Posts filtered by tags: Tencent[x]


 

China’s tech firms rush to deliver solutions for grocery shopping

Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date. People in China shop online for almost everything, including groceries. At first, grocery e-commerce appears to have caught on mainly among the digitally-savvy who have grown reliant on the convenience of e-commerce and don’t mind paying a...
Tags: Food, TC, Ecommerce, Asia, China, Funding, America, Tech, E-commerce, Alibaba, Tencent, WeChat, Alibaba Group, Meituan, Grocery Store, Meituan-dianping


ServiceNow is acquiring Element AI, the Canadian startup building AI services for enterprises

ServiceNow, the cloud-based IT services company, is making a significant acquisition today to fill out its longer-term strategy to be a big player in the worlds of automation and artificial intelligence for enterprises. It is acquiring Element AI, a startup out of Canada. Founded by AI pioneers and backed by some of the world’s biggest AI companies — it raised hundreds of millions of dollars from the likes of Microsoft, Intel, Nvidia and Tencent, among others — Element AI’s aim was to build and ...
Tags: TC, Tech, Canada, Tencent, Montreal, Sap, Servicenow, McDermott, Amnesty, Yoshua Bengio, Bill McDermott, Nicolas Chapados, Microsoft Intel Nvidia, Element AI co, JF Gagné, Slack ServiceNow


PUBG India yet to get MEITY clearance: Report

PUBG Mobile is yet to receive clearance from the Ministry of Electronics and Information Technology for its relaunch in India, DNA reported. A MEITY official told  InsideSport, “Any banned entity can’t operate just by floating new company. This even TikTok or anyone else can do. They will have to get permissions from MEITY to operate once again in India”. Despite announcing its re-launch earlier this month, the government’s ban of the mobile gaming app still stands. In early November, Krafton Ga...
Tags: Travel, News, Microsoft, India, Tencent, Bengaluru, Ministry of Corporate Affairs, MeitY, Ministry of Electronics and Information Technology, PUBG, PUBG Corporation, PUBG Mobile, PUBG Ban, Krafton, Krafton Game Union, PUBG India


Alibaba vies for a piece of China’s booming EV market

There’s no lack of news these days on China’s tech giants teaming up with traditional carmakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor, a major player in China, unveiled this week a new electric vehicle arm called Zhiji, in which Alibaba and a Shanghai government-backed entity are minority shareholders. The ti...
Tags: TC, Transportation, Electric Vehicle, Asia, China, Tech, Tesla, Shanghai, Alibaba, Tencent, Bmw, Baidu, Audi, Huawei, Smart Cars, State


China’s clouds boom but they’re collectively earning less than Azure alone

Alibaba in front with Huawei and Tencent on a second tier China’s clouds grew by 65 percent in 2020’s third quarter, collectively hauling in $5 billion of revenue in the period.…
Tags: China, Software, Alibaba, Tencent, Huawei


The promise and challenge of Roblox’s future in China

In a much-anticipated move, California-based gaming firm Roblox filed to go public last week. One aspect driving the future growth of the children- and community-focused gaming platform is its China entry, which it fleshes out in detail for the first time in its IPO prospectus. Like all gaming companies entering China, Roblox must work with a local publishing and operations partner. And like Riot Games, Supercell, Epic Games, Activision Blizzard, Ubisoft, Nintendo and many more, Roblox chose ...
Tags: TC, Gaming, Asia, Games, California, China, Tech, Beijing, Tencent, Reddit, Treasury Department, Committee on Foreign Investment, CFIUS, U S China, Roblox, Ubisoft Nintendo


Affirm, Airbnb, C3.ai, Roblox, Wish file for tech IPO finale of 2020

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. The wait was long but this week the time was right: Airbnb finally filed its S-1 and so did Affirm, C3.ai, Roblox, and Wish. We are likely to see these five price on public markets before the end of an already superlative year for tech IPOs. The ongoing pandemic and political turmoil were not scary enough, apparently. This coming decade, you have to t...
Tags: Apple, Startups, TC, Utah, New York, Obama, White House, Ipo, US, America, San Francisco, Tech, Joe Biden, Italy, Tencent, SEC


