Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.
On April 7th, Bytedance's Douyin announced that it has recently reached cooperation with Tencent Video. The two parties will explore the promotion of long and short video linkage, short video secondary creation and other aspects.
Tencent is currently increasing its investment in WeChat Channels, a video content creation platform.
On March 28th, it was reported that Tencent AI Lab unveiled its self-developed 3D game scene automatic generation solution at the 2023 Game Developers Conference. Through AIGC technology, this solution helps developers create highly realistic and diverse virtual city scenes in a very short amount of time, greatly improving game development efficiency.
Leading Chinese tech firm Tencent released its 2022 Q4 and full-year financial report on March 22.
HKSAR confirms quarantine-free travel between the Mainland of China and Hong Kong on and before January 15. WeChat Pay HK, a mobile payment platform under Tencent, will help users enjoy seamless, safe and convenient cross-border payment services in areas of travel, dining, consumption and entertainment.
With the recent lifting of pandemic control policies in China, the number of infections has risen sharply. Chinese internet giant Tencent launched a "COVID-19 Pills Mutual Help Public Welfare Platform."
Denza, a joint venture between Chinese automaker BYD and Germany's Daimler AG, on December 16 reached a strategic partnership with the carbon neutrality laboratory under the Tencent Sustainable Social Value (SSV) unit.
Musk's dream of turning Twitter into a 'super-app' like China's WeChat will be an uphill battle.
A software copyright infringement case leveled by ByteDance-owned game developer Moonton against Tencent opened for court sessions in Shanghai on November 29, attracting significant attention from the broader market.
Chinese electric vehicle firm NIO and internet giant Tencent signed a strategic cooperation agreement in Shenzhen on November 28. Under the deal, the two sides will carry out in-depth cooperation in the fields of autonomous driving cloud technology, intelligent driving maps and digital ecology.
On November 17, Activision Blizzard suddenly announced that its existing agreement with NetEase will expire on January 23, 2023. Multiple Chinese game developers who are negotiating agency rights with Blizzard Entertainment include Tencent, ByteDance's Nuverse, Perfect World and others.
China's National Press and Publication Administration announced on November 17 an approval list for new online games this month, showing a total of 70 authorized titles. Tencent, which has not obtained approvals since September, attracted wide attention.
On November 16, at its third quarter performance meeting, a senior executive of Chinese Internet giant Tencent responded to questions related to the establishment of a joint venture with China Unicom, a Chinese state-owned telecommunications operator.
Blizzard Entertainment, a leading game developer and publisher based in California, announced that it will not renew its licensing deal with Chinese game developer Netease. Chinese game company miHoYo was rumored to take over the deal.
Tencent launched a public hotspot sharing software several years ago called Tencent WiFi Manager, allowing users to quickly connect to public wireless networks without a password. On November 5, the firm's software team announced that it will officially stop services from 0:00 on December 1.
Faced with the huge uncertainty of the Chinese game industry, the Internet giant Tencent has recently canceled some of its non-core marginal businesses and laid off employees in China while accelerating its investment in the global game industry.
Chinese tech giant Tencent had added a new court notice. The firm is attempting to sue three companies, including OPPO, for unfair competition.
A defamation case brought about by Shanghai-based game developer Moonton Technology against Tencent has recently reached a conclusion. Tencent was ordered to compensate Moonton for losses and expenses totaling 220,000 yuan ($30,800).
Black Shark, a Chinese gaming smartphone brand, has recently been significantly shrinking its number of employees, with layoffs involving various departments and reaching a rate of nearly 50%.