tencent

Tencent Holdings Limited is a Chinese multinational conglomerate holding company founded in 1998, whose subsidiaries specialise in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Source: tencent.com

China’s Meal Delivery Service Meituan Now Valued At $100B
China’s Meal Delivery Service Meituan Now Valued At $100B
May 26, 2020  |  Aggregators

Hong Kong’s Meituan, a food delivery service, hit a valuation of $100 billion on Tuesday (May 26) as shares soared, according to TechCrunch. Meituan is...

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Tencent Plans $70B Spend For AI, Cybersecurity, IoT Tech
Tencent Plans $70B Spend For AI, Cybersecurity, IoT Tech
May 26, 2020  |  International

Tencent plans to invest 500 billion yuan, or $70 billion, in cloud computing, artificial intelligence (AI) and cybersecurity over the next five years, Reuters reported....

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Gaming Surge Helps China’s Tencent Beat Q1 Earnings Forecasts
Gaming Surge Helps China’s Tencent Beat Q1 Earnings Forecasts
May 13, 2020  |  Earnings

China’s multinational conglomerate Tencent beat earnings forecasts in the first quarter of 2020 with total net revenues of $15.2 billion, up 26 percent from the...

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Tim Hortons Coffee Chain Notches Funding From China’s Tencent
Tim Hortons Coffee Chain Notches Funding From China’s Tencent
May 12, 2020  |  Retail

To bolster its growth in China as it looks to reach coffee drinkers in the country, Tim Hortons has reportedly found a partner in Tencent. The...

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Tencent Becomes ‘Substantial’ Investor In Afterpay
Tencent Becomes ‘Substantial’ Investor In Afterpay
May 01, 2020  |  Fintech Investments

Tencent Holdings Limited has become a “substantial shareholder” of Afterpay, according to an announcement from the company. The Chinese technology firm purchased a 5 percent...

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Instacart Plans On Hiring 300,000 US Shoppers To Fulfill Orders As China’s Tencent To Track Students’ Health
Instacart Plans On Hiring 300,000 US Shoppers To Fulfill Orders As China’s Tencent To Track...
March 23, 2020  |  Coronavirus

Here are the latest updates on the impacts of the coronavirus from around the world. Instacart will add 300,000 more full-service shoppers to support cities...

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Tencent’s Revenues Up 25 Pct As Consumers Use Digital Services
Tencent’s Revenues Up 25 Pct As Consumers Use Digital Services
March 18, 2020  |  Earnings

Thanks to the coronavirus, we’ve now entered the age of social distancing, where interactions will, at least for now, be done through zeros and ones....

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WeChat Pay, Network International Team On UAE Merchant Payments
WeChat Pay, Network International Team On UAE Merchant Payments
February 25, 2020  |  Retail

Tencent Holdings, the company that developed mobile payment app WeChat Pay, has teamed up with Network International to allow for the service to be available...

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Chinese Tech Investments In US Plummet
Chinese Tech Investments In US Plummet
February 10, 2020  |  Investments

eCommerce giant Alibaba  — China’s largest tech firm — was among other Chinese investors that skipped past the U.S. in 2019, The Financial Times (FT)...

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