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The U.S. Is Losing a Major Front to China in the New Cold War

Vietnam and Thailand are among the Southeast Asian nations warming to a governance model that twins sweeping content curbs with uncompromising data controls -- because it helps preserve the regime in power. A growing number of the region’s increasingly autocratic governments watched enviously the emergence of Chinese corporate titans from Tencent Holdings Ltd. to Alibaba Group Holding Ltd. -- in spite of draconian online curbs. The more free-wheeling Silicon Valley model once seemed unquestion...
Tags: Google, Facebook, Science, China, Thailand, Silicon Valley, Vietnam, Alibaba Group Holding Ltd, Tencent Holdings Ltd, Major Front


China Wins Allies for Web Vision in Ideological Battle With U.S.

Vietnam and Thailand are among the Southeast Asian nations warming to a governance model that twins sweeping content curbs with uncompromising data controls -- because it helps preserve the regime in power. A growing number of the region’s increasingly autocratic governments watched enviously the emergence of Chinese corporate titans from Tencent Holdings Ltd. to Alibaba Group Holding Ltd. -- in spite of draconian online curbs. The more free-wheeling Silicon Valley model once seemed unquestion...
Tags: Google, Facebook, Science, China, Thailand, Silicon Valley, Vietnam, Alibaba Group Holding Ltd, Tencent Holdings Ltd


Europe's Brand New Tech Giant Doesn't Even Have a Name Yet

African conglomerate Naspers Ltd. revealed this week that it plans to list a portfolio that includes a range of tech investments, from food delivery to online platforms for second-hand goods. The new Amsterdam-based company will also hold a massive $133 billion stake in Chinese game-maker Tencent Holdings Ltd. Next on the current list is ASML Holding NV, the Dutch semiconductor manufacturer, at 69 billion euros.
Tags: Europe, Science, Amsterdam, ASML Holding NV, Tencent Holdings Ltd, Naspers Ltd


This Mobile App Backed by Jack Ma Is Mimicking Ant Financial

The operator of the GCash app is now trying to become a conduit for insurance policies with the help of strategic partners that can help it expand a slate of products from banking and credit-scoring to financing and money market funds, Chief Executive Officer Anthony Thomas said in an interview. Mynt, 45 percent owned by Ant, is racing against ride-hailing services Grab and Tencent Holdings Ltd.-backed Voyager to tap a fledgling Philippine payments market.
Tags: Science, Jack Ma, Anthony Thomas, Tencent Holdings Ltd, Mynt


Line Founder Named Co-Chief Executive as Japan Goes Cashless

Along with CEO Takeshi Idezawa, he is part of a triumvirate that also includes Chief Strategy Officer Jun Masuda. Faced with a stagnant user base and a business model that relies on advertising, Line is doubling down on payments to underpin other financial offerings and transform into an all-in-one app like Tencent Holdings Ltd.’s WeChat. “What’s most important is that Japan is moving from a cash-centered society to a cashless one,” Shin said in an interview before the board meeting.
Tags: Japan, Science, Shin, Tencent Holdings Ltd, Takeshi Idezawa, Jun Masuda


A Payments App Backed by Jack Ma That's Mimicking Ant Financial

The operator of GCash is now trying to become a conduit for insurance policies with the help of strategic partners that can help it expand a slate of products from banking and credit-scoring to financing and money market funds, Chief Executive Officer Anthony Thomas said in an interview. Mynt, 45 percent owned by Ant, is racing against ride-hailing services Grab and Tencent Holdings Ltd.-backed Voyager to tap a fledgling Philippine payments market.
Tags: Science, Jack Ma, Anthony Thomas, Tencent Holdings Ltd, Mynt


India Bans on Most Popular Game Show Fear of Creating ‘Psychopaths’

After China’s Tencent Holdings Ltd. introduced a mobile version of the death match that’s free to play, it has become the most popular smartphone game in the world, with enthusiasts from the U.S. to Russia to Malaysia. Nowhere has resistance to the game been quite like India. Multiple cities have banned PUBG, as it’s known, and police in Western India arrested 10 university students for playing.
Tags: Science, China, Russia, India, Malaysia, Western India, Tencent Holdings Ltd, PUBG


India Bans Most Popular Game Over Fear of Creating ‘Psychopaths’

