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.... The US dominates for several reasons: it has the biggest ad market, US companies have invested the most in extending their reach abroad and Silicon Valley innovation has powered the growth of internet advertising. China and Germany each have three media owners in the ranking: Baidu, Tencent and CCTV for China, and Bertelsmann, ProSiebenSat. ... [Read full article on Guardian ]
Monday 1st of May 2017 11:01:11 PM
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. Tencent has struck a licensing deal to distribute Universal Music's content on its streaming platforms in China. ... [Read full article on BBC ]
Wednesday 17th of May 2017 05:08:54 AM
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Latest Finance News related to Tencent

Universal agrees deal to stream on China's Tencent's services image
Source : BBC [Read Article] Wednesday 17th of May 2017 05:08:54 AM
. Tencent has struck a licensing deal to distribute Universal Music's content on its streaming platforms in China. ...
Google and Facebook bring in one-fifth of global ad revenue image
Source : Guardian [Read Article] Monday 1st of May 2017 11:01:11 PM
.... The US dominates for several reasons: it has the biggest ad market, US companies have invested the most in extending their reach abroad and Silicon Valley innovation has powered the growth of internet advertising. China and Germany each have three media owners in the ranking: Baidu, Tencent and CCTV for China, and Bertelsmann, ProSiebenSat. ...
Tesla closes in on General Motors as most valuable US carmaker image
Source : BBC [Read Article] Tuesday 4th of April 2017 05:33:05 PM
....Tesla is also expanding its production of batteries for household and commercial buildings at a giant new $5bn factory currently under construction in Nevada. In what was seen as a vote on confidence in the firm, last month China's Tencent spent $1. ...
Tesla's market value overtakes Ford image
Source : BBC [Read Article] Monday 3rd of April 2017 09:20:03 PM
....As well as supplying batteries for cars, the plant makes batteries for homes and businesses. In what was seen as a vote on confidence in the firm, last month China's Tencent spent $1. ...
Tesla reports record car deliveries image
Source : BBC [Read Article] Sunday 2nd of April 2017 11:56:21 PM
....Tesla was founded in 2003 and is controlled by entrepreneur Elon Musk, who also owns the space rocket firm, SpaceX. Last week China's Tencent Holdings bought a 5% stake in Tesla for almost $1. ...
On your bike: the best and the worst of city cycle schemes image
Source : Guardian [Read Article] Saturday 25th of February 2017 07:00:05 AM
.... What’s more, the Chinese have very deep pockets. Ofo is backed by the multibillion-dollar company that has edged Uber out of China – and claims to already have five million registered users in 24 cities – while rival Mobike has just raised $215m from tech giant Tencent and others. ...
Chinese conquest image
Source : BBC [Read Article] Friday 4th of November 2016 12:14:29 AM
....Chinese firms have already spent more than $111bn on foreign acquisitions this year, according to Dealogic, with some of the biggest deals involving gaming companies. Internet giant Tencent - which owns the WeChat and QQ Games platforms - bought Finnish Clash of Clans mobile games maker Supercell for $8. ...
China tops US in numbers of billionaires image
Source : BBC [Read Article] Thursday 13th of October 2016 07:13:28 AM
....Alibaba's Jack Ma is a close second with $30. 6bn, and Pony Ma of internet and online gaming giant Tencent comes third with $24. ...
Tencent overtakes Alibaba as China's biggest tech company image
Source : BBC [Read Article] Thursday 18th of August 2016 09:56:44 AM
. Tencent has overtaken its rival Alibaba to become China's most valuable tech firm after strong results. ...
Japan shares down as exports fall for a tenth month image
Source : BBC [Read Article] Thursday 18th of August 2016 01:11:28 AM
....Hong Kong's Hang Seng rose by 1% to close at 23,028. 08, led by shares of internet giant Tencent which reported better-than-expected profit on Wednesday. ...
WeChat owner Tencent sees profits surge image
Source : BBC [Read Article] Wednesday 17th of August 2016 12:15:07 PM
. Tencent, China's biggest online entertainment and social network company, has reported a 47% jump in second-quarter profits. ...
