China's Ministry of Industry and Information Technology (MIIT) said on Wednesday it found 43 apps had harrassed users and ordered their parent companies to make rectifications.
China's biggest gaming company, Tencent, said it would review whether it adequately limits children's access to live streaming and other features
While Pony has long had a reputation for staying out of the limelight, that hasn't shielded his company from penalties including antitrust fines and the loss of exclusive music streaming rights
Tencent's pledge to curb gaming for minors came hours after the company's stock plunged as much as 11% following a critique
Shares in Tencent plunged 9.0% in Hong Kong on Tuesday
Meanwhile, experts believe that this development is another example of Beijing's crackdown on influential IT giants
China's internet watchdog said Wednesday it has fined platforms operated by e-commerce company Alibaba and gaming firm Tencent
Chinese conglomerate Tencent has announced to acquire British video game company Sumo Group for $1.27 billion in an all-cash deal.
Tencent Music, China's equivalent to Spotify Technology SA, had been pursuing exclusive streaming rights with record labels including Universal Music Group, Sony Music Group and Warner Music Group
China's market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny
This is new move to tighten control over their fast-developing industries.
Beijing Teenagers Law Aid And Research Center said it filed the lawsuit in a Beijing court on Tuesday, to mark the implementation of an amended protection of minors law
Asia's most valuable company said in a statement it raised $500 million in a 10-year tranche, $900 million in 20-year debt, $1.75 billion in 30 year and $1 billion in 40-year debt
Tencent raised $6 billion in May last year and issued 40-year debt for the first time
38-year-old Zhang Yiming, is among the world's richest people -- a distinction that lately has carried increased risks in China
Beijing-headquartered Waterdrop distributes insurance policies online and provides illness crowd-funding
The deal comes amid a flurry of debt financings by tech giants, with Alibaba Group Holding Ltd. issuing $5 billion of bonds in early February
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