Most Musicians Earn Tiny Pittances From Streaming. China May Have A Solution

“On several streaming platforms under the umbrella of China’s Tencent Music … micropayments from fans help compensate artists where royalties fall short. This has partially allowed artists to do some smaller-scale hustling every time they release a new album. In part it’s given them a digital tip jar. But it hasn’t been all small change. … [And] there’s no reason why Tencent Music’s model can’t be applied beyond China.” – Slate
Tags: Art, Music, China, Tencent, Audience, 11.20.20


Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Fintech unicorn Affirm has a lot of eggs in one basket

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week wound being incredibly busy. What else would a week that included both the Airbnb and Affirm IPO filings, a host of mega-rounds for new unicorns, some fascinating smaller funding events, and some new funds? So we had a lot to get through, but with Chris and Danny and Natasha and your humble servant, we dove in headfirst: Affirm has file...
Tags: Apple, Fundings & Exits, Startups, Tech, Tencent, Equity, Robinhood, Chris, Danny, Natasha, Equity podcast


Tencent Music Entertainment is backing Wave to bring virtual entertainment to China

Wave, the virtual concert platform that’s already produced events for John Legend and The Weeknd, has inked a deal to bring its virtual concerts to China through a partnership with Tencent Music Entertainment Group. The deal includes Tencent taking a minority stake in the music service, the companies said in a statement. Under the partnership, TME will be able to air Wave experiences in China across all of its platforms including QQ Music, Kugou Music, Kuwo Music, and WeSing. For Wave, it’s an...
Tags: TC, China, Tech, Tencent, WeChat, John Legend, Adam Arrigo, Arrigo, Tencent Music Entertainment Group, Tencent Music Entertainment, TME, TC Pan Group


Is a new game and $100M investment enough for South Korea’s PUBG to return to India?

South Korea-based PUBG Corporation, which runs sleeper hit gaming title PUBG Mobile, announced last week that it plans to return to India, its largest market by users. But its announcement did not address a key question: Is India, which banned the app in September, on the same page? The company says it will locally store Indian users’ data, open a local office and release a new game created especially for the world’s second-largest internet market. To sweeten the deal, PUBG Corporation also plan...
Tags: Gaming, Apps, Asia, South Korea, Microsoft, Government, China, India, Tech, Tencent, Fortnite, Ministry of Electronics and Information Technology, PUBG, PUBG Corporation, PUBG Mobile, Krafton


What China’s fintech market can teach the world

If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria, while visual AI identifies foods on their tray and calculates ...
Tags: Apps, Asia, Finance, Government, China, Tech, Alibaba, Tencent, Alipay, Baidu, Fintech, Peterson Institute for International Economics, WeChat Pay, Martin Chorzempa, Ant Group, China Digital


Personalization Strategy: Past, Present And Future

“The future of marketing is bespoke everything,” wrote Amanda Mull in the Atlantic. The start-up Prose ships personalized hair-care prod­ucts made to order to customers who fill out a survey beforehand, while Care/of sells personalized nutritional supplements and Curology offers personalized skin-care concoctions. One of the more successful start-ups with a personalized (and servitized) value proposition is the online fashion retailer Stitch Fix, which makes buying fashionable clothes easier ...
Tags: Spotify, Post, Elon Musk, Southeast Asia, Tesla, Netflix, Atlantic, Tencent, Nba, Burger King, Branding, Gojek, Niantic, Brand Strategy, Apple Android, DJ Marshmello


Tencent reports strong quarterly results amid imminent Chinese antitrust regulation

Tencent reported a total revenue of $18.42 billion, a growth of 29% YoY, buoyed by a good performance by its mobile gaming segment. The Chinese conglomerate’s quarterly results for Q3 2020 were announced in the shadow of tightening regulations and growing scrutiny of monopolistic activity. Earlier this month, the Chinese government halted Ant Group’s IPO valued at $37 billion. The Shanghai Stock Exchange said that this was because there had been “material changes” in the regulatory stance on fin...
Tags: Travel, News, China, India, Tencent, Antitrust, Tencent Video, League Of Legends, Mitchell, Lau, US Japan, Shanghai Stock Exchange, James Mitchell, Business Services, Martin Lau, Ant Group


