Tencent

Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong (www.bloomberg.com)
9 days ago Mobile Tencent

Tencent partners with Visa to launch a palm biometric authentication payment service at stores and restaurants in Singapore, its first expansion outside China (t.co)
13 days ago China Tencent Singapore

Naspers and Prosus CEO Fabricio Bloisi says he is overhauling corporate culture and pay structures in search of growth beyond Prosus' stake in Tencent (t.co)
25 days ago Tencent

Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout (indianexpress.com)
2024-10-6 Tencent

Tencent, Guillemot Family Mull Ubisoft Buyout Amid Share Slump (slashdot.org)
2024-10-5 Tencent

Sources: Tencent and Ubisoft's founding Guillemot family are considering options including a buyout of Ubisoft after it lost 50%+ of its market value this year (www.bloomberg.com)
2024-10-5 Tencent

Sources: Tencent is the unidentified shareholder that raised about $206M after selling Chinese brokerage-platform Futu's American depositary shares (www.bloomberg.com)
2024-9-27 China U.S. Tencent

Sources: Apple approves a WeChat update for iOS, as talks continue with Tencent to offer IAP and block links to external payment services in mini games (www.bloomberg.com)
2024-9-6 IOS Apple WeChat Tencent

Alibaba will let shoppers check out via Tencent's WeChat Pay on its Taobao and Tmall shopping platforms, as Chinese government crackdown on Alibaba ends (www.bloomberg.com)
2024-9-4 China Alibaba WeChat Tencent

Sources: Tencent and NetEase reconsider or scale back Japanese game studio investments, after the strategy yielded few hit games and the Chinese market revived (www.bloomberg.com)
2024-8-30 China Japan Tencent

Chinese tech giants splurge on AI infrastructure, doubling their capex in 2024; Alibaba, Tencent, and Baidu had a combined ~$7B capex in H1 2024, up 117%+ YoY (www.ft.com)
2024-8-29 China Alibaba AI Tencent

Chinese-made, Tencent-backed game Black Myth: Wukong sold 10M copies in just 83 hours, one of the fastest game debuts in history, earning an estimated $450M+ (www.bloomberg.com)
2024-8-26 China Tencent

Chinese tech giants splurge on AI infrastructure, doubling their 2024 capex; Alibaba, Tencent, and Baidu had a combined capex of ~$7B in H1 2024, up 50%+ YoY (t.co)
2024-8-26 China Alibaba AI Tencent

Since 2023, Chinese investors, including Alibaba and Tencent, have valued 6+ China-based startups developing LLMs, dubbed “Little AI Dragons”, at $1B+ each (www.wsj.com)
2024-8-21 China Alibaba Startup AI Tencent

Black Myth: Wukong, a Chinese-made, Tencent-backed game, became Steam's fourth most popular title ever within hours of its launch with 1.4M+ concurrent players (www.bloomberg.com)
2024-8-20 China Tencent

Tencent says it is exploring with Apple ways to offer in-app transactions via iOS' payment system, the first acknowledgment of talks with Apple (www.bloomberg.com)
2024-8-15 IOS Apple Tencent

Tencent reports Q2 revenue up 8% YoY to ~$22.5B, meeting est., and a $6.6B net income, above $5.6B est., after releasing blockbuster Dungeon & Fighter Mobile (www.bloomberg.com)
2024-8-14 Mobile Tencent

Sources: Chinese generative AI startup Moonshot raised $300M+ at a $3.3B valuation from Tencent, Alibaba, and others, after raising $1B in February 2024 (www.bloomberg.com)
2024-8-5 China Alibaba Startup AI Tencent

Sources: Apple in recent months has demanded Tencent and ByteDance close loopholes used by their in-app creators to funnel users to external payment systems (www.bloomberg.com)
2024-8-2 Apple Tencent

Tencent-backed Shift Up closed up ~18% after raising $320M in its Seoul IPO, the largest South Korean IPO by a gaming company since Krafton raised $3.8B in 2021 (www.bloomberg.com)
2024-7-11 Korea IPO Tencent

Tencent's shares are up 28% so far in 2024 after the strong debut of Dungeon & Fighter Mobile, adding $91B in market value, more than any other Chinese company (www.bloomberg.com)
2024-6-28 China Mobile Tencent

Citizen Lab: Microsoft censors its Bing translation service more extensively in China than its competitors like Baidu Translate and Tencent Machine Translation (restofworld.org)
2024-6-27 China Microsoft Tencent

Sensor Tower: Dungeon & Fighter Mobile generated $270M in Chinese iOS sales in the 30 days after its launch on May 21, marking Tencent's biggest release in 2024 (www.bloomberg.com)
2024-6-26 IOS China Mobile Tencent Sensor

A look at Tencent's removal of hit game Dungeon & Fighter from Android app stores in China, some of which have default sales split of 50% on games revenue (www.bloomberg.com)
2024-6-26 Android China Tencent

Tencent removes hit game Dungeon & Fighter from select Android app stores after its contracts expired; local media says the app stores include Huawei and Oppo (www.reuters.com)
2024-6-20 Android Tencent OPPO

Sources: Huawei, which is considering taking a cut of in-app purchases on HarmonyOS, nears a deal with Tencent to exclude WeChat from revenue sharing (www.bloomberg.com)
2024-6-19 WeChat Tencent

Tencent-owned Supercell, the developer behind Clash of Clans, releases Squad Busters, its first title in over five years; Supercell had €1.7B in 2023 revenue (t.co)
2024-5-29 Tencent

Sensor Tower: Tencent's Dungeon & Fighter Mobile generated $140M+ in player spending in its first week in China, and 2.6M iOS users downloaded the game in China (www.bloomberg.com)
2024-5-29 IOS China Mobile Tencent Sensor

Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization (www.bloomberg.com)
2024-5-14 WeChat Tencent

Sources: in recent months, China asked ByteDance, Tencent, Alibaba, Baidu, and others to cut back on Nvidia purchases in favor of chips made by local companies (www.theinformation.com)
2024-5-13 China Alibaba Tencent Nvidia

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