Tag: Tencent
China Mulls Harder Antitrust Rules For Payments Industry
China’s central bank has proposed stepping up antitrust measures for companies in the non-bank payments industry, such as Ant Group’s Alipay and Tencent’s WeChat...
China Fines Alibaba, Tencent For Antitrust Breaches
Alibaba, Tencent-backed China Literature, and Shenzhen Hive Box Technology were each fined 500,000 yuan (US$76,463) by the State Administration for Market Regulation (SAMR), reported...
Alibaba, Tencent Hold Off Talks To Buy iQIYI
Alibaba Group and Tencent have each held separate talks with Baidu to acquire a controlling stake in video streaming service iQIYI, people with knowledge...
Tencent Believes Big Tech Needs Greater Oversight
Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”
Lau’s comments came when the China-based company registered...
Tencent Agrees To Comply With Chinese Regulators
As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten...
Tencent In Talks To Create $10B Streaming Giant In China
Tencent Holdings, widely known for its mobile text and voice messaging service WeChat, is behind extensive talks to merge China’s biggest game-streaming platforms, reported Bloomberg...
China: Tencent under investigator by regulator
Tencent Music Entertainment (TME) is currently under investigation by China’s antitrust authority, according to a report in Bloomberg published August 27, citing people familiar...
China: Tencent, Alibaba team to create $1.45B car-sharing service
Another startup has appeared to challenge Didi in China, and this one has backing by some of the biggest financial names in the industry.
TechCrunch...
India: Tencent has first right to buy in future Flipkart share...
US-based retail giant Walmart has announced that Flipkart’s minority shareholder Tencent would have the first “right to purchase” if any shareholder of the Indian...
US: Google in talks with Tencent, others for cloud services in...
Alphabet's Google is in talks with Tencent Holdings, Inspur Group, and other Chinese companies to offer its cloud services in the mainland, Bloomberg reported...