WeBank: Insights From The World’s Top Digital Bank

Tencent-backed WeBank is a great example of how digital technology and data can provide the foundation to serve underserved markets efficiently. The post WeBank: Insights From The World’s Top Digital Bank appeared first on The Financial Brand.
Tags: Finance, Tencent, World 's Top Digital Bank, Top Digital Bank


DoorDash IPO bets that the pandemic has accelerated change

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. DoorDash has become the go-to delivery choice for millions of people cooped up during the pandemic this year. Now it has filed an S-1, revealing its financials as it nears a long-intended IPO. These innards show an exciting business — and a larger story about how the year is going for tech companies in general. When the company filed initial public of...
Tags: Apple, Startups, TC, Spotify, California, China, Singapore, Softbank, Tech, Paypal, Nasa, Beijing, Tencent, Pfizer, EC, Biden


Tencent admits to ‘soft’ cloud growth compared to hyperscale peers

Says Beijing’s internet monopoly and lending laws are nothing to worry about, pledges IaaS bounce-back Tencent has posted quarterly results that feature the usual assortment of very, very, large numbers heading in pleasing directions, but also admitted that its cloud operation was not able to match the surge reported by other hyperscalers around the world.…
Tags: Software, Beijing, Tencent


PUBG frags Tencent, adopts Azure and makes digital clothes the default in bid to get back into India

Wipes away gore, dials up data protection and finds $100m to boost local gaming industry Super-popular shooting game PUBG has plotted a route around India’s ban on Chinese apps by announcing a version of the game tailored to the local market's moral and legal sensibilities.…
Tags: India, Software, Tencent, PUBG


Tencent bounces hard after President Xi spooks market into $200B tech selloff

Tencent stock jumped 5% on Wednesday after the Chinese gaming giant posted an 89% jump in quarterly profits, Reuters reports. Tencent pocketed 38.5 billion yuan ($5.8 billion) between July and September this year to eclipse analyst estimates by nearly 25%. The company’s total quarterly revenue increased 29% year-on-year to 125.45 billion yuan ($18.4 billion), powered by strong growth in Tencent‘s smart phone games. In fact, Tencent‘s online games revenues reached 41.42 billion yuan last quarter ...
Tags: Startups, Tencent, Reuters, Hard Fork


China’s Tencent Defies Regulatory Gloom With $5 Billion Quarterly Profit

China’s tech giants are supposed to be feeling the lash of the regulators’ tongue as they come under growing anti-trust scrutiny in the areas of pricing, payment methods, and use of data to target shoppers. But third quarter financial data from social media and entertainment titan Tencent, instead showed that the company continues to be […]
Tags: Asia, News, Finance, China, Global, Tencent, WeChat


PUBG Mobile adds ‘India’ to name, censors in-game gore in a bid to relaunch after ban

PUBG Mobile will be relaunched in India after being banned in September, Krafton Inc., the South Korean owner of the PUBG brand announced in a on Thursday. The version of the app that was banned in India was published by Chinese company Tencent, which has lost the rights to the game in India. Now, Krafton’s subsidiary PUBG Corporation is going it alone in India, and says it will invest US$100 million (~₹747 crore) to hire employees in the country and host “India-exclusive esports events”. This...
Tags: Travel, News, Microsoft, China, India, US, Tencent, Reuters, Microsoft Azure, PUBG, PUBG Corporation, PUBG Mobile, PUBG Ban, Krafton, Krafton Inc, India Now Krafton


PUBG announces return to India: New game, $100 million investment

PUBG Mobile will make its return to India in a new avatar, parent company PUBG Corporation said on Thursday. TechCrunch reported last week that the South Korean gaming firm was plotting its return to the world’s second largest internet market two months after its marquee title was banned by the country. Additionally, the company said it plans to make investment worth $100 million in India, one of the largest markets of PUBG Mobile, to cultivate the local video game, esports, entertainment, and I...
Tags: Gaming, Apps, Asia, Microsoft, China, India, Tech, Tencent, New Delhi, Rishi Alwani, PUBG, Daniel Ahmad, PUBG Corp, PUBG Corporation, PUBG Mobile, Mako Reactor PUBG Corporation


