Posts filtered by tags: Tencent[x]


 

Hit game PUBG Mobile returns to India with scores of questions

Krafton, which filed for an IPO earlier this week, has built a gigantic gaming empire. If the firm is able to raise the target $5 billion from the IPO it will be the largest public offering in its home country, South Korea. The firm has something to celebrate elsewhere in the world, too. On Thursday, it pulled off another feat that no other firm has been able to achieve: Its sleeper hit title, PUBG Mobile, has made a return to India, which banned the title more than nine months ago. The world’s ...
Tags: Apple, Google, TC, Gaming, Apps, Asia, South Korea, China, Ipo, India, Tech, Alibaba, Tencent, Mobile Gaming, New Delhi, South Asia


Stripe: Not just a company, but a civilization in making

1. The Collisons think super long-term. Employees talk about how the company doesn’t think in years…it thinks in decades. That comes from the top. 2. They are hyper-patient recruiters In an interview with @johnolilly, @patrickc talked about how he courted key recruits for *more than three years* before they joined Stripe. They are “painfully persistent.” 3. Stripe is aggressively transparent For a long time, every Stripe employee was BCC’d on every other employee’s emails. Lik...
Tags: Business, Tech, Alibaba, Tencent, Treasury, John, Sigma, Patrick, John President, Thethreadmill, John Claire


The Station: Robotaxi apps on the rise, an AI pioneer’s new startup and mobility event highlights

Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Welp, the mobility event is over and we had loads of interesting interviews and anyone with an Extra Crunch subscription can access the videos. For instance, Rita Liao moderated a panel with executives from three Chinese robotaxi companies — WeRide, AutoX and Momenta — that also test and develop in Europe and the United States. One inter...
Tags: Google, Transportation, Asia, Twitter, Europe, Indonesia, California, Senate, White House, China, Russia, Softbank, America, Tech, Tesla, Bloomberg


Netflix Drops New Arcane Clip for During Geeked Week

During the Netflix Geeked Week reveal event, the streamer dropped a clip and some first look photos for its animated adaptation of Riot Games’ Arcane, which is based in the League of Legend universe and premieres on Netflix this fall. Christian Linke of Riot Games is showrunner and series co-creator with Alex Yee.Read more...
Tags: Science, Sports, Software, Netflix, Tencent, League Of Legends, Riot Games, Jinx, Windows Games, Fictional Characters, Alex Yee, Dc Comics Characters, Dominique Bazay, Arcane, Christian Linke, David Bazay


Netflix Drops a New Arcane Clip During Geeked Week

During the Netflix Geeked Week reveal event, the streamer dropped a clip and some first look photos for its animated adaptation of Riot Games’ Arcane, which is based in the League of Legend universe and premieres on Netflix this fall. Christian Linke of Riot Games is showrunner and series co-creator with Alex Yee.Read more...
Tags: Science, Sports, Software, Netflix, Tencent, League Of Legends, Riot Games, Jinx, Windows Games, Fictional Characters, Alex Yee, Dc Comics Characters, Dominique Bazay, Arcane, Christian Linke, David Bazay


Chinese bloggers reportedly said Tesla threatened to sue them after they posted negative comments about Elon Musk's company

Elon Musk walks with former Shanghai Mayor Ying Yong in 2019 STR / AFP via Getty Images Chinese bloggers said Tesla threatened a defamation lawsuit over negative social media posts. The electric carmaker has faced criticism in China over safety concerns related to its brakes. Several users have retracted negative statements about Tesla on Chinese social media. See more stories on Insider's business page. Chinese bloggers said Tesla threatened to hit them with a defamation lawsuit after...
Tags: Transportation, Europe, Elon Musk, Lawsuit, News, China, Cars, Trends, Tesla, Electric Vehicles, Shanghai, Tencent, Electric Cars, Financial Times, Defamation, Weibo


SoftBank, Uber, Tencent set to reap rewards from Didi IPO

After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing for the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns 7% of the company’s shares and controls 15.4% of its voting power before the IPO, according to the prospectus. Major shareholder SoftBank Vision ...
Tags: Transportation, Uber, Asia, China, Softbank, Funding, Tech, Automation, Transport, Tencent, Brazil, Robotics, Carsharing, Reuters, Robotaxi, Didi


