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Tencent Gives $220M Worth Shares to Employees on Birthday Anniversary

Nov 12, 2016 11:51 AM EST

China's tech giant Tencent managed to steal some thunder out of Alibaba's annual Singles' Day sales on Friday by announcing a gift of $220 million worth shares for its nearly 31,500 employees. The special generosity on employees was shown to commemorate the 18th birth anniversary of the company.

China Cautions Online Retailers Against Suspicious Singles Day Sales Tactics

S. Rina |

Nov 09, 2016 04:12 PM EST

Chinese business regulators have issued a stern warning to online retailers. Major e-commerce companies such as JD, Amazon, and Alibaba Group Holding have been told to refrain from adopting dubious sales practices during the upcoming Singles Day festival on November 11.

Tencent Holdings has joined hands with a consortium of investors for partly funding its Supercell acquisition.

Tencent Gets AVIC, CITIC and Others to Invest $850-M for Supercell Purchase

S. Rina |

Oct 18, 2016 09:48 PM EDT

Tencent Holdings has joined hands with a consortium of investors to partly fund its Supercell acquisition.

Tencent is looking to enter highly competitive drone segment with its own drone named Ying.

Tencent Debuts Compact Live-Streaming Drone for $300

S. Rina |

Oct 16, 2016 08:52 AM EDT

Tencent is looking to enter the highly-competitive drone segment by producing its own under the name Ying.

JD.com’s online resources will help Wal-Mart to increase online shoppers.

Wal-Mart Increases Investment in China's JD.com

Ellie Froilan |

Oct 10, 2016 06:24 AM EDT

Wal-Mart has increased its investment in China's JD.com, boosting its stake in the Chinese e-commerce giant.

China’s Tencent Holdings Ltd. become the country’s most valuable corporation.

Tencent Opens QQ Social Media Platform to Developers, Content Creators

Phenny Lynn Palec |

Sep 28, 2016 04:03 AM EDT

Chinese social media and gaming giant Tencent recently unveiled the Entertainment Quotient Plan which is an initiative that aims to create a new platform for online content creators using the QQ social media platform.

The company CEO Pony Ma Huateng said that Tencent Foundation, the company’s charity organization, will now get double the contribution each year.

Tencent Doubles Charity Contribution, Donates 2% of Profit

S. Rina |

Sep 25, 2016 10:05 PM EDT

Tencent has pledged to donate two percent of its annual profit to charity.

China’s Post-95 Generation Less Ambitious About Career: Report

Staff Reporter |

Sep 21, 2016 07:47 AM EDT

A Chinese company has conducted a survey to gauge the motivational level of youngsters for jobs and compare them to previous generations. The survey revealed that Chinese people aged 20 years and below are likely to be less ambitious despite enjoying better living conditions.

Chinese ‘White Hat’ Hackers Take Remote Control of a Tesla Model S

Arthur Dominic Villasanta |

Sep 21, 2016 06:48 AM EDT

The Chinese team seized control of the Tesla Model S using the car's wireless network.

Tencent Pictures Joins Turner Asia-Pacific to Create Tuzki 3D Animated Film

Ellie Froilan |

Sep 20, 2016 06:13 PM EDT

Tencent Pictures is teaming up with Turner Asia-Pacific to develop a combined 3D animated and live action movie based on WeChat’s Tuzki, a popular cartoon rabbit emoticon.

Alibaba closed at $104.64 per share on the New York Stock Exchange.

Alibaba Becomes Asia's Most Valuable Company

Ellie Froilan |

Sep 19, 2016 06:59 AM EDT

Alibaba has become the most valuable company in Asia; with a market value of more than $266 billion.

Audi Signs Memorandum of Agreement With Alibaba, Baidu, Tencent

Phenny Lynn Palec |

Sep 13, 2016 09:20 AM EDT

As part of its bid for the future of the connected cars market, Volkswagen luxury car brand Audi has signed a Memorandum of Understanding (MOU) with three Chinese tech giants: Alibaba, Baidu, and Tencent.

China's pop diva Faye Wong will hold a concert later this year in Shanghai.

Faye Wong to Make Stage Comeback with Shanghai Concert

Manthan Chheda |

Sep 12, 2016 01:50 AM EDT

Faye Wong will return to the stage with a concert scheduled later this year, the pop diva announced on Friday (Sept. 9).

Tencent is now China's Most Valuable Firm

Charissa Echavez |

Sep 07, 2016 01:14 PM EDT

China's Tencent Holdings Ltd. has become the country's most valuable corporation, beating state-owned China Mobile Ltd.

Tencent Forms Partnership With AppsFlyer to Boost Advertising Business

Phenny Lynn Palec |

Sep 04, 2016 05:30 PM EDT

Chinese tech giant Tencent is fulfilling its promise to boost its advertising business as well as give its clients access to a more optimized set of tools. Tencent recently announced a newly formed partnership with mobile marketing analytics platform AppsFlyer. The two companies have created a partnership that would allow app marketers outside of China to access real-time analytics to Tencent Social Ads.

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