India's Hike app gets fresh money and a key Chinese partner image
Source : BBC [Read Article] Wednesday 17th of August 2016 10:00:48 AM
.... . China's Tencent and Taiwan's Foxconn were the biggest investors in the latest cash injection. ...

Rio 2016: Chinese fury over 'flawed' flag on display at Olympics
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Source : Telegraph [Read Article] Monday 8th of August 2016 08:34:59 AM
....Another media commentary – which appeared under a pen name that is widely thought to be used by the editor of the fiercely nationalist Global Times newspaper – said that “no one should be surprised at uncivilised acts” that come from a country “on the fringes of civilisation". Bai Yansong, one of China’s best-known television presenters, was more direct, calling Horton a ‘b*****d” in an article he wrote for web portal Tencent Sports. ...
Uber sells Chinese business to Didi Chuxing image
Source : BBC [Read Article] Monday 1st of August 2016 07:13:07 AM
....5% in the combined company. Didi Chuxing is backed by Chinese internet giants Tencent and Alibaba, and has also invested in Uber's rival US taxi-booking service Lyft. ...

Editor of top Chinese news website 'sacked' after one-character typo deemed insulting to President Xi Jinping
 image
....China has ordered the editor of a news website to be sacked over a one-character typo which slightly changed the meaning of a report on a keynote speech by President Xi Jinping, a Hong Kong newspaper claimed. The report by Tencent online on the 95th anniversary celebration of the Communist Party of China on July 1 was meant to say “Xi Jinping delivers an important speech”. ...
UNICEF: 'protecting children online is everyone’s business' image
Source : Guardian [Read Article] Wednesday 13th of April 2016 08:53:46 AM
.... By sharing corporate good practices and policies, companies set the bar even higher for all of us. At the latest UNICEF-GSMA ICT industry event in London, for instance, we had an impressive representation from more than 30 companies, including Vodafone, Orange, Tencent, Telenor, Millicom, Facebook, Microsoft, Yahoo, BT, Disney, LEGO, Nokia and Safaricom, sharing their experiences. ...
Samsung Pay launches in China image
Source : BBC [Read Article] Tuesday 29th of March 2016 05:13:44 AM
.... . Tencent's WeChat also has a payment system which is popular in China, and telecommunications giant Huawei launched its own service earlier this month. ...
Uber 'losing $1bn in China every year' image
Source : BBC [Read Article] Friday 19th of February 2016 03:47:03 AM
....Mr Kalanick has previously said the firm had gone from a tiny 1% share of China's market at the beginning of 2015 to about 30% to 35%. Didi Kuaidi, which is backed by Chinese tech giants Tencent and Alibaba, has now also partnered with Uber's rival US ride-sharing service Lyft. ...
Uber CEO says company is losing $1bn a year as it tries to compete in China image
Source : Guardian [Read Article] Thursday 18th of February 2016 06:27:27 PM
....The $1bn figure was confirmed by Uber officials in China in an email to Reuters on Thursday. Uber and China’s Didi Kuaidi, backed by Chinese technology giants Tencent Holdings and Alibaba Group Holding, have both spent heavily to subsidize fares to gain market share, betting on China’s internet-linked transport market becoming the world’s biggest. ...
Apple Pay service launches in China image
Source : BBC [Read Article] Thursday 18th of February 2016 02:27:26 AM
.... . However, analyst Bryan Ma of research firm IDC told the BBC that Apple was likely to garner a smaller user base in China compared to competitors like AliPay and Tencent's WeChat Payment. ...
Aston Martin sets up electric car joint venture with Chinese group image
Source : Guardian [Read Article] Wednesday 17th of February 2016 03:57:11 PM
....China’s government is promoting electric vehicles to cut the smog that frequently envelops the country’s cities, which officials say helped sales quadruple last year and has turned it into the world’s biggest market for the technology. An electric car joint venture of Taiwan’s Hon Hai, China’s Tencent and China Harmony Auto Holding said this month it was hiring the former BMW executive Carsten Breitfeld to lead it. ...
