Tencent, Alibaba and ByteDance take stakes in more companies as crackdown hits growth
Tencent's Honour of Kings exhibition stand on July 7, 2021 in Shanghai, China.SynopsisWith growth of their core businesses stunted as a result of tighter…
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Australia PM loses control of WeChat Chinese account
Australia's Prime Minister Scott Morrison's Liberal Party lost access to his official WeChat social media account months ago, politicians said on Monday,…
Prosus Makes $4.7 Billion Bet on Online Payments in India
JOHANNESBURG—European technology giant Prosus NV said it struck a $4.7 billion deal—its largest-ever acquisition—to buy Indian payments platform…
Chinese tech firms ‘self-correct’ to get ahead of potential regulatory fury
Fretting about unprecedented regulatory heat for China's tech sector, some companies are no longer waiting for any official reprimands that may or may not be…
Tencent vows fresh gaming curbs after ‘spiritual opium’ attack zaps $60 billion
File photo: A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing.SHANGHAI: Shares of online…
Tencent tumbles after Chinese media calls online gaming “spiritual opium”
File photo: A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing.SHANGHAI: Shares of online…
From Gojek to Grab, tech giants combine to thrive in south-east Asia’s rapidly consolidating market
On May 17 Gojek and Tokopedia announced their plan to combine into a new company GoTo. SynopsisDigitalisation and the pandemic have accelerated the rise and…
Tencent snaps up British video game developer Sumo in $1.3 billion deal
China's Tencent will buy British videogame developer Sumo in a $1.27 billion deal, it said on Monday, adding new titles to its growing portfolio of…
PUBG maker Krafton slashes IPO target by a quarter
South Korea's Krafton, the company behind blockbuster video game "PlayerUnknown's Battlegrounds" (PUBG), cut its IPO target by nearly a quarter on Thursday…
After ban on Clubhouse, other audio apps rise in China. But Beijing is listening in.
The Clubhouse application on the Apple App storeSynopsisThe Cyberspace Administration of China said in a March notice that it had summoned staff from about a…