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

Mar 26, 2020 03:48 PM EDT

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

Prei Dy |

Apr 10, 2017 11:22 AM EDT

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

Ellie Froilan |

Apr 03, 2017 05:46 AM EDT

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

Girish Shetti |

Mar 29, 2017 04:12 AM EDT

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

Prei Dy |

Mar 14, 2017 05:33 PM EDT

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

Ellie Froilan |

Mar 06, 2017 04:36 AM EST

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

Ellie Froilan |

Mar 06, 2017 03:00 AM EST

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

Prei Dy |

Feb 26, 2017 02:01 AM EST

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'

Ellie Froilan |

Jan 10, 2017 08:46 AM EST

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

S. Rina |

Dec 28, 2016 09:20 PM EST

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

Ellie Froilan |

Dec 09, 2016 03:09 AM EST

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

Ellie Froilan |

Dec 05, 2016 04:44 AM EST

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

S. Rina |

Nov 18, 2016 10:59 PM EST

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.