Dollar tumbles as Fed rescues China in the nick of time image
Source : Telegraph [Read Article] Thursday 4th of February 2016 08:35:43 PM
.... These debtors have faced a double shock from the rising dollar and a jump in global borrowing costs. RBS calculates that more than 80pc of the debt of Alibaba, CNOOC, Baidu and Tencent is in US dollars, with Gazprom, Vale, Lukoil and China Overseas close behind. ...
WhatsApp has a plan to be more than just a messaging app: Will it work? image
Source : Telegraph [Read Article] Sunday 24th of January 2016 07:00:33 PM
.... . In aiming to become platforms, WhatsApp and Facebook Messenger have been inspired by the success of WeChat, a Chinese app owned by internet giant Tencent. ...
Don't blame Marissa Mayer: Nobody was going to save Yahoo image
Source : Telegraph [Read Article] Sunday 13th of December 2015 11:30:44 PM
.... If I asked you to name the most-popular websites in the world, you might mention Google, Facebook and Amazon. In another part of the world, candidates might include Tencent, China's social networking phenomenon; and Baidu, its incumbent search engine. ...
Chinese bank raises $7bn ahead of IPO image
Source : BBC [Read Article] Wednesday 9th of December 2015 07:10:52 AM
....The bank said the stake sale was the biggest private fundraising by a Chinese financial institution. Its Chinese investors include Alibaba's Ant Financial unit, Tencent and China Life Insurance. ...
'It's a myth that Apple and Facebook are short-term investments. It's investors in the FTSE 100 who should worry' image
.... This isn’t just a West Coast America phenomenon. China’s Tencent, which has interests spanning media, entertainment, internet and mobile phone services, is more extreme. ...
Chinese search engine Baidu looking to launch banking service image
Source : Telegraph [Read Article] Tuesday 17th of November 2015 12:57:35 PM
. Baidu, the biggest search engine in China, is working on an internet banking venture to cater for the country's rapidly growing online customer base, in a move that could rival non-bank financial services set up by fellow tech giants Alibaba and Tencent. ...
Tencent revenue jumps on ad income image
Source : BBC [Read Article] Tuesday 10th of November 2015 11:07:10 AM
. Revenue at Tencent, China's biggest social network, has risen at its fastest pace for five quarters helped by a surge in advertising income. ...
Activision Blizzard to buy Candy Crush Saga maker King for £3.8bn image
Source : Telegraph [Read Article] Tuesday 3rd of November 2015 09:21:29 AM
.... "Activision has taken in the past a more reserved approach to mobile, releasing only a handful of titles, like Hearthstone, and mainly using mobile apps as side experiences to their PC and console games. In the meantime, global competitors such as EA or Tencent have embraced this new sector," he said. ...
'It's good to have money,' says China's newly-crowned richest man image
Source : Telegraph [Read Article] Monday 26th of October 2015 08:06:36 PM
.... . Six out of 10 of China's richest people were in the technology sector, including Ma Huateng of Internet titan Tencent (third), Lei Jun of Xiaomi (fourth), and Robin Li of Chinese search engine Baidu, who slipped four spots this year from second to sixth. ...
Firms backed by China tech giants merge image
Source : BBC [Read Article] Thursday 8th of October 2015 08:02:25 AM
. Two firms backed by Chinese internet rivals Alibaba and Tencent are merging to create a new company that provides a wide range of online services. ...
The tech bosses in this photo are worth $200 billion image
Source : Telegraph [Read Article] Thursday 24th of September 2015 10:51:41 AM
.... Front row from left: Facebook's Mark Zuckerberg, JD. com's Liu Qiangdong, Cisco's John Chambers, Alibaba's Jack Ma, IBM's Ginni Rometty, Chinese President Xi Jinping, Microsoft's Satya Nadella, China's Internet czar Lu Wei, Apple's Tim Cook, Tencent's Pony Ma, and Amazon's Jeff Bezos. ...
Should small business exporters be worried about the Chinese economy? image
Source : Guardian [Read Article] Thursday 24th of September 2015 06:00:01 AM
.... His businesses specialise in communications, branding and video content for the technology sector in China, which is a huge growth area. Hambleton’s clients include Baidu and Tencent. ...
