Even China's biggest company is looking for an exit
With the once-hot China market cooling, Tencent plans to invest more to leverage its foreign exposure including beefing up overseas games publishing operations.
Tencent buys game studio behind hit Nintendo Switch titles
The Shenzhen-based entertainment giant has taken about a 90% stake in Wake Up Interactive Ltd. for more than ¥5 billion ($44 million), sources said.
Singles Day shopping event subdued by China's tech crackdown
Singles Day — so-called for its 11/11 date — began more than a decade ago and for years was a one-day, 24-hour event.
China’s humbled tech tycoons pledge allegiance to Xi’s vision
The top tech bosses vowed to support the leader's "common prosperity” policy and market-roiling regulatory onslaught on the digital sector, at the country’s annual internet conference.
Casinos and Evergrande crises renew worries over China stocks
A soft rebound on Friday was small consolation for investors, with Hong Kong’s Hang Seng Index and the mainland’s CSI 300 gauge still ending the week down more than 3% each.
Some of the biggest companies operating in China are starting to make a habit out of giving away their earnings.
Tencent tumbles after China media calls online gaming 'spiritual opium'
A state-run outlet said many teenagers were addicted to online video games and called for more curbs on the industry.
Beijing's big tech crackdown means a bad summer for investors everywhere
Beijing’s crackdown over the weekend on for-profit school tutoring is just one part of a much wider reshape of the tech economy in China.
The penalty on Asia’s most valuable corporation is indicative of Beijing’s escalating campaign against home-grown tech giants.
China is killing its tech golden goose
U.S. lawmakers may be fretting unnecessarily, because the Chinese government seems to be doing everything possible to lose its tech race with America.
Chinese regulators rejected Huya’s proposal to acquire rival DouYu, killing a deal that would have helped cement Tencent’s lead in video game streaming.
China’s new data law gives Xi the power to shut down tech firms
Xi’s administration has tightened control over the hoard of information produced by the nation’s tech companies as part of broader efforts to position China as a leader in big data.
