∗Tencent Archives - Pandaily

WeChat Officially Launches the ‘One-click AI Q&A’ Feature

Pandaily — Fri, 28 Jun 2024 07:11:33 +0000

WeChat input method officially launches the 'One-click AI Q&A' function, which is based on Tencent's Hunyuan large model.

Tencent’s DNF Mobile Game Will No Longer Be Available on Some Android App Stores

Pandaily — Tue, 25 Jun 2024 08:35:10 +0000

Tencent announced that starting from June 20th, the mobile game "Dungeon & Fighter: Origin" will no longer be available on certain Android app stores.

Tencent May Acquire A 10% Stake in Thailand’s GMM Music for $70 Million

Pandaily — Tue, 04 Jun 2024 03:33:53 +0000

The Thai entertainment company GMM Music announced that Chinese internet giant Tencent and its music entertainment platform Tencent Music Entertainment will acquire 10% of its shares for $70 million.

“Tencent Yuanbao” Launches: Based on the Hunyuan LM, Supports AI Search, Summarization, Writing

Pandaily — Thu, 30 May 2024 07:38:39 +0000

On May 30th, Tencent officially released the consumer-oriented AI assistant "Tencent Yuanbao" based on the Hunyuan large model.

WeChat Channels Live E-Commerce Team Merges Into the WeChat Open Platform Team

Pandaily — Wed, 29 May 2024 09:14:11 +0000

On May 28th, WeChat issued an internal announcement that the WeChat Channels live e-commerce team has been reorganized.

Tencent Cloud AI Code Assistant Is Free for A Limited Time Public Beta Test

Pandaily — Mon, 27 May 2024 07:23:14 +0000

Tencent Cloud announced that its AI Code Assistant is now open for free limited-time public testing.

US Department of Justice Lawsuit Against Apple: The Implication for Super Apps and Market Dominance

Pandaily — Tue, 26 Mar 2024 14:49:33 +0000

Last Thursaday, the United States Department of Justice (DOJ) initiated a significant lawsuit against Apple Inc., leveling allegations such as suppressing the growth of cloud gaming services and the burgeoning sector of "super apps".

Tencent’s Various Products Are Increasing Investment in Short Dramas

Pandaily — Tue, 27 Feb 2024 08:24:33 +0000

Chasing after Douyin and Kuaishou, Tencent's various products are intensifying their efforts in short drama content.

Digital Red Packets Drive Record Online Transactions on Chinese New Year’s Eve

Pandaily — Mon, 12 Feb 2024 09:15:24 +0000

On Chinese New Year's Eve, as the clock struck midnight, the peak of online payment transactions processed by NetsUnion Clearing Corporation and China UnionPay reached a record high.

miHoYo’s ‘Zenless Zone Zero’ Surpasses 20 Million Pre-registrations, Set for Console/PC/Mobile Release This Year

Pandaily — Wed, 07 Feb 2024 01:37:35 +0000

On Tuesday morning, miHoYo confirmed that their upcoming game "Zenless Zone Zero" has surpassed 20 million pre-registrations across all platforms. The game, which is set for release in 2024, had already secured its license in October 2023.

Hasbro Seeks to Sell IP “DND” and Has Had Preliminary Contact with Tencent

Pandaily — Wed, 31 Jan 2024 03:22:33 +0000

American toy company Hasbro is seeking to sell its well-known IP "Dungeons & Dragons", and Tencent is one of the potential buyers.

Tencent CEO Pony Ma’s Annual Conference Speech Exposed

Pandaily — Tue, 30 Jan 2024 03:57:50 +0000

On January 29th, Pony Ma, the CEO of Tencent, reviewed the development of various businesses under Tencent in the past year and proposed plans for the future at the annual meeting.

Tesla Is Testing Lane-Level Navigation in China, Collaborating with Baidu Maps

Pandaily — Thu, 25 Jan 2024 12:06:12 +0000

Tesla plans to launch lane-level navigation in China, collaborating with Baidu Maps, and is expected to go live with the update during the Spring Festival.

The News States that the Cooperation Between Tencent and Meta Has Been Terminated

Pandaily — Fri, 19 Jan 2024 04:36:17 +0000

There is news that Tencent has received notification from Meta, stating that they will temporarily suspend their collaboration on this generation of XR hardware.

Honor of Kings Will Reopen Douyin Live Streaming, Tencent and ByteDance Break the Wall

Pandaily — Mon, 15 Jan 2024 03:58:09 +0000

According to the official Weibo account of Honor of Kings, starting from January 21st, the Honor of Kings Douyin live streaming will be fully open.

Tencent Responds to the Collective Server Crash of Popular Games in the Early Morning

Pandaily — Fri, 12 Jan 2024 04:29:05 +0000

On the early morning of January 12th, multiple popular game servers under Tencent experienced issues simultaneously, resulting in a large number of online players being disconnected.

Tencent NOW Live Ceases Operation and Is Kaken Down Today

Pandaily — Wed, 27 Dec 2023 07:17:21 +0000

On December 27th at 11 o'clock (Beijing time), Tencent's live streaming + short video + social platform - NOW Live has completely ceased operations and been taken down.

Super Apps: The Inevitable Future of Integrated Platforms in the Digital Age

Pandaily — Tue, 19 Dec 2023 08:33:36 +0000

The astounding success of super apps like WeChat in China suggests that this model could potentially gain ground in the West as both consumers and businesses increasingly gravitate towards comprehensive platforms that cater to their multifaceted needs.

WeChat Pay Launches ‘Learn First, Pay Later’ Feature

Pandaily — Wed, 13 Dec 2023 09:04:18 +0000

WeChat Pay launched the 'Learn First, Pay Later' feature. As long as your WeChat Pay score exceeds 600 points, you can 'attend classes first and pay later'.

Tencent Released Q3 Financial Report, Showing a 39% Net Profit Growth

Pandaily — Fri, 17 Nov 2023 16:20:41 +0000

On November 15th, Tencent Holdings Ltd. released its third-quarter financial report, showing a revenue of 154.63 billion yuan, a year-on-year increase of 10%, and a net profit (Non-IFRS) of 44.92 billion yuan, a year-on-year increase of 39%.

Pony Ma’s Keynote at Tencent’s 25th Anniversary Celebration

Pandaily — Tue, 14 Nov 2023 07:12:23 +0000

On November 11th, Tencent held its 25th anniversary celebration, with Pony Ma and other Tencent executives having an internal communication with employees.

ERNIE Bot Offers A Premium Monthly Subscription for 59.9 Yuan, Multiple LMs Now Available for Paid Access

Pandaily — Thu, 02 Nov 2023 08:20:07 +0000

On November 1st, ERNIE Bot officially launched its membership service.

Tencent’s Q2 Net Profit Jumps 33%, Video Account Usage Time Almost Doubles

Pandaily — Thu, 17 Aug 2023 05:23:46 +0000

Tencent's net profit in the second quarter increased by 33% year-on-year, and the usage time of video accounts nearly doubled.

Tencent Hunyuan AI Large Model Starts Internal Testing

Pandaily — Thu, 03 Aug 2023 11:50:38 +0000

Tencent's self-developed 'Tencent Hunyuan AI Large Model' has entered the internal testing phase. Several Tencent employees have reported receiving internal emails inviting them to