Hundreds of iPhone apps infected in first major attack on App Store image
Source : Telegraph [Read Article] Monday 21st of September 2015 07:39:16 AM
.... Social network WeChat was one of those affected  Photo: WeChat. Tencent, the owner of the popular Chinese social network WeChat, said that a preliminary investigation had found no evidence of data being leaked or stolen, and that its most up-to-date version of the WeChat app was not affected. ...
Apple's App store infected in China image
Source : BBC [Read Article] Monday 21st of September 2015 03:35:22 AM
....It added they could also read and alter information in compromised devices' clipboards, which would potentially allow them to see logins copied to and from password management tools. Infected applications includes Tencent's hugely popular WeChat app, NetEase's music downloading app and Didi Kuaidi's Uber-like car hailing app. ...
Lyft teams up with Chinese taxi firm to run Uber off the road image
Source : Telegraph [Read Article] Wednesday 16th of September 2015 09:55:31 PM
.... . Didi invested $100m in Lyft as part of a $530m financing round earlier this year that included Japan's Rakuten, China's Alibaba and Tencent and investor Carl Icahn. ...
Candy Crush 'guru' wins Google Ventures' first investment in mainland Europe image
Source : Telegraph [Read Article] Wednesday 26th of August 2015 10:33:47 AM
.... . In the last month, Tencent led a $10m investment for AltspaceVR, which creates a virtual social environment, and Avegant, the maker of the Glyph headset, raised $24m in its second funding round. ...
Chinese web giant takes stake in Kik image
Source : BBC [Read Article] Wednesday 19th of August 2015 12:39:53 AM
. Chinese internet giant Tencent has taken a $50m (£32m) stake in Canadian mobile messenger Kik Interactive. ...
Shares jump on Alibaba-Suning deal image
Source : BBC [Read Article] Tuesday 11th of August 2015 04:20:33 AM
....Goods could then be delivered in as little as two hours through Suning's existing logistics network, spanning most of China with distribution centres and delivery stations. Mr Ma seeks to diversify New York-listed Alibaba as it faces increasing domestic competition from fellow online giants Baidu and Tencent. ...
Alibaba agrees £4.4bn tie-up with Chinese electronics giant Suning image
Source : Telegraph [Read Article] Monday 10th of August 2015 09:58:48 AM
.... The deal is the latest in a string of acquisitions by Alibaba as Ma tries to diversify. The New York-listed company faces domestic competition from Internet giants Baidu and Tencent, and remains relatively little known outside China. ...
Alibaba exec in corruption probe image
Source : BBC [Read Article] Friday 10th of July 2015 05:15:31 AM
. Chinese e-commerce giant Alibaba has said its senior executive Patrick Liu is in police custody over corruption allegations related to his previous job with internet company Tencent. ...
Tesco relegated from premier league of global brands after nightmare year image
....Alibaba floated on the New York stock exchange last year with a valuation of $187bn, and leads a rising cohort of Chinese companies in the top 100. New entrants include the telecoms firms Huawei and China Telecom, while the insurance companies China Life and Ping An joined Tencent, the business behind the mobile service WeChat and the search engine Baidu, among the biggest risers in terms of brand value. ...
Tencent's profits beat expectations image
Source : BBC [Read Article] Wednesday 13th of May 2015 10:27:42 AM
. Tencent Holdings, Asia's biggest technology company, has posted a 7% year-on-year rise in quarterly net income, beating expectations. ...
China raids Uber offices image
Source : Telegraph [Read Article] Friday 1st of May 2015 07:13:35 PM
.... . Domestic firms Kuaidi Dache and Didi Dache, backed by tech giants Alibaba and Tencent respectively, control 90pc of the market. ...
Tech shapes the future office image
Source : BBC [Read Article] Thursday 30th of April 2015 11:33:46 PM
....For some, open plan spaces suggest managers on the room's sidelines, watching workers huddled in the middle like prey on the African savannah. Seattle architecture firm NBBJ is behind the Google and Amazon buildings, as well as the new Guangdong headquarters for Chinese internet titan Tencent. ...
