companies were co-founded by Jack Ma
The WeChat users said the ruling will avoid an "unprecedented shutdown of a major platform for communications relied on by millions of people in the United States
HONG KONG (Reuters) - China Evergrande New Energy Vehicle Group Ltd <0708.HK> said on Tuesday investors including Tencent Holdings Ltd <0700.HK> and Sequoia Capital will buy HK$4 billion ($516.12 million) worth of company shares in a share sale.