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Tencent, Guillemot Family Said to Consider Buyout of Ubisoft After Market Value Dips
After Ubisoft lost more than half its market value this year, Tencent Holdings and Ubisoft Entertainment SA’s founding Guillemot family are considering a potential buyout. The Chinese tech company and Guillemot Brothers have been speaking with advisers to help explore ways to stabilise Ubisoft and bolster its value.
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Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
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League of Legends, Valorant Developer Riot Games to Lay Off About 11 Percent of Staff
Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 percent of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.
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China's Tencent To Join AI Race, Unveil AI Chatbot "Hunyuan" Soon
China's internet giant Tencent Holdings said that it will unveil an artificial intelligence (AI) chatbot on Thursday, according to a social media post it published on Wednesday.
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Tencent Begins Testing of Self-Developed AI Model; Integrates With Internal Services, Products
China's Tencent Holdings said on Thursday that it has started internal testing of its self-developed artificial intelligence (AI) model, which is now being integrated with a number of internal services and products. In a statement sent to Reuters on Thursday, Tencent said its foundation AI model named "Hunyuan" has been integrated with a range of ...
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Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
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US Senators Urge US President Joe Biden to Sanction Huawei Cloud, Other Chinese Cloud Service Providers
Huawei Cloud and other Chinese cloud service providers should be sanctioned; a group of US senators has urged US President Joe Biden. Nine Republican senators have cited national security concerns in their call to the Biden administration to impose sanctions on the Chinese firms.
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Twitter No Longer an Independent Company After Merger With Elon Musk's Newly Formed Shell Firm X
Twitter has ceased to be an independent company after merging with a newly formed shell firm called X, driving speculation about what Elon Musk intends for the social media platform.
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Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
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With Eye On AI Chatbot Market, Tencent Sets Up Team To Work On ChatGPT-Like Product: Report
The product, to be called "HunyuanAide", will incorporate Tencent's AI training model named "Hunyuan", said the people who were not authorised to speak to media and declined to be identified.
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China Directs Tech Companies Not to Offer Access to ChatGPT on Their Platforms: Report
China has instructed them not to offer access to ChatGPT services on their platforms, either directly or via third parties, people with direct knowledge of the matter told Nikkei Asia. Beijing's clampdown on ChatGPT, the hugely popular AI-powered chatbot, comes as little surprise to many in China's tech industry.
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Tencent Said to Be in Talks With Meta to Distribute Quest VR Headsets in China
Tencent Holdings is in talks with Meta Platforms to distribute its Meta Quest line of virtual reality headsets in China, three people familiar with the matter said. The talks between Tencent and Meta started last year and have continued in recent months, according to one of the sources who has direct knowledge of the matter, adding that the talks ...
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
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Tencent's NFT Platform Huanhe to Stop Sales for Public as Scrutiny Mounts
Tencent will no longer release digital collectibles to the public on its non-fungible token (NFT) platform Huanhe as regulatory scrutiny of NFTs mounts in the country. Huanhe was officially launched early last August. However, the owners of existing collectibles will still be able to hold, display or request a refund for their possessions.
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Tencent Stops Sales On Its NFT (Non-Fungible Token) Platform A Year After Launch
Chinese internet giant Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country.
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Tencent, Guillemot Family Said to Consider Buyout of Ubisoft After Market Value Dips
After Ubisoft lost more than half its market value this year, Tencent Holdings and Ubisoft Entertainment SA’s founding Guillemot family are considering a potential buyout. The Chinese tech company and Guillemot Brothers have been speaking with advisers to help explore ways to stabilise Ubisoft and bolster its value.
-
Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
-
League of Legends, Valorant Developer Riot Games to Lay Off About 11 Percent of Staff
Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 percent of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.
-
China's Tencent To Join AI Race, Unveil AI Chatbot "Hunyuan" Soon
China's internet giant Tencent Holdings said that it will unveil an artificial intelligence (AI) chatbot on Thursday, according to a social media post it published on Wednesday.
-
Tencent Begins Testing of Self-Developed AI Model; Integrates With Internal Services, Products
China's Tencent Holdings said on Thursday that it has started internal testing of its self-developed artificial intelligence (AI) model, which is now being integrated with a number of internal services and products. In a statement sent to Reuters on Thursday, Tencent said its foundation AI model named "Hunyuan" has been integrated with a range of ...
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Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
-
US Senators Urge US President Joe Biden to Sanction Huawei Cloud, Other Chinese Cloud Service Providers
Huawei Cloud and other Chinese cloud service providers should be sanctioned; a group of US senators has urged US President Joe Biden. Nine Republican senators have cited national security concerns in their call to the Biden administration to impose sanctions on the Chinese firms.
-
Twitter No Longer an Independent Company After Merger With Elon Musk's Newly Formed Shell Firm X
Twitter has ceased to be an independent company after merging with a newly formed shell firm called X, driving speculation about what Elon Musk intends for the social media platform.
-
Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
-
With Eye On AI Chatbot Market, Tencent Sets Up Team To Work On ChatGPT-Like Product: Report
The product, to be called "HunyuanAide", will incorporate Tencent's AI training model named "Hunyuan", said the people who were not authorised to speak to media and declined to be identified.
-
China Directs Tech Companies Not to Offer Access to ChatGPT on Their Platforms: Report
China has instructed them not to offer access to ChatGPT services on their platforms, either directly or via third parties, people with direct knowledge of the matter told Nikkei Asia. Beijing's clampdown on ChatGPT, the hugely popular AI-powered chatbot, comes as little surprise to many in China's tech industry.
-
Tencent Said to Be in Talks With Meta to Distribute Quest VR Headsets in China
Tencent Holdings is in talks with Meta Platforms to distribute its Meta Quest line of virtual reality headsets in China, three people familiar with the matter said. The talks between Tencent and Meta started last year and have continued in recent months, according to one of the sources who has direct knowledge of the matter, adding that the talks ...
-
China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
-
Tencent's NFT Platform Huanhe to Stop Sales for Public as Scrutiny Mounts
Tencent will no longer release digital collectibles to the public on its non-fungible token (NFT) platform Huanhe as regulatory scrutiny of NFTs mounts in the country. Huanhe was officially launched early last August. However, the owners of existing collectibles will still be able to hold, display or request a refund for their possessions.
-
Tencent Stops Sales On Its NFT (Non-Fungible Token) Platform A Year After Launch
Chinese internet giant Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country.
