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Bitauto’s Subsidy Yixin Capital Raises US$550 From Tech Consortium

Aug 04, 2016 10:30 AM EDT

Bitauto Holdings Limited has announced that it has led a consortium to raise funds for its subsidiary unit Yixin Capital.

Tencent to Acquire China Music Corporation

Girish Shetti |

Jul 15, 2016 08:14 AM EDT

China's Internet conglomerate Tencent Holdings is set to become a majority stakeholder in one of China's leading music streaming companies, a move that will make Tencent a dominant player in China's lucrative music streaming industry.

WeChat is now the most popular social app in China.

China-Based Tencent to Expand WeChat Payment System to 20 Countries

Charissa Echavez |

Nov 21, 2015 01:08 PM EST

China-based Tencent Holding Ltd. is upgrading its well-known social-messaging app WeChat to expand its mobile payment system to 20 countries. This move will make overseas transactions among Chinese outbound tourists more convenient.

Ford Eyes WeChat Tie Up In China

Dino Lirios |

Feb 17, 2015 08:07 AM EST

Ford Motors Co has expressed interest to use WeChat in its cars in China, the world's biggest automotive market, in order to entice car buyers that look at not only the engine size but also the added features of car.

Tencent Unveils Private Internet Bank, WeBank

David Curry |

Dec 31, 2014 12:36 PM EST

Tencent Holdings has unveiled the first private banking service in Mainland China, WeBank.

Sina Weibo to Block Users Promoting WeChat

David Curry |

Nov 26, 2014 08:12 AM EST

The two services might be different, but both vie for the attention of user's time. Sina Weibo has taken a blow at WeChat, and will now ban all users heavily promoting the service.

HBO, Tencent to Distribute Shows like 'Game of Thrones' in China

Cory Doyle |

Nov 25, 2014 02:33 PM EST

The new deal will now allow the Chinese company to stream HBO TV shows and movies on its online video distribution platform.

Tencent Holdings Lands Distrbution Deal With Warner

David Curry |

Nov 14, 2014 09:23 AM EST

Tencent Holdings has penned the rights to distribute Warner music on its own music streaming service, QQ Music.

Apple's iPhone 6 Pre-orders in China Surpass 4 million

David Curry |

Oct 03, 2014 09:32 PM EDT

Apple will release the iPhone 6 and iPhone 6 Plus on October 17 in China, but according to analysts pre-orders have already surpassed four million in the region.

Weibo Cuts Losses As Ad Revenues Jump On Increased Subscribers

Mia Lindog |

Aug 15, 2014 12:34 AM EDT

Weibo Corp., the online messaging subsidiary of Chinese internet firm Sina Corp., trimmed its losses in the second quarter after advertising revenues sharply rose as more users signed up for the service.

Kakao Corp Acquires Daum Communications For $3.3 Billion

Acsilyn Miyazaki |

May 26, 2014 01:50 PM EDT

Kakao Corp agreed to buy Daum Communications in a stock deal worth $3.3 billion.

JD.com Aims to Raise US$1.7 Billion From IPO

Acsilyn Miyazaki |

May 10, 2014 08:55 AM EDT

Tencent Holdings-backed JD.com, a Chinese e-commerce website, is looking to raise US$1.7 billion from an initial public offering in the United States.