China's Baidu revenue growth slows image
Source : BBC [Read Article] Thursday 30th of April 2015 06:50:29 AM
.... But businesses pay less for advertising on smartphones than they do on computers. Social media rivals such as Tencent and e-commerce giant Alibaba are also giving it intense competition. ...
Mark Dampier: China may divide investors but the untapped potential is vast image
.... Internet penetration is still only 50 per cent, compared with more than 90 per cent in the West, meaning there is plenty of scope for growth. The trust's largest holding is Tencent, China's largest internet service portal buy likely to be virtually unheard of in the West. ...
Baidu shares plunge as revenue disappoints market image
Source : BBC [Read Article] Thursday 12th of February 2015 01:15:53 AM
....62bn yuan. Baidu has been facing stiff competition in the mobile space from the likes of e-commerce giants Alibaba and Tencent, while rivals Qihoo 360 and Sogou are growing fast in online search. ...
China's challenge: Moving from copier to innovator image
Source : BBC [Read Article] Tuesday 27th of January 2015 08:11:43 PM
.... At that time it was rigid or mechanical copy, they just copied everything," he says. In contrast, Mr Zhou says the second generation of start-ups have already started to innovate, pointing to firms such as e-commerce giant Alibaba and Tencent's messaging service WeChat as having learnt from their Western rivals but then developed and improved their services for the Chinese market. ...
Uber-style apps banned for private cars in China in crackdown on unlicensed cabs image
...." . China's ride-hailing market is dominated by domestic competitors Didi Dache, backed by Internet giant Tencent, and Kuaidi Dache, backed by rival Alibaba Group. ...
Uber blocked from operating in Beijing image
Source : Telegraph [Read Article] Thursday 8th of January 2015 07:09:30 PM
.... . The move effectively prevents Uber, Tencent's Didi Taxi and Alibaba's Kuaidi One from operating in Beijing. ...
Watch out Google - the Chinese are catching you up image
Source : Telegraph [Read Article] Tuesday 9th of December 2014 08:59:35 AM
.... Amazon, the second biggest company, make $10. 3bn from its digital media operations in the period -- less than a third of Google’s earnings -- while Facebook and Tencent brought in $5. ...
'Why nearly every share is in danger'  image
Source : Telegraph [Read Article] Monday 24th of November 2014 04:54:46 PM
Nikkei leads shares to another seven-year high image
Source : BBC [Read Article] Thursday 13th of November 2014 01:03:01 AM
.... . Meanwhile, shares in China's largest social network, Tencent, recovered from earlier losses to close higher by 0. ...
Apple malware affects mostly Chinese users image
Source : BBC [Read Article] Thursday 6th of November 2014 04:14:17 AM
....". According to Palo Alto Networks, WireLurker was first noticed in June when a developer at the Chinese firm Tencent realised there were suspicious files and processes happening on his Mac and iPhone. ...
Alibaba founder Jack Ma tops Forbes annual list of China's richest people image
Source : Independent [Read Article] Tuesday 28th of October 2014 04:21:03 PM
....1bn a year ago, according to Forbes' annual list of China’s richest people. Tencent founder Pony Ma landed in third place with an estimated fortune of $14. ...
Forbes names Alibaba founder Jack Ma richest person in China image
Source : BBC [Read Article] Tuesday 28th of October 2014 08:49:08 AM
....1bn the year before. Ma Huateng, also known as Pony Ma, of Tencent, China's biggest online firm, held third position. ...
Snapchat: Yahoo 'set to invest millions' image
Source : BBC [Read Article] Monday 6th of October 2014 05:46:37 AM
....Snapchat allows users to send images and videos that "disappear" seconds after being viewed. The company is said to have rejected a $3bn takeover offer from Facebook and other tech behemoths, including China's Alibaba and Tencent groups in recent years. ...
Alibaba's Jack Ma crowned China's richest man image
Source : Independent [Read Article] Tuesday 23rd of September 2014 03:22:15 PM
.... . Tech billionaires accounted for half of the top 10 names- including Tencent founder Pony Ma in fifth place with a $18. ...