Dutch Tech Investor Prosus Sees Earnings Almost Doubling

AMSTERDAM (Reuters) -Prosus NV, the Dutch investor with a 28.9% share of Chinese software giant Tencent, said on Thursday it expected full-year...
Tags: Amsterdam, Tencent, Reuters Prosus NV


Biden revokes and replaces Trump actions targeting TikTok and WeChat

President Joe Biden signed an executive order revoking actions targeting TikTok and WeChat signed by former President Donald Trump, according to a statement released by the White House on Wednesday. President Biden signed a new order instead requiring the Commerce Department to review apps with ties to “jurisdiction of foreign adversaries” that may pose national security risks. The “increased use in the United States of certain connected software applications designed, developed, manufactured, o...
Tags: Google, Facebook, Asia, Government, Nsa, White House, China, US, Tech, Joe Biden, United States, Commerce, Tencent, Biden, Donald Trump, Trump


European neobroker Scalable Capital raises $180M+ at a $1.4B valuation

Neobrokers — startups that are disrupting the investment industry by providing a platform for a wider range of consumers to partake in the stock market by offering them more incremental investment options and modern and easy mobile-based interfaces to manage their money — continue to see a huge amount of interest, and today comes the latest development in that story. Scalable Capital, a Munich/Berlin startup that provides tools to monitor and manage portfolios for those investing in shares, mana...
Tags: Europe, UK, Greece, Finance, China, Germany, Funding, Tech, Vienna, Amsterdam, Tencent, Brazil, Fintech, Nubank, Austria Germany, ING


In search of a new crypto deity

Hello friends, and welcome back to Week in Review! Last week, I wrote about tech taking on Disney. This week, I’m talking about the search for a new crypto messiah. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page , and follow my tweets @lucasmtny . The Big Thing Elon has worn out his welcome among the crypto illuminati, and the acolytes of Bitcoin are searching out a new emperor god king. This weekend, thousands of crypto acolytes and...
Tags: TC, Facebook, Twitter, Spotify, Spacex, Elon Musk, Technology, Supreme Court, Steve Jobs, India, Nigeria, US, Tech, Tesla, Ceo, Bitcoin


Facebook buys studio behind Roblox-like Crayta gaming platform

Facebook has been making plenty of one-off virtual reality studio acquisitions lately, but today the company announced that they’re buying something with wider ambitions — a Roblox-like game creation platform. Facebook shared that they’re buying Unit 2 Games, which builds a platform called Crayta. Like some other platforms out there it builds on top of the Unreal Engine and gives users a more simple creation interface teamed with discovery and community features. Crayta has cornered its own nich...
Tags: Google, TC, Facebook, Tech, Software, Computing, Tencent, Virtual Reality, Epic Games, Online Games, Vp, Stadia, Roblox, Fortnite, Vivek Sharma, Video Gaming


WeChat owner bans spanking, lip-licking, and nose-picking on the messaging app's live-stream content

Pony Ma Huateng is the chairman and CEO of Tencent Visual China Group via Getty Images Tencent has published a list of "violations" on WeChat's live-streaming service. Users are banned from posting "vulgar" content such as nose-picking, spanking or wearing a bikini. Chinese tech firms have faced increased scrutiny from the government in recent months. See more stories on Insider's business page. Tencent has banned 'vulgar' WeChat live-stream content including spanking, l...
Tags: News, China, Trends, Whatsapp, Tencent, WeChat, Ban, Livestream, Cnbc, Tech Insider, Pony Ma Huateng, Anna Cooban, Tencent Visual China Group, Getty Images Tencent


Flink, the German grocery delivery startup, raises $240M after launching just 6 months ago

On-demand grocery delivery, which really came into its own with the emergence of the Covid-19 pandemic, continues to command huge attention from investors. The jury is still out on how people will use those services in the longer term, but in the meantime, the most ambitious of the startups in the field are raising big. In the latest development, Flink — a Berlin-based on-demand “instant” grocery delivery service built around self-operated dark stores and a smaller assortment (2,400 items) of it...
Tags: Food, Europe, UK, London, Groceries, Germany, Berlin, India, Funding, Tech, Turkey, Netherlands, Tencent, Grocery, Ocado, Grocery Delivery


