Tencent Holdings

China’s Tencent buys Rs. 2,060 crore stake in Flipkart

Tencent has purchased a $264 million (approximately Rs 2,060 crore) stake in Flipkart from its co-founder Binny Bansal via its European subsidiary.

Tencent shares drop by 10% after Chinese media calls online games ‘spiritual opium’

The company shares drop for the first time in 10 years. Almost $60 billion was wiped off from its market capitalization during the morning trade.

List of Asia’s top 5 wealthiest people [2021]

We will present to you the top five wealthiest people in Asia in 2021.

China’s Kuaishou seeks world’s biggest tech IPO since Uber

China publishes new rules to counters “unjustified” foreign trade and business laws

CSRC fines Alibaba Group, Tencent’s China Literature and Shenzhen Hive Box with $76,464.29 each

Regulations surrounding Chinese Apps will be announced on Sunday by the Trump Administration

Tencent Holdings renames WeChat Work to WeCom ahead of ban

Trump administration will crack down on Chinese apps on Sunday

PUBG Mobile App may make a comeback in the Indian Market

PUBG Mobile App will now be able to make a come back in India after severing ties with its Tencent Holdings.

Tencent Holdings reports $4.76 billion profit in the June quarter, postpones launch of ‘Dungeon and Fighter Mobile’ game

The world’s largest gaming firm, Tencent Holdings by revenue booked a 33.1 billion Yuan ($4.76 billion) profit for the three months through June. That was ahead of an analyst average estimate of 27.56 billion Yuan.

Tencent shares fall 4.6% amid US Trump-China clash

The stock fell 4.6% on Monday, approaching Friday’s lowest level, before finishing morning trade down 3.3%. Tencent lost $35 billion of market value to end last week.

U.S.-China Trade War Hits WeChat

The U.S. China Trade War takes another victim, WeChat, after TikTok.