Tencent

Google, Tencent eye collaboration

london - Emiratesvoice

Internet titans Google and Tencent on Friday signalled possible future collaboration on developing new technologies as the US and Chinese firms announced a long-term patent-sharing agreement. The companies gave no details on the scope or nature of the potential cooperation but said in a joint statement that they "are open to deeper collaboration in the future on innovative new technologies".Read more

China's Tencent draws $41 bn orders for $5 bn bond sale

london - Emirates voice

Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than $41 billion for its biggest dollar-denominated sale so far, Bloomberg reported Friday. The group, known for its wildly popular "Honour of Kings" video game and ubiquitous WeChat social media platform, Thursday offered four tranches with maturities ranging from five to 20Read more

China's Tencent draws $41 bn orders for $5 bn bond sale

london - Emiratesvoice

China's Tencent overtakes Facebook

Beijing - AFP

China's social media and video game giant Tencent overtook Facebook in market value on Tuesday as investors sent the company soaring to the top five list of the world's biggest firms. Tencent's shares, traded in Hong Kong, have doubled in value this year as the tech company's earnings have repeatedly outmatched analysts' expectations. A second stock connection with mainland ChinaRead more

Tencent to limit play time for children

Abu Dhabi - Emirates Voice

Tencent Holdings, China's biggest gaming and social media firm by revenue, said it will limit play time for some young users of "Honour of Kings", responding to complaints that children were getting addicted to the popular mobile game. Parents and teachers have complained that children were becoming addicted to the multiplayer online battle game, which, according to the company, hasRead more

Tencent's Ma proposes Bay Area-like tech zone in South China

Hong Kong - Arab Today

Tencent Holdings Ltd.’s Chairman Ma Huateng proposed to build China’s own Bay Area equivalent with a technology zone in southern China that would include the financial centre of Hong Kong and the city of Macau. China’s fourth-richest man said on Friday that setting up a "Guangdong-H.K.-Macau” technology area could help maintain stability in the two former colonies. Ma was speakingRead more

WeChat owner Tencent sees profits surge

Hong Kong - Arab Today

Chinese Internet giant Tencent said its profits jumped by 47 percent in the second quarter, buoyed by new users of its popular messaging service WeChat, gaming and digital content. Net profit for the three months to June rose to 10.74 billion yuan ($1.62 billion) from 7.31 billion yuan in the same period last year, beating the average analyst estimate ofRead more