Former Taiwanese president Ma Ying-jeou has called on the two sides of the strait to work together and “avoid war” on the second day of his mainland China tour. Ma, a senior member of the Beijing-friendly opposition Kuomintang, made the remarks during a visit to the former residence of Sun Yat-sen, the founder of modern … Read more
Colin Huang, the founder of PDD Holdings, has become China’s richest technology entrepreneur after a surge in the value of its US-listed shares, allowing him to surpass the nation’s more illustrious tycoons Pony Ma Huateng of Tencent Holdings and Zhang Yiming of Bytedance. The 44-year-old grew his wealth by 71 per cent to 385 billion … Read more
The most used apps in China during the Lunar New Year holiday were familiar domestic social media and content platforms that have dominated the market for the past decade, according to government data. Among the apps that used the most cellular data during the nine-day holiday were Douyin, the Chinese version of TikTok owned by … Read more
Hua Mulan, a legendary heroine in ancient China who took her father’s place in conscription for the army by disguising herself as a man, is now known all over the world thanks to The Walt Disney Co’s 1998 animated motion picture Mulan and its 2020 live-action film with the same title. Chinese people were reacquainted … Read more
China’s video gaming studios are largely unconcerned by geopolitical tensions when it comes to generating revenue from overseas markets, according to a survey of 33 gaming companies in the country with an overseas presence. Only three of the companies surveyed, or 9.1 per cent, said that “global political and economic turbulence” had a “relatively big” … Read more
Chinese social media and gaming giant Tencent Holdings has acquired a controlling stake in an established local video game studio, a move that fits with the company’s revenue diversification strategy. By assuming control of Beijing-based Wangyuan Shengtang, a 15-year-old video game developer and publisher known for its Swords of Legends series, Tencent will gain access … Read more
In a surprise move, China’s gaming regulator approved a new batch of foreign video games on Friday, including hit title Dungeon & Fighter (DnF) Mobile to be operated in China by Tencent Holdings, as Beijing seeks to reassure the stock market after scrapping a controversial gaming regulation. The National Press and Publication Administration (NPPA), the … Read more
China’s Ministry of Industry and Information Technology (MIIT) has assembled 60 experts, including some from the country’s largest technology firms, to form a new working group to establish standards for the metaverse sector. Representatives from telecoms equipment giant Huawei Technologies, video gaming titans Tencent Holdings and NetEase, web search and artificial intelligence champion Baidu, financial … Read more
China’s internet giants from Alibaba Group Holding to Tencent Holdings slashed external investments last year amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy. Total investment deals made by Alibaba, Tencent and Baidu plunged by nearly 40 per cent to 102 in 2023, with Tencent – known … Read more
A fund that outperformed most of its peers has added Tencent Holdings back to its portfolio recently, betting on the gaming company’s attractive valuation despite further industry curbs by the Chinese government. Federated Hermes Asia Ex-Japan Equity Fund, which beat 83 per cent of its peers for the past three years, made the purchase in … Read more
