Tencent Holdings

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Tencent Holdings - Total results - 89
Amazon looking to buy a stake in Indonesian ride-hailing startup Go-Jek says report
News & Analysis

Amazon looking to buy a stake in Indonesian ride-hailing startup Go-Jek says report

Amazon is expanding its transportation prowess to do virtually everything short of building a car.

Didi Chuxing unveils autonomous driving unit as an independent company in China
News & Analysis

Didi Chuxing unveils autonomous driving unit as an independent company in China

Chuxing Didi’s chief technology officer (CTO), Zhang Bo, is now CEO of the autonomous driving unit.

Byju's turns profitable for first time, reports total revenue of Rs 1,430 crore in FY19; gears up for US market entry
Business

Byju's turns profitable for first time, reports total revenue of Rs 1,430 crore in FY19; gears up for US market entry

Byju's said the growth in revenue was fuelled by deeper penetration across India and significant growth in the number of paid subscribers

Tencent rethinking its overseas strategy on gaming after Arena of Valor failure
News & Analysis

Tencent rethinking its overseas strategy on gaming after Arena of Valor failure

Tencent has become conscious of local sensibilities in the wake of its marketing missteps for Arena of Valor.

Ola banned for six months in Karnataka for violating government rules
auto

Ola banned for six months in Karnataka for violating government rules

Ola banned for running motorcycle taxis in Karnataka, misusing the license granted by the authorities.

South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round
Business

South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round

The deal, which is at advanced stages of discussion, is likely to close in next few weeks. The investment will give Hyundai about a 4 percent stake in Ola

Swiggy's parent Bundl Technologies invests Rs  31.2 crore in Mumbai-based ready-to-cook food brand Fingerlix
Business

Swiggy's parent Bundl Technologies invests Rs 31.2 crore in Mumbai-based ready-to-cook food brand Fingerlix

Founded in 2014, Swiggy currently connects consumers to over 60,000 restaurant partners across more than 80 cities

China asks authorities to stops taking requests for new game titles as it processes a backlog
Gaming

China asks authorities to stops taking requests for new game titles as it processes a backlog

Tencent is awaiting a license to monetize is “PlayerUnknown’s Battlegrounds Mobile” in China.

Tencent considering bid for South Korean gaming company Nexon: Report
News & Analysis

Tencent considering bid for South Korean gaming company Nexon: Report

Nexon founder Kim Jung-ju plans to sell a 98.64 percent stake in Nexon's holding firm NXC Corp.

Sachin Bansal pumps in Rs 150 cr in Ola, more investments on the cards; firm eyes to raise $1 bn in funding
Business

Sachin Bansal pumps in Rs 150 cr in Ola, more investments on the cards; firm eyes to raise $1 bn in funding

The allotment of these shares to Bansal is part of Ola's plans to raise about $1 billion in funding, they added.

Didi Chuxing launches crowdfunding, lending services to diversify business
News & Analysis

Didi Chuxing launches crowdfunding, lending services to diversify business

The products bring Didi into competition with investor Alibaba Group Holding Ltd.

China approves release of 80 online video games after an eight month freeze
News & Analysis

China approves release of 80 online video games after an eight month freeze

China, the world’s biggest gaming market, stopped approving new video games in March.

Swiggy raises $1 billion in funding round, led by the internet group Naspers
News & Analysis

Swiggy raises $1 billion in funding round, led by the internet group Naspers

Naspers said in a statement it had invested $660 million in Swiggy during this latest round

Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion
Business

Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion

Swiggy will use the funds to hire and strengthen its technology backbone, the company said.

BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion
Business

BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion

In June this year, BYJU'S had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.

China warns against rejecting physical cash even as mobile payments pick up pace
News & Analysis

China warns against rejecting physical cash even as mobile payments pick up pace

The ease of use has meant that some vendors, especially in major cities like Beijing and Shanghai, have stopped accepting physical cash.

Tencent to expand its addiction-prevention system to all games including PUBG Mobile
News & Analysis

Tencent to expand its addiction-prevention system to all games including PUBG Mobile

The move marks Tencent's attempt to meet the Chinese govt’s call for controls to combat addiction.

WeChat rival Bullet Messenger removed from China App Store over copyright complaint
News & Analysis

WeChat rival Bullet Messenger removed from China App Store over copyright complaint

Bullet did not elaborate on which part of the app the copyright complaints were referring to.

Alibaba's Jack Ma to unveil succession plan next week, remain chairman
Business

Alibaba's Jack Ma to unveil succession plan next week, remain chairman

While Jack Ma’s plan to gradually step back is a milestone, analysts and industry professionals said it was unlikely his involvement would change significantly.

China's Tencent Holdings in talks with global firms to invest in food delivery platform Swiggy
Business

China's Tencent Holdings in talks with global firms to invest in food delivery platform Swiggy

The latest investment, if finalised, will value Swiggy at $2.5-3 billion and will mark the online foods delivery platform's third fundraise this year