Tag: "Tencent"

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Tencent Music Becomes Exclusive Distributor Of Universal Music In Mainland China

Tencent Music Entertainment Group and Universal Music Group signed a deal under which Tencent Music will become Universal Music’s exclusive …

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Tencent May Have Just Defeated Baidu At Its Own Game In China

Baidu is a poorly-executed search engine. But with both government regulations handcuffing its development and lack of competition in China, …

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China’s Tencent Becomes Largest Gaming Company In The World

China’s Tencent Games achieved operating revenue in 2016 of USD10.2 billion, a year-on-year increase of 17%, which makes it the …

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Alibaba’s Mobile Advertising Income Reached USD11 Billion In 2016

Chinese e-commerce giant Alibaba Group realized USD11 billion mobile advertising revenue in 2016, accounting for 40.3% market share in the …

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QQ Music Announces Business Restructuring, Personnel Changes

Chinese Internet company Tencent announced business restructuring and personnel changes for its QQ music business line. The company revealed that …

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Snapchat Sets Up Office In Shenzhen

Snapchat’s parent company Snap Inc. has reportedly built a research and development team in mainland China. Though users are not …

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Starbucks Teams With Tencent To Deploy WeChat Payment In Mainland China

Starbucks and Tencent have formed a strategic partnership to deploy WeChat payment in Starbucks stores in mainland China. Starting from …

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Avaya Reaches Strategic Cloud Communications Deal With Tencent

mobile advertisingAvaya (Shanghai) Enterprise Management Co., Ltd. and Tencent Cloud Computing (Beijing) Co., Ltd. signed a strategic cooperation agreement to implement …

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Wanda Group Awakens Social Media With We-Media Coalition

Wanda We-media CoaltionChina-based Wanda Group announced that they will cooperate with 100 social We-media providers to establish the “Wanda We-media Coalition”. This …

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New Money For Used Car Internet Dealer RenRenChe

Renrenche websiteGone are the days of trudging to the northern reaches of Beijing to visit the huge automobile malls to buy …

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China To Tighten Control Of News Sites With Stricter Rules

Chinese government national emblem sealChina intends to further tighten control over the country’s digital news and content websites with stricter requirements, after several earlier …

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Tencent’s New Quarterly Results Show Strong Growth In Cloud Computing

tencentTencent Holdings recorded gross revenue of RMB35.691 billion (US$5.382 billion) during the second quarter, a 52% increase over the same …

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Tencent Grabs More Of Your Headspace In China

musicChina Music Corporation and Tencent Group joint announced that they have reached an agreement to implement a digital music business …

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Tencent Unveils Social CRM Service In China

tencent-qidianChinese Internet company Tencent has launched a customer relationship management product named Tencent Qidian that integrates the company’s various social …

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Censorship Is LinkedIn’s China Friend As It Boasts User Milestone

LinkedIn Censorship in ChinaShen Boyang, LinkedIn’s global vice president and China president, said that the company’s number of users in China has surpassed …

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China’s 58.com Gears Up For New Tech Growth

58comIts homepage may appear staid and plain, but the backend technology running Chinese classified information website 58.com is ramping up …

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Tencent Gains Exclusive Sports Content Resources From ESPN

ESPNChinese Internet giant Tencent announced that the company has reached a deal with U.S.-based ESPN to become its exclusive sports …

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WeChat Amps Up Competition With New Phone Call Function

China’s WeChat, the instant messaging app by Tencent, has Facebook’s WhatsApp, Japan’s Line, and Microsoft’s Skype service in its sights …

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Fake Goods Kill Chinese E-commerce Hope

The sale of fake and counterfeit goods in China has finally ended the services of a major online shopping service. Chinese B2C e-commerce operator JD.com announced that they will stop services at Paipai.com on December 31, 2015, and after a three-month transition period the website will be completely shut down by April 1, 2016. Paipai.com […]

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Alibaba Continues Testing Streaming Video Service

Alibaba has started testing its streaming video service named Tmall Box Office, which is a Netflix-style subscription video service. The monthly subscription for the service costs CNY39 and the annual subscription is CNY365. Alibaba revealed in June 2015 that the company would launch an online streaming video service which will include Chinese and foreign movies […]

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China’s Online Travel Sector Finds Big New Investment

Who said only Ctrip and eLong ruled the Chinese Internet travel world? LY.com, one of China’s many privately-run travel booking websites, announced that they have gained over CNY6 billion new investments from Wanda Culture Industry Group, Tencent Industry Win-Win Fund, and CITIC Capital. As the lead investor, Wanda Culture Industry Group invested CNY3.58 billion in […]

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Baidu May Create Online Sports JV With British Firm

Chinese search engine company Baidu is rumored to be talking with U.K. digital sports media group Perform Group to establish a joint venture in China. Perform’s core business is purchasing digital copyrights of various high-level sports events, displaying those events on online with its powerful digital editing capacity, and attracting money with its traffic. In […]

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China’s Tencent Invests In Another American Mobile Game Firm

Tencent reportedly invested USD60 million in the acquisition of a 20% stake in Pocket Gems, a start-up mobile game company in America. Tencent will gain one position on the board of directors at Pocket Gems, according to reports in foreign media. Founded in 2009, Pocket Gems is headquartered in San Francisco and the company is […]

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China’s Leading Classified Information Websites Announce Merger

Chinese lifestyle service platform 58.com announced a merger with its classified information listings competitor Ganji.com. According to the agreement, 58.com will acquire an approximately 43.2% fully diluted equity stake in Ganji.com for a combination of share consideration and cash, including approximately 34 million newly issued ordinary shares and USD412.2 million in cash. Meanwhile, the two […]

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Alibaba Becomes Exclusive Distributor For BMG In China

BMG, a music business subsidiary of Germany’s Bertelsmann Group, has signed an exclusive online music distribution agreement for the Chinese market with Alibaba. Under the agreement, Alibaba will become the exclusive online distributor of BMG music and artists in the Chinese market. Alibaba will sell those products on its own platforms such as Xiami.com. In […]

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Is China Mobile Now Competing With Whatsapp And Wechat?

Chinese information technology solutions provider Ultrapower’s wholly-owned subsidiary is helping China’s biggest mobile provider compete with instant messaging apps like Facebook’s Whatsapp, Tencent’s Wechat, and Apple’s iMessage.

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NetEase Closes Chinese Blog Services

Chinese Internet portal NetEase.com announced that the company will officially close its blog services and recommends users to move their blogs to LOFTER, a microblog service at NetEase. According to NetEase, the blogs moving to LOFTER will maintain the same contents. Meanwhile, the company will completely shut down its blog services in the coming weeks. […]

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Renren Kills Non-core Chinese Internet Businesses

Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company […]