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Tencent saw record growth in gaming in 2020, investing in nearly 30 companies as PUBG Mobile and Honour of Kings pulled in more than US$5bil. While Alibaba and ByteDance continue to push into gaming, miHoYo’s Genshin Impact became one of the hottest new titles without Tencent’s ecosystem.
HONG KONG (Reuters) - China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing's latest tightening of scrutiny.
SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a month ahead of its usual annual release schedule for models of its flagship compact phone.
E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest.
Once a leader, Xiami saw its monthly active users (MAUs) fall to 22.4 million by October 2020, a tiny fraction of the 450 million for Tencent’s three music apps. Founder Wang Hao’s laid back style was reflected in Xiami’s philosophy of focusing on the music first but it may have also contributed to the decline.
Hike, the messaging app backed by SoftBank Group Corp that aimed to compete against WhatsApp in the world’s second-most populous country, shut down and vanished from app stores on Jan 18.
Entrepreneur Luo Yonghao, founder of Smartisan, once boasted of surpassing Apple’s innovation in smartphones and other devices. By 2019, Luo was scrambling to pay off Smartisan’s debts amid an economic slowdown in China.
Beijing-based ByteDance launched on Tuesday its third-party payment service for the Chinese version of its hit short video app TikTok, Douyin Pay, as it presses to expand into the e-commerce business in China.
AMSTERDAM (Reuters) - ASML Holding NV, an essential supplier of equipment to computer chip makers, on Wednesday posted better-than-expected earnings for the fourth quarter of 2020 and hinted it could upgrade its 2021 sales outlook depending on U.S.-China politics.
WeChat creator Allen Zhang is counting on a breakthrough in video to thwart TikTok owner ByteDance Ltd, building on the success of his last big overhaul of the all-in-one messaging app.