Billionaire investor Bill Ackman's SPAC is close to buying 10% of Universal Music, report says

Bill Ackman REUTERS/Shannon Stapleton Bill Ackman's SPAC is close to buying 10% of Universal Music, the Financial Times reported. Pershing Square Tontine Holdings' investment could value the music group at $40 billion. Universal Music, a division of Vivendi, raked in $9 billion of revenue last year. See more stories on Insider's business page. Billionaire investor Bill Ackman's special-purpose acquisition company (SPAC) is close to buying 10% of Universal Music Group in ...
Tags: Taylor Swift, Trends, Tencent, Bill Ackman, Financial Times, Vivendi, SPAC, Universal Music Group, Universal Music, Pershing Square Capital Management, Ackman, Billie Eilish, Euronext, Hellman Friedman, Theron Mohamed, Pershing Square Tontine Holdings


Billionaire investor Bill Ackman's SPAC is close to striking a deal with Universal Music, report says

Bill Ackman REUTERS/Shannon Stapleton Bill Ackman's SPAC is close to striking a deal with Universal Music, The Wall Street Journal said. Pershing Square Tontine Holdings could agree a transaction valuing the music group at $40 billion. Universal Music, a division of Vivendi, racked up $9 billion in revenue last year. See more stories on Insider's business page. Billionaire investor Bill Ackman's special-purpose acquisition company (SPAC) is close to agreeing a transaction with ...
Tags: Taylor Swift, Trends, Tencent, Bill Ackman, Wall Street Journal, Financial Times, Vivendi, SPAC, Universal Music Group, Universal Music, Pershing Square Capital Management, Ackman, Billie Eilish, Euronext, Hellman Friedman, Theron Mohamed


Hedge Fund Giant Pershing Square Eyes Stake in Universal Music Group

Pershing Square Capital Management’s Bill Ackman is eyeing a 10% stake in Universal Music Group, to be purchased by his special-purpose acquisition company. Vivendi-owned UMG, the world’s biggest music company, is headed for an IPO later this year. The hedge fund billionaire announced nearly a year ago his interest in aligning with a corporation of […]
Tags: News, Tencent, Bill Ackman, Vivendi, Universal Music Group, Pershing Square Capital Management, UMG the world


Tencent Cloud adds second data centre in Germany, Thailand, and Japan, plus a third in Hong Kong

Plans to grow capacity in all 27 regions by 30 percent in 2021 Chinese web giant Tencent has announced its cloud service has expanded its presence in Germany, Thailand, Hong Kong, and Japan.…
Tags: Hong Kong, Japan, Software, Tencent, Tencent Cloud, Germany Thailand, Germany Thailand Hong Kong


Stack Overflow acquired by Prosus for $1.8 Billion

The legendary Q&A website for programmers (and probably one of the most copy-and-pasted sites on the Internet) Stack Overflow is being acquired. The Wall Street Journal is reporting that Prosus (the primary shareholder of Chinese gaming mega co/WeChat developer, Tencent) will acquire Stack Overflow for $1.8 billion. Update: Prosus confirms the $1.8 billion number in a press release here. While perhaps not a name everyone recognizes, Prosus — the international assets holding arm of South Africa’s...
Tags: TC, Tech, South Africa, Tencent, Wall Street Journal, Naspers, Jeff Atwood, Joel Spolsky, Stack Overflow, Spolsky, Prosus


Software Developer Community Stack Overflow Sold To Tech Giant Prosus for $1.8 Billion

Prosus said it struck a $1.8 billion deal to acquire Stack Overflow, an online community for software developers, in a bet on growing demand for online tech learning. From a report: Based in New York, closely held Stack Overflow operates a question-and-answer website used by software developers and other types of workers such as financial professionals and marketers who increasingly need coding skills. It attracts more than 100 million visitors monthly, the company says. Prosus, one of Europe'...
Tags: Europe, New York, Tech, Amsterdam, Tencent, Naspers, Tencent Holdings, Stack Overflow, Prosus, Tencent Prosus


China: Tencent Wins Trade Mark Infringement And Anti-Unfair Competition Action Against Owner Of ‘Chain Town' App - Rouse

