Posts Tagged ‘Tencent’

Tencent’s China Literature sinks amid crackdown

By BLOOMBERG
SHANGHAI • One of Tencent Holdings Ltd’s most valuable investments is sinking as China expands its crackdown on online content. China ...

Tencent’s quarterly earnings top estimates, reassuring skittish investors

Investors are counting on the worst being over as Tencent invests in video and news personalisation
HONG KONG • Tencent Holdings Ltd’s quarterly ...

Tencent swaps out PUBG for Chinese game

By BLOOMBERG
HONG KONG • Tencent Holdings Ltd unveiled its latest entry in the battle royale death-match genre yesterday, allowing China’s largest ...

Nintendo shares see jump as Tencent wins Switch game approval in China

TOKYO • Nintendo Co Ltd shares jumped after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console, a ...

Tencent sold RM24b dollar bond, Asia’s largest in 2019

By BLOOMBERG
HONG KONG • Tencent Holdings Ltd sold a US$6 billion (RM24.49 billion), five tranche dollar bond, making it the biggest dollar offering in ...

Naspers to separate Tencent stake, web assets in Dutch listing

JOHANNESBURG • Naspers Ltd plans to carve out its Internet businesses, including a US$133 billion (RM541.19 billion) stake in China’s Tencent Holdings Ltd ...

Tencent profit drops on higher spending

HONG KONG • Tencent Holdings Ltd posted a slump in fourth-quarter (4Q) earnings on increased spending as its prized games business showed signs of recovery ...

Mubadala, Tencent mull bids for RM12b Watson stake

By BLOOMBERG
HONG KONG • Mubadala Development Co, the Abu Dhabi sovereign fund, and Chinese Internet giant Tencent Holdings Ltd are weighing bids for ...

Tencent-backed Meituan’s losses balloon in duel with Alibaba

HONG KONG • Meituan Dianping is reaping the benefits of scale in its core food delivery division as it feels the pain of competition from arch-foe Alibaba ...

Tencent-backed Sea to raise RM5.5b in US share sale

By BLOOMBERG
SINGAPORE • Sea Ltd, operator of South-East Asia’s biggest gaming platform, has raised US$1.35 billion (RM5.54 billion) after increasing ...

Tencent, buyout firms are said to weigh potential bids for Nexon

HONG KONG • Tencent Holdings Ltd as well as private equity firms Hillhouse Capital and KKR & Co Inc are considering bids to acquire a major stake in ...

Tencent unveils a Siri-like digital assistant for WeChat users

HONG KONG • Tencent Holdings Ltd will soon introduce a Siri-like digital assistant for WeChat, helping the messaging service’s billion-plus users with ...