Posts Tagged: tencent


Suzhou bans private sector taxi apps

Chinese city bans taxi finder apps (apart from ones the municipal government created)

More trouble for China's taxi apps as Suzhou’s transportation department outlaws all private-sector taxi booking apps such as Tencent-back...

  • April 28, 2014
  • at 12:49 pm
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Chinese taxi-hailing app Didi Dache now books 5 million rides a day, and it spent $225 million to get there

After months of burning through cash, the endless subsidies for China’s taxi riders using Didi Dache or Kuaidi Dache appear to be windin...

  • April 3, 2014
  • at 4:30 pm
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Alibaba’s Jack Ma slams monopoly power as banks introduce new curbs on mobile payments

Alibaba’s Jack Ma slams monopoly power as banks introduce new curbs on online payments

Mobile commerce, online savings funds, and QR code-based m-payments are all under threat in China right now. The People’s Bank of China (P...

  • March 24, 2014
  • at 9:41 pm
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WeChat

Tencent just unleashed a secret weapon for WeChat that will terrify China’s Android app stores

China’s WeChat messenger (or Weixin, as it’s known domestically) comes packed with more tools than a Swiss army knife, and it...

  • March 21, 2014
  • at 8:27 pm
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Tencent earnings report

Tencent: $3.15 billion in profit in 2013 as company shifts focus to mobile, ecommerce

China’s Tencent (HKG:0700) has just published its Q4 and full-year 2013 earnings report, full of financial details and user numbers fo...

  • March 19, 2014
  • at 6:59 pm
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Tencent v Alibaba thumb

Tencent versus Alibaba: a complete guide to an increasingly fierce rivalry (INFOGRAPHIC)

Tencent (HKG:0700) is the world’s fourth largest web company, and Alibaba is on the verge of history’s largest tech IPO. Both o...

  • March 19, 2014
  • at 9:00 am
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China tech news this week

9 must-read tech stories in China this week

Major developments from Tencent and Alibaba this week as they take their e-commerce battle up another notch. But even these mighty firms hav...

  • March 16, 2014
  • at 10:32 am
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wechat censored

WeChat clamps down on political content, bans several outspoken bloggers

An alleged crackdown on WeChat this week led to at least a dozen public accounts being unexpectedly blocked. The accounts, most of which app...

  • March 14, 2014
  • at 12:32 pm
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let the bullets fly

Alibaba buys $804 million majority stake in ChinaVision, which Tencent also owns a part of

Oh, snap. Alibaba today announced that not only did it step on Tencent’s turf, the Chinese e-commerce kingpin bought the plot outright...

  • March 11, 2014
  • at 8:59 pm
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tencent qq 200 million thumb

200 million Chinese people use Tencent’s QQ… at the same time

Tencent's 15-year-old QQ messenger and social network might have hit it's final major milestone – 200 million people used the service simu...

  • April 14, 2014
  • at 1:00 pm
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Tencent takes stake in Korea's CJ Games

Tencent pays $500 million for big stake in Korean mobile gaming company

Chinese web and game company Tencent is boosting its mobile gaming prowess today by paying US$500 million for a stake in South Korea’s CJ ...

  • March 26, 2014
  • at 9:31 pm
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China property

Tencent boosts ecommerce business yet again with $180 million stake in property portal

Chinese web giant Tencent has paid US$180 million to take a 15 percent stake in a major real estate portal and ecommerce site in the country...

  • March 21, 2014
  • at 10:20 pm
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Yourbus Website

IbiboGroup acquires bus-tracking Indian startup YourBus to strengthen position in India’s online travel industry

India’s ibiboGroup has acquired bus tracking and analytics startup YourBus for an undisclosed amount, according to a statement by ...

  • March 20, 2014
  • at 11:29 am
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Line now has 400 million registered users

WeChat sees resurgent growth, now has 355 million active users

Chinese web titan Tencent (HKG:0700) has just put out its Q4 2013 earnings report. Amidst the financial figures is the one number everyone w...

  • March 19, 2014
  • at 5:28 pm
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China's central bank considering tough regulations on online payments

After last week’s clampdown, China reportedly considering tough regulations on online payments

Late last week, the People’s Bank of China (PBoC) moved to curb the rapid growth of online payments by banning in-person payments made usi...

  • March 18, 2014
  • at 12:56 pm
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WeChat and Alibaba hit as China bans online payments made using QR codes, virtual credit cards

WeChat and Alibaba hit roadbumps as China bans online payments made using QR codes, virtual credit cards

The People’s Bank of China (PBOC) issued an edict late yesterday that bans two particular things: epayments made via QR codes, and onl...

  • March 14, 2014
  • at 2:10 pm
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wechat tencent credit card

Virtual credit cards boom in China as Tencent issues one for WeChat users

Within 24 hours of Alibaba announcing it would hand out one million “virtual credit cards”, rival web giant Tencent (HKG:0700) reveal...

  • March 12, 2014
  • at 1:30 pm
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2 of China's web giants want to become banks as China reforms banking industry

2 of China’s web giants want to become banks as China reforms banking industry

China is set to launch a trial program to shake up the nation’s state-owned banks, allowing five new private banks to be set up in the...

  • March 11, 2014
  • at 6:55 pm
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