In 2018, China tech giant Tencent launched its hugely successful video streaming website, Tencent Video.
Tags: News, China, Tencent


Tencent Sued Over 'Inappropriate' Content in Honor of Kings Game

By Pei LiHONG KONG (Reuters) - A Chinese public-interest group said on Tuesday it is suing Tencent over what it alleges is inappropriate content...
Tags: Tencent, Reuters, Pei LiHONG


Tencent helps Chinese students skip prohibitively low speeds for school websites overseas

Hundreds of thousands of Chinese students enrolled in overseas schools are stranded as the COVID-19 pandemic continues to disrupt life and airlines worldwide. Learning at home in China, they all face one challenge: Their school websites and other academic resources load excruciatingly slowly because all web traffic has to pass through the country’s censorship apparatus known as the “great firewall.” Spotting a business opportunity, Alibaba’s cloud unit worked on connecting students in China to t...
Tags: Apple, Startups, TC, Asia, Microsoft, Stanford, China, Beijing, Canada, Alibaba, Tencent, World Bank, Vpn, Firewall, OECD, App-store


‘Friends: The Reunion’ China Streamers Clash as Tencent, iQiyi, and Youku Unite Against Bilibili

China’s leading video streamers iQiyi, Tencent and Alibaba’s Youku are all fierce competitors, but they rallied together Friday to present an unusual united front against rival Bilibili for hosting unauthorized videos of “Friends: The Reunion” illegally on its platform. The three streamers held the rights to officially broadcast HBO Max’s “Friends” special, which they released […]
Tags: Asia, News, China, Global, Alibaba, Tencent, iQiyi, Youku, Bilibili, HBO Max, Friends: The Reunion, Youku Unite Against Bilibili


China Mobile Gaming Revenue Hit Highest Annual Growth Since 2017 in Pandemic Year

China’s local mobile gaming revenue grew 31% year-on-year to $29.2 billion in 2020, notching the highest annual growth rate since 2017, according to market research firm and consultancy Niko Partners. China’s export game revenue actually grew even more than local game revenue, rising 36.7% last year. After COVID-19 prompted the Chinese government to impose lengthy […]
Tags: Asia, News, China, Global, Tencent, Niko Partners China


Tencent profits soar even as China tech crackdown worries linger

Tencent has posted forecast-beating earnings with a 65% jump in profit, but investors are still not particularly enthused about the Chinese gaming and social media giant.
Tags: China, Cnn, Tencent


IaaS is a lousy business, says Chinese web giant Tencent: PaaS and SaaS is how we’ll make money in the cloud

Big buyers understand infrastructure economics – and aren’t afraid to screw down providers' prices Tencent has told investors that big cloud buyers are turning the screws on infrastructure-as-a-service pricing, and so it will pursue PaaS and SaaS instead.…
Tags: Software, Tencent


China’s Tencent Increases Profits to $7.39 Billion in First Quarter

China’s largest company, the social media, games and entertainment giant Tencent achieved net profits of RMB47.7 billion ($7.39 billion) in the first three months of the year. That was an increase of 65% on the comparable period last year when coronavirus was at its peak in China. It was a 19% decrease from the fourth […]
Tags: Asia, News, Finance, China, Tencent, Media Earnings


WalletsClub wants to be the ‘Visa for e-wallets’ across the world

Digital payments are going mainstream around the world. By the end of 2020, there were more than 300 mobile money providers with over 100,000 active users, according to a published by GSMA, an industry association for mobile network operators. Altogether, over 300 million mobile money accounts were active every month around the world. Mobile money providers — more commonly known as e-wallets — are used to transfer money, pay and receive payments through mobile phones without the need for a tra...
Tags: Hong Kong, China, Tech, ISO, Canada, Philippines, Alibaba, Tencent, World Bank, Alipay, GSMA, Mastercard, Western Union, MoneyGram, HONG KONG SINGAPORE, Xue


Tencent Q1 Profit Rises 65% as Online Gaming Revenue Climbs

By Pei LiHONG KONG (Reuters) -Chinese gaming and social media giant Tencent Holdings Ltd reported a forecast-beating 65% rise in quarterly profit...
Tags: Tencent, Reuters, Tencent Holdings Ltd, Pei LiHONG