After China’s Tencent Holdings Ltd. introduced a mobile version of the death match that’s free to play, it has become the most popular smartphone game in the world, with enthusiasts from the U.S. to Russia to Malaysia. Nowhere has resistance to the game been quite like India. Multiple cities have banned PUBG, as it’s known, and police in Western India arrested 10 university students for playing.
Tags: Science, China, Russia, India, Malaysia, Western India, Tencent Holdings Ltd, PUBG


The Complex Fortune Growing Inside World's Most Valuable Startup

The 35-year-old founder of Bytedance Ltd. is worth about $13 billion, according to the Bloomberg Billionaires Index, making him China’s 9th-richest person and one of the fastest in modern times to amass a mega-fortune. Zhang’s fortune is harder to calculate than the founders of Baidu Inc. and Tencent Holdings Ltd. in part because his company isn’t yet public. It’s also difficult because Bytedance is structured in the same way as the two tech behemoths -- a complicated ownership system known as...
Tags: Science, China, Zhang, Baidu Inc, Bloomberg Billionaires Index, Tencent Holdings Ltd, Bytedance Ltd


Relax, Things Really Aren't So Bad at Tencent

Okay, so maybe Tencent Holdings Ltd. did post its biggest net-income miss in, like, forever.(2) And operating profit fell off a cliff. First, monetization of games recommenced in December after the Chinese government gave the go-ahead for Tencent to actually extract revenue from eight new titles. Despite China's regulatory clampdown on new games, Tencent's 4Q sequential decline of just 2.6% in mobile game sales -- to 19 billion yuan, is better than market expectations.
Tags: Science, China, Tencent, Tencent Holdings Ltd


China regulator approves 95 new video games, including from Tencent, NetEase

China's content regulator on Friday said it has approved the monetization of 95 new video games, including titles from Tencent Holdings Ltd and NetEase Inc. The games include Tencent's Journey to Fairyland 2, a 3D online game, and two others from NetEase. China has approved 726 video games since December.
Tags: Science, China, Tencent, Fairyland, Tencent Holdings Ltd, NetEase Inc, NetEase China


Bilibili Billionaire: Red-Hot Tech Firm Catches a Youth Wave

Bililbili’s American depositary receipts surged 73 percent since its initial public offering in March 2018 through Wednesday, the second-best performance in the Nasdaq Golden Dragon China Index of 64 companies that are listed in the U.S. while conducting most of their business in China. For that it can thank China’s Generation Z, a pampered and free-spending cohort that tends not to worry about career prospects or geopolitical upheaval, and whose average member shells out more than $7,000 a yea...
Tags: Science, China, Tencent Holdings Ltd, Bililbili


Bilibili Billionaire: A Red-Hot Tech Firm Rides Gen Z to Riches

Bililbili’s American depositary receipts have surged 73 percent since its initial public offering in March 2018, the second-best performance in the Nasdaq Golden Dragon China Index of 64 companies that are listed in the U.S. while conducting most of their business in China. For that it can thank China’s Generation Z, a pampered and free-spending cohort that tends not to worry about career prospects or geopolitical upheaval, and whose average member shells out more than $7,000 a year on luxury g...
Tags: Science, China, Tencent Holdings Ltd, Bililbili


Foldable Phone Frenzy Is Supercharging Stock Gains in China

Fellow display producer BOE Technology Group Co. had jumped 46 percent since the start of year. Turnover in both stocks soared as investors bet on hefty demand for screens, especially if Chinese smartphone makers like Huawei Technologies Co. follow Samsung into foldable models. More than $612 million worth of Tianma shares traded Wednesday, about 18 times the daily average turnover for last year, while over $1 billion of BOE shares traded every day in the past week in Shenzhen, far outdoing Te...
Tags: Asia, Science, China, Samsung, Boe, Shenzhen, Huawei Technologies Co, Tencent Holdings Ltd, BOE Technology Group Co, Tianma


Foldable Phone Frenzy Is Supercharging Gains in Chinese Stocks

Fellow display producer BOE Technology Group Co. has jumped 46 percent since the start of year. Turnover in both stocks soared as investors bet on hefty demand for screens, especially if Chinese smartphone makers like Huawei Technologies Co. follow Samsung into foldable models. More than $612 million worth of Tianma shares traded Wednesday, about 18 times the daily average turnover for last year, while over $1 billion of BOE shares traded every day in the past week in Shenzhen, far outdoing Te...
Tags: Asia, Science, Samsung, Boe, Shenzhen, Huawei Technologies Co, Tencent Holdings Ltd, BOE Technology Group Co, Tianma