Alibaba founder Jack Ma tops China rich list  image
Source : BBC [Read Article] Tuesday 23rd of September 2014 10:37:52 AM
....Internet billionaires account for five of China's 10 richest people this year, eclipsing property tycoons who have traditionally dominated the list. The list also includes the head of Tencent, Pony Ma. ...
Alibaba hikes record flotation price as Jack Ma heads to Britain image
Source : Independent [Read Article] Monday 15th of September 2014 11:40:58 PM
....At the top end, the company was asking for about 29 times three analysts’ estimates for earnings in the year through March 2015, data compiled by Bloomberg show. Its Chinese internet peer Baidu trades at about 35 times estimates of this year’s earnings, while Tencent Holdings trades at 37 times. ...
China's Sinopec to raise $17bn from sale of marketing arm image
Source : Telegraph [Read Article] Monday 15th of September 2014 09:31:22 AM
.... . The stakeholders were mainly Chinese investment firms and insurance companies, including vehicles of Shanghai-based conglomerate Fosun, Internet giant Tencent and China Life Insurance Co. ...
Sinopec sells stake in retail arm for $17.5bn  image
Source : BBC [Read Article] Monday 15th of September 2014 06:57:51 AM
.... . Local investors named in the transaction include China Life Insurance as well as Chinese white goods manufacturer Haier Electronics and internet giant Tencent. ...
Alibaba plans to release the IPO genie in bid to raise $21bn image
Source : Guardian [Read Article] Saturday 13th of September 2014 11:05:14 PM
.... Alibaba reported second-quarter earnings of $2bn, up 46% on a year ago, although growth in active users showed signs of slowing. China's e-commerce market is expected to continue booming, with less than half the population online, but Alibaba faces growing competition from the likes of Baidu and Tencent. ...
Alibaba IPO: Chairman Ma's China image
Source : BBC [Read Article] Monday 8th of September 2014 09:54:20 PM
....Who could know back in the 1990s that the internet would be one of a handful of sectors where China's one-party state would get the conditions right to produce the band of giants we see today? . Baidu, Tencent and Alibaba have all benefited from the way China has blocked international rivals from the market at the same time as encouraging competition among domestic players. ...
China's Dalian Wanda Group teaming up to create huge e-commerce platform image
. The Chinese property firm Dalian Wanda Group has announced plans to join two of the country's biggest internet companies, the search engine Baidu and social media giant Tencent, in building a massive e-commerce platform. ...
.... The stock has since been sold amid a prospective takeover. A position in Tencent, one of the world's largest internet companies, was also topped up after its share price fell around 30 per cent amid a global sell-off in the technology sector. ...
Five funds for your £15,000 super Isa  image
Source : Telegraph [Read Article] Wednesday 9th of July 2014 06:08:05 AM
.... The long-established global fund that takes big bets on growing companies: Scottish Mortgage investment trust . You might expect a fund established in 1909 to take a conservative approach to investing but Scottish Mortgage has large holdings in innovative firms such as Amazon and up-and-coming Chinese rivals such as Baidu and Tencent. ...
The Chinese technology companies poised to dominate the world image
Source : Guardian [Read Article] Tuesday 3rd of June 2014 11:52:27 AM
.... If it can keep repeating that, it may become a serious threat to all its rivals. Based, like Huawei, in Shenzhen, it created the widely used Tencent QQ messenger app – with more than 650m active accounts – far more than WhatsApp (bought for $19bn by Facebook) with its 500m or so users. ...
China needs our know-how, not our money image
Source : Telegraph [Read Article] Saturday 31st of May 2014 05:30:11 PM
.... . But, what has changed is that the largest technology businesses in China, like Alibaba (an eBay clone, combined with Amazon but even bigger), Tencent (like Yahoo) and Baidu (think Google) all now need to explicitly build legitimate content businesses. ...
Alibaba files for public share sale image
Source : BBC [Read Article] Tuesday 6th of May 2014 09:18:39 PM
.... . That is important as Alibaba has been locked in competition recently with rival Tencent - China's largest internet firm - to attract mobile shoppers. ...

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