CHINA TOPIX

03/28/2024 11:32:24 am

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Alibaba, Tencent and other tech companies battle for market domination amid rapidly-changing consumer demand

Experts in the digital services sector in China discussed how Alibaba, Tencent, Metuan, Baidu and other tech companies battle for market domination amid rapidly-changing consumer demand.

Tesla dismissed reports that it plans to open a new factory in Guangdong, China.

Tesla Dismisses Alleged Plan to Build a Factory in Guangdong, China

Tesla has brushed reports that it plans to set up a factory in China's Guangdong province.

Mobike expanded its bicycle-sharing service to 36 cities with more than one million bicycles.

Mobike Joins Tencent to Bring Bike-Sharing Service to Chinese WeChat Users

Mobike Technology Co. Ltd has announced its deepened strategic partnership with Tencent, tapping the 889 monthly active users of WeChat app.

Tencent Acquires Five Percent Stake in Tesla.

Tencent Snaps up Five Percent Stake in Elon Musk’s Tesla

Tencent has picked up a five percent stake in American electric car manufacturer Tesla. The Chinese internet giant has reportedly bought nearly 8.2 million shares in Tesla.

Three Chinese companies landed on the top three spots in global mobile app ranking.

Tencent, Supercell Oy, NetEase Grab Top 3 Spots on Mobile App Ranking

Tencent Holdings Ltd., Tencent-owned Supercell Oy, and NetEase Inc. were named the top three largest global mobile app publishers based on revenue earned in 2016.

Wanda Group and China's UnionPay will expand customer service channels together. (YouTube)

Wanda Group Joins China's UnionPay for Mobile Payment System Expansion

Dalian Wanda Group and China UnionPay have formed a strategic partnership to integrate its offline and online resources.

Tencent's proposal of 'Bay Area' includes Guangdong Province, Hong Kong, and Macau.

Tencent Proposes to Develop 'Bay Area' of China

Tencent Holdings Chairman Pony Ma Huateng plans to create China’s own Bay Area or “Silicon Valley,” which is a large technology hub linking innovation, manufacturing and finance.

Third-party mobile payments in China reached $5.5 trillion in 2016.

China's Mobile Payment Industry More than Tripled to $5.5 Trillion in 2016

China's booming mobile payment network more than tripled to a staggering 38 trillion yuan ($5.5 trillion) in 2016, state media People's Daily reported on Saturday.

WeChat's mini apps do not require download or installation.

Tencent's WeChat Unveils 'Mini Programs'

Tencent has introduced “Mini Program” that do not require download or install, which is considered as a simplified version of Android and iOS apps.

Digital map maker HERE is expanding to China, thanks to its new investors, namely, China's NavInfo and Tencent, and Singapore's GIC.

Mapping Company HERE Receives Chinese Investment

Digital mapping company Here is looking to expand in China, after a consortium of two Chinese companies and Singapore's sovereign fund GIC bought a 10 percent stake from the leading German carmakers controlling the mapping firm.

Starbucks has a plan of adding 12,000 locations in the next five years.

Starbucks Creates Partnership With WeChat for Gift Card and Payment Deal

Starbucks has announced its partnership with Tencent's WeChat, striking a gift card and payment deal.

WeChat has over 806 million monthly active users and most of them are located in China.

WeChat's Censhorship Goes Beyond China's Borders

WeChat is censoring messages that go beyond China's borders, according to a report by Citizen Lab.

Chinese tech giants Alibaba and Tencent have welcomed the new Chinese cyber law.

Alibaba, Tencent Support New Chinese Cyber Law

China recently introduced its new cyber law, imposing stricter regime on technology companies. Chinese tech giants Alibaba and Tencent have welcomed the latest provisions, countering the international backlash received by the new rules.

Tencent Pictures will support 21 title production and investment.

Tencent Pictures to Invest $295M for Hollywood Film Production

Tencent Pictures is planning to spend over $295 million on film production in China and Hollywood.

Basketball player Stephon Marbury

Tencent Partners With NBA to Make NBA Games Available in China

Chinese basketball fanatics will be able to enjoy the 2016-2017 NBA season thanks to Tencent, a digital broadcast partner of the NBA in China.

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