Why Baidu Is the Tech Giant That’s Most Vulnerable to a China Downturn

The search giant, which reports results this week, could fare worse than rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd. because of its higher reliance on the advertising market, an increasingly competitive arena that tends to suffer with economic weakness. Alibaba’s core e-commerce has proven more resilient than traditional retail and a deepening thrust into realms such as cloud services helps juice top-line growth. Tencent is the standout: it’s gained more than 30 percent since a...
Tags: Science, Alibaba, Tencent, Alibaba Group Holding Ltd, Tencent Holdings Ltd


Chinese Tech Giants Seek Further IPO Rule Changes in Hong Kong

From allowing companies to hold super-voting rights to letting key shareholders buy stock in IPOs, tech companies are lobbying Hong Kong Exchanges & Clearing Ltd. for changes or waivers that would help their businesses, according to people familiar with the matter. With intense competition from exchanges in New York and elsewhere to win listings, and many multibillion-dollar Chinese companies poised to go public, pressure is building on Hong Kong to maintain its position as a financial center. ...
Tags: Hong Kong, New York, Science, Ipo, Tencent Holdings Ltd, Hong Kong Exchanges Clearing Ltd, Chinese tech giants


Go-Jek Fields Bank Pitches Amid $3 Billion Funding Drive

Go-Jek has already raised just over $1 billion at the first close of the ongoing Series F round, Bloomberg News reported earlier this month. Mitsubishi Corp. and Provident Capital participated alongside existing investors Google, JD.com Inc. and Tencent Holdings Ltd. The two most valuable startups in Southeast Asia are going head-to-head in everything from ride hailing to mobile payments and food delivery in Indonesia, Singapore and Thailand.
Tags: Science, Southeast Asia, Bloomberg News, Mitsubishi Corp, Indonesia Singapore, Tencent Holdings Ltd, Jek, Google JD com Inc, Jek Fields Bank Pitches Amid


China’s Tencent Invests in Reddit, Sparking Free Speech Protests

It was one backer, in particular, that drew condemnation from members of Reddit’s online community. Chinese internet giant Tencent Holdings Ltd. was among the investors in the round, which values the link-sharing website at $3 billion. Reddit users swarmed several of the submissions, pushing them to the list of most popular posts.
Tags: Science, China, Tencent, Reddit, Tencent Holdings Ltd


China regulator approves new game by Tencent

BEIJING (Reuters) - China regulator on Tuesday green lit a new game published by Tencent Holdings Ltd in its fifth batch of approvals since December, when the watchdog resumed giving out licenses after a freeze for most of last year. Tencent's "Romantic Rose Garden" is among 95 games that have been approved, the regulator, China's State Administration of Press, Publication, Radio, Film and Television, said on Tuesday. (Reporting by Pei Li and Vincent Lee; Editing by Himani Sarkar)
Tags: Science, China, Tencent, BEIJING Reuters China, Tencent Holdings Ltd, Vincent Lee, Pei Li, Romantic Rose Garden


Naspers Sees Single Global Classifieds Focus Amid Avito Deal

Africa’s biggest company by market value on Friday said it bought out minority shareholders in Avito BB through its classifieds business OLX Group, increasing exposure to Russia’s e-commerce market and strengthening its global position in the sector. The plan is to consolidate the different local platforms into a single global one, Chief Executive Officer for Classifieds Martin Scheepbouwer said by phone on Saturday. Naspers has transformed itself from a newspaper publisher into a $98 billion ...
Tags: Science, Russia, Africa, Naspers, Tencent Holdings Ltd, Martin Scheepbouwer, OLX Group, Avito BB, Mail Ru Group Ltd


Tencent gets China nod for two mobile games, but not for blockbusters

China's State Administration of Press, Publication, Radio, Film and Television on Thursday approved 95 games in its fourth list since December, including two mobile games from Tencent Holdings Ltd and one from NetEase Inc, government data showed. The Tencent games are Wood Joints and Folding Fan, both educational games that teach traditional Chinese architecture and craftsmanship. Analysts and industry insiders say it is unlikely the two games can bring much revenue to Tencent, the world's big...
Tags: Asia, Science, China, Tencent, Tencent Holdings Ltd, NetEase Inc, Wood Joints


