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Alibaba headlines record funding for $2.5 billion Chinese AI startup
(
readwrite.com
)
2024-2-28
China
Alibaba
Startup
AI
In amended filings, Alibaba discloses previously unknown stakes by the Chinese government in more than 12 of its business entities, following a US SEC inquiry
(
www.bloomberg.com
)
2024-2-28
China
Alibaba
S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11%
(
www.hollywoodreporter.com
)
2024-2-23
Tencent
Reddit
Beijing-based Moonshot AI, which launched its AI chatbot Kimi Chat in October 2023, raised $1B+ led by Alibaba and HongShan, reportedly at a ~$2.5B valuation
(
www.scmp.com
)
2024-2-21
Alibaba
AI
chatbot
Tencent's gaming cash cow Honor of Kings sets sights on MENA
(
techcrunch.com
)
2024-2-21
Tencent
Sources: Saudi Arabia is mandating that Alibaba, SenseTime, and other Chinese tech companies invest in the kingdom and share expertise to secure huge deals
(
t.co
)
2024-2-20
China
Alibaba
Arabia
Saudi Arabia
Alibaba faces reckoning with once-vaunted ‘new retail' strategy
(
techcrunch.com
)
2024-2-16
Retail
Alibaba
An interview with Supercell CEO Ilkka Paananen, as Tencent's Finnish mobile gaming group seeks its next big hit; Clash of Clans had $10B+ in revenue in 10 years
(
t.co
)
2024-2-14
Mobile
Interview
Tencent
Finland
Chinese factories that transformed rural communities by selling goods on Alibaba's Taobao and Tmall are turning to rival platforms like Pinduoduo to stay afloat
(
t.co
)
2024-2-14
China
Alibaba
Alibaba Reduced Headcount by a Further 20,000 in 2023
(
slashdot.org
)
2024-2-8
Alibaba
Alibaba cut ~20K staff during 2023, ending December with 219,260 employees, after cutting roughly the same number in 2022, and bought $9.5B of its stock in 2023
(
www.bloomberg.com
)
2024-2-8
Alibaba
Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down to ~$2B, Taobao and Tmall Group revenue up 2% YoY to ~$18B, and plans a $25B share buyback
(
www.bloomberg.com
)
2024-2-7
Alibaba
Tencent working on a mobile version of Elden Ring
(
readwrite.com
)
2024-2-7
Mobile
Tencent
Sources: Tencent plans to adapt acclaimed role-playing console game Elden Ring into a mobile version, after acquiring licensing rights from FromSoftware in 2022
(
www.reuters.com
)
2024-2-6
Mobile
Tencent
Tencent working on mobile version of hit console game ‘Elden Ring', sources say
(
indianexpress.com
)
2024-2-6
Mobile
Tencent
YouTube says a “Vision Pro app is on our roadmap” but doesn't offer a timeframe; YouTube videos in 360 and VR playback modes are not viewable in visionOS Safari
(
www.theverge.com
)
2024-2-6
VR
YouTube
Qihoo
Is Hasbro offloading D&D to China's Tencent?
(
readwrite.com
)
2024-2-2
China
Tencent
Tencent chief says gaming business under threat, catching up in AI
(
indianexpress.com
)
2024-1-31
AI
Tencent
Tencent's 'League of Legends' developer Riot Games announces layoffs of 530 staff
(
apnews.com
)
2024-1-28
Tencent
Layoffs
Xianyu, Alibaba's online second-hand goods trading platform that claims to have 500M+ users, is opening its first bricks-and-mortar store in Hangzhou, China
(
www.scmp.com
)
2024-1-24
China
Alibaba
Sources: Jack Ma and Joe Tsai become Alibaba's largest shareholders after buying shares worth ~$50M and ~$150M, respectively, in Q4, together eclipsing SoftBank
(
www.scmp.com
)
2024-1-24
Jack Ma
Alibaba
4Q
China's gaming regulator takes down draft rules, published in December to set spending limits and ban daily login rewards in online games; Tencent rose 6%+
(
www.reuters.com
)
2024-1-23
China
Tencent
Ban
Tencent-owned Riot Games plans to lay off 530 employees globally, or about 11% of staff, saying Riot “more than doubled in headcount” over the past few years
(
www.bloomberg.com
)
2024-1-23
Tencent
Knockoff Iranian Drone Sold on Alibaba Was Meant for War, Documents Show
(
www.vice.com
)
2024-1-19
Alibaba
Drone
Iran
Tencent releases EvalCrafter on Hugging Face
(
huggingface.co
)
2024-1-19
Tencent
Meituan's stock dips below its 2018 IPO price, closing 85% down from an all-time high; Alibaba and Tencent are down 78% and 60%+ respectively from their peaks
(
www.bloomberg.com
)
2024-1-18
IPO
Alibaba
Tencent
A look at Tencent's bet on Weixin Palm Payment, a palm scanning system launched in China in May 2023 for users of Weixin Pay, WeChat's sister app
(
www.cnn.com
)
2024-1-17
China
WeChat
Tencent
Former Finance Minister of Greece, Yanis Varoufakis, explaining how market platforms like Amazon and Alibaba are outside of Capitalism and the Free Markets. They've created Digital Fiefdoms
(
v.redd.it
)
2024-1-16
Amazon
Alibaba
Greece
ByteDance says it is in talks with multiple prospective buyers, including Tencent, to sell its Nuverse gaming unit as part of a plan to exit the gaming industry
(
www.reuters.com
)
2024-1-9
Tencent
Sources: Alibaba, Tencent, Baidu, and ByteDance aren't keen on buying Nvidia's lower-powered AI chips and are shifting some orders to Huawei's China-made chips
(
www.wsj.com
)
2024-1-7
China
Alibaba
AI
Tencent
Nvidia
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