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Baidu Sues Tencent, Sohu Over Disparaging Online Articles

Aug 20, 2016 04:16 PM EDT

Chinese tech giant Baidu has filed a lawsuit against two Chinese tech companies Tencent and Sohu, charging them with destroying its reputation. Baidu clams that Tencent and Sohu posted articles online that have seriously damaged the image of the company's takeout service, Baidu Waimai.

Tencent Invests in SaaS Firm Teambition

Phenny Lynn Palec |

Aug 20, 2016 01:43 PM EDT

Chinese tech company Tencent, developer of online messaging apps like WeChat and QQ, has shown interest in Shanghai-based corporate collaboration startup Teambition. The startup was founded as a software-as-a-service (SaaS) enterprise management tool which can be used internally by corporations. The company eventually evolved to become a product and has worked on up to one million projects.

Tencent's biggest contributor for good profit is the online gaming including

Tencent Q2 Profit Report Gains From Mobile Gaming

Ellie Froilan |

Aug 18, 2016 11:26 AM EDT

Tencent has released a report on its second quarter earning, showing a strong revenue growth in smartphone games.

Tech giant Tencent is now part of STX Entertainment's shareholders' list.

Tencent to Back Hollywood Studio STX Entertainment

Charissa Echavez |

Aug 10, 2016 08:09 PM EDT

Chinese tech giant Tencent Holdings is now a shareholder of Hollywood film studio STX Entertainment.

Yidao Accuses WeChat of Unfair Business Practices

Phenny Lynn Palec |

Jul 18, 2016 03:05 PM EDT

Yidao, the Chinese ride hailing service backed by tech giant Baidu, has complained about the alleged blocking of its service on the messaging platform WeChat, a company operated by Tencent, which is widely considered as Baidu's rival.

Tencent-backed automaker Future Mobility aims to produce 250,000 to 400,000 electric self-driving cars annually.

Automaker Future Mobility to Launch Self-Driving Cars Before 2020

Ellie Froilan |

Jul 18, 2016 07:48 AM EDT

Future Mobility, an auto startup backed by internet giant Tencent Holdings Ltd., plans to launch an electric self-driving car before 2020.

Video Game Might be China’s Next Biggest Cultural Export

Phenny Lynn Palec |

Jul 12, 2016 04:45 PM EDT

When Tencent announced its acquisition of the Finnish video game developer, Supercell for a record-breaking $8.6 billion, the Chinese tech giant instantly became the world's biggest publisher and distributor in the gaming market which is worth $100 billion. Following the acquisition. Considering the scope of the two companies, many market analysts agree that video games are poised to become China's biggest cultural export.

Tencent brings Supercell Oy's newest game 'Clash Royale' to China.

Tencent Brings Supercell's 'Crash Royale' to China

Charissa Echavez |

Jul 07, 2016 08:49 AM EDT

Tencent Holdings Ltd. has brought Supercell Oy's newest mobile game to China, its first joint venture after the Chinese firm agreed to buy the game maker for $8.6 billion.

Tencent is Looking for Co-Investors in Supercell Buyout

Phenny Lynn Palec |

Jul 06, 2016 12:21 PM EDT

Chinese tech giant Tencent is reportedly looking for interested investors to fund its $8.6 billion acquisition of Finnish game developer Supercell. Inside sources have revealed that there are ongoing talks with possible investors including China Investment, Hillhouse Capital Group, and Canada Pension Plan Investment Board.

Tencent accounts nearly 45 percent of China's top grossing android games for May 2016.

Tencent Accounts Nearly 45% of China's Top 100 Grossing Android Games

Charissa Echavez |

Jul 01, 2016 03:58 PM EDT

Tencent topped the list of the most installed and highest grossing android games based on revenues in China for May 2016.

Supercell Becomes Europe’s First Decacorn Following Acquisition by China's Tencent

Phenny Lynn Palec |

Jun 27, 2016 08:34 AM EDT

Chinese investment giant Tencent Holdings Limited has confirmed that it has acquired a majority of the stakes of Supercell, a mobile game development company based in Finland which is famous for developing the mobile game Clash of Clans.

Circle uses the digital currency bitcoin to manage worldwide money transfers.

Payment App Circle to Expand Payment Service in China with $60 Million Funding

Ellie Froilan |

Jun 23, 2016 05:49 AM EDT

Circle Internet Financial Ltd. has announced that it has already raised raised $60 million in new funding from China-based investors. The company also unveiled a dedicated domestic subsidiary, Circle China.

Tencent Holdings acquires a majority stake in 'Clash of Clans' maker Supercell Oy from Japan's SoftBank.

Tencent Acquires $8.6 Billion Majority Stake in 'Clash of Clans' Maker Supercell

Rina S. |

Jun 22, 2016 04:46 PM EDT

Tencent Holdings Ltd. has acquired a majority stake in Finnish gaming company Supercell worth $8.6 billion.

China's Mobile Payment Market is Dominated by Young Adults

Sami Ghanmi |

Jun 17, 2016 10:45 AM EDT

Chinese mobile users ages between 20 and 39 are now leading the race in China's rapidly growing domestic proximity mobile payment market - accounting for the majority of all mobile payment users in the country.