Peak Video Game? Top Analyst Sees Industry Slumping in 2019

Now one veteran analyst is calling for the first industry downturn in a quarter century. Video game revenue is headed for the first decline since 1995, with sales expected to fall by 1 percent to $136.5 billion this year, according to Pelham Smithers, owner of an eponymous London-based research firm. Smithers, who began covering the industry in the late 1980s, points to the recent sharp drop in stocks like Tencent Holdings Ltd. and Electronics Arts Inc. as proof that he’s right.
Tags: Science, London, Smithers, Tencent Holdings Ltd, Pelham Smithers, Electronics Arts Inc


China approves third batch of video games; still no Tencent

Chinese authorities on Tuesday approved the release of a third batch of video games after a freeze for most of last year, with industry leader Tencent Holdings Ltd again absent from the list of approved titles. The list from broadcasting watchdog - the State Administration of Press, Publication, Radio, Film and Television - featured 93 new video games. Tencent's domestic rival NetEase Inc was also absent from the list.
Tags: Science, China, Tencent, Tencent Holdings Ltd, NetEase Inc


Chinese Tech Hiring Ads Dive as Trade Tensions, Slowdown Bite

The number of IT and internet positions advertised nationwide fell by 20 percent in the December quarter compared with a year earlier, according to a report from Renmin University and the country’s largest jobs website, Zhaopin Ltd. The drop was most pronounced in the internet and online gaming sectors, where ads slid 23 percent and 30 percent, respectively. Last year marked the first time China’s giant IT and internet sector -- led by Tencent Holdings Ltd. and Alibaba Group Holding Ltd. -- ha...
Tags: Science, China, Alibaba Group Holding Ltd, Tencent Holdings Ltd, Renmin University, Zhaopin Ltd


How Chinese Sellers of Fake Dior Are Evading a Crackdown Online

China has come down hard on its world-renowned counterfeit industry. Bazaars lined with fake watches, shoes and bags have been demolished in recent years. Many of the country’s best fakers are now hawking their wares via social messaging networks like Tencent Holdings Ltd.’s WeChat.
Tags: Science, China, Tencent Holdings Ltd


WeChat's Star Founder Seeks Second Act for China's Super-App

Allen Zhang stepped on stage to wrap up a long day of presentations at a Tencent Holdings Ltd. conference. Four hours later, the WeChat founder had methodically torn apart his own brainchild before mapping out the next act for China’s premier super-app. Zhang, who commands a cult-like following in China thanks to WeChat’s explosive popularity, got an audience of thousands glued to their seats till nearly midnight last week.
Tags: Science, China, Tencent Holdings Ltd, Allen Zhang


China Ends Freeze on Video-Game Licensing

The initial games were mostly local, mobile titles and didn’t include any from industry giants Tencent Holdings Ltd. or Netease Inc. The notice of approvals was posted online by the State Administration of Press, Publication, Radio, Film and Television. China’s gaming industry, which generates more than $30 billion of revenue, has been hammered this year after regulators froze the approval process for new games, preventing companies from making money off hit titles. Tencent gained as much as 1...
Tags: Science, China, Tencent, Tencent Holdings Ltd, NetEase Inc


Tencent Music Climbs in Trading Debut After $1.1 Billion IPO

China’s largest music-streaming service, which is backed by Tencent Holdings Ltd., and current holders raised $1.1 billion by selling 82 million American depositary shares at $13 apiece Tuesday. Tencent Music opted to price lower after initially guiding fund managers that orders were coming in around the midpoint of the marketed range. Shares rose 6 percent to $13.80 apiece at 11:32 a.m. in New York, valuing the company at about $22.6 billion -- just below the market valuation of Spotify Techn...
Tags: New York, Science, China, Tencent Holdings Ltd, Spotify Technology SA


Tencent Music Sets $1.1 Billion IPO at Bottom as Markets Gyrate

China’s largest music-streaming service, which is backed by Tencent Holdings Ltd., and current holders sold 82 million American depositary shares at $13 apiece, according to a statement. Tencent Music opted to price lower after initially guiding fund managers that orders were coming in around the midpoint of the marketed range. Tencent Music will debut at a valuation of about $21.3 billion, falling short of the $23.3 billion of Spotify Technology SA, the Swedish peer that’s also an investor in...
Tags: Science, China, Tencent Holdings Ltd, Tencent Music, Spotify Technology SA, Tencent Music Sets



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