Tag: Tencent
Stocks get whacked after Tencent’s rare profit decline raises growth concerns
Stocks fell Wednesday after a Chinese technology giant Tencent reported a rare profit decline. Technology and energy companies took the biggest hits following the disappointing earnings report, which stoked fears of slowing growth. The dollar rose, and Treasury yields fell.
People in China can now file for divorce on the WeChat instant messaging app
China's most popular instant messaging app is trialling a feature in the province of Guangdong which lets couples kickstart divorce proceedings on their phones, without leaving the app.
The company behind the biggest game of 2017 is suing the company behind the biggest game of 2018 — here’s what’s going on
Bluehole, the South Korean company behind "PlayerUnknown's Battlegrounds," is suing Epic Games, the American company behind "Fortnite." The claim: copyright infringement.
Tencent’s business is about as big as Facebook’s thanks to its stronghold in China
Tencent’s social media platforms are to China as Facebook’s are to the rest of the world and yet the companies are similar in their financial outputs.
The most downloaded iPhone app in the world right now is one you’ve probably never heard of
Facebook-owned apps dominated the App Store charts during the first three months of the year, but a Chinese-made music video app called Tik Tok took first place with an estimated 45 million downloads.
China’s Meituan to buy large stake in Mobike: Caixin
Meituan-Dianping, i...
WeChat Pay is infiltrating Singapore mobile payments with eye on Chinese tourists
Grace Yin, operatio...
Baidu is gaining ground after topping estimates and revealing plans for a US IPO of its Netflix-like platform
Baidu reported quarterly earnings that beat Wall Street expectations while unveiling a plan to list its Netflix-like video platform on a US exchange.
Chinese tech giant Tencent is making a killing on its Snap investment
The Chinese investment firm is the largest stakeholder in Snap.