PUBG announces India return plan with new game and $100 million investment

PUBG Mobile plans to return in India in a new avatar, parent company PUBG Corporation said on Thursday. TechCrunch reported last week that the South Korean gaming firm was plotting its return to the world’s second largest internet market two months after its marquee title was banned by the country. The new game, called PUBG Mobile India, has been specially created for users in India, PUBG Corporation said. It did not share when it plans to release the title. Additionally, the company — and its p...
Tags: Gaming, Apps, Asia, Microsoft, China, India, Tech, Tencent, New Delhi, Azure Microsoft, Rishi Alwani, PUBG, Daniel Ahmad, PUBG Corp, PUBG Corporation, PUBG Mobile


PUBG announces India return with new game and $100 million investment

PUBG Mobile will make its return to India in a new avatar, parent company PUBG Corporation said on Thursday. TechCrunch reported last week that the South Korean gaming firm was plotting its return to the world’s second largest internet market two months after its marquee title was banned by the country. The new game, called PUBG Mobile India, has been specially created for users in India, PUBG Corporation said. It did not share when it plans to release the title. Additionally, the company — and ...
Tags: Gaming, Apps, Asia, Microsoft, China, India, Tech, Tencent, New Delhi, Azure Microsoft, Rishi Alwani, PUBG, Daniel Ahmad, PUBG Corp, PUBG Corporation, PUBG Mobile


China's biggest tech firms dive in value as firms fear Beijing crackdown plan

Frantic stock sell-offs across sector anticipating ‘monopoly’ rules, with Alibaba shopping site shares falling 9.8%Hundreds of millions of dollars have been wiped off the value of China’s biggest internet companies following two days of frenetic selling with investors fearing Beijing plans to curb the power of homegrown tech firms.Shares in Alibaba, a Chinese version of Amazon, dropped by 9.8% on Wednesday, while its rivals, Tencent, and JD.com, fell by 7.4% and 9.2% respectively. Continue readi...
Tags: Amazon, Business, Technology, Internet, China, World news, Stock Markets, Beijing, Asia Pacific, Consumer Spending, Alibaba, Xiaomi, Tencent, Jack Ma


Singles Day Begins With a Bang in China, and a Stock Plunge

Shares in Alibaba, JD.com and Tencent lost nearly 10% Wednesday despite very strong sales on the Singles Day sales event.
Tags: China, Alibaba, Tencent


Global stocks edge up, as COVID-19 vaccine optimism boosts 'real economy' shares but dents tech

An Amazon index displayed on a smartphone screen. SOPA Images/Getty Images Global equities rose, led by gains in commodity, retail and industrial stocks, which tend to benefit from an improving economic outlook, while technology shares lagged. Cases of COVID-19 keep surging in the US and Europe, where Italy imposed new movement restrictions in the worst-hit areas.  Political uncertainty in the United States continued to simmer in the background, after the secretary of state, Mike Pompeo, t...
Tags: Amazon, Europe, UK, Washington, US, Trends, Joe Biden, United States, Credit Suisse, Italy, Alibaba, Tencent, Ubs, Goldman Sachs, Pfizer, Nasdaq


Tencent WE Summit: Micro Universe

Every year the greatest minds in science gather at Tencent’s WE conference. In 2019 the theme was 'everything has its own micro-universe'. We created an online experience, allowing attendees and the audience at home to explore the micro universe all around them. We wanted the users to experience this interactive project before they joined the WE conference online stream. At the same time, changing their perception of science as artistic, beautifu...
Tags: Advertising, Tencent


China to Stop its Tech Giants From Becoming too Powerful

Singles Day, a Black Friday-like shopping festival dreamed up by large retailers, is normally boom time for China’s major online platforms. And indeed Alibaba, which this year started its 11.11 event back on Nov. 1, claims a record $56 billion (RMB372 billion) of business, and sales coming in at up to 583,000 orders per second. […]
Tags: Asia, News, Finance, China, Global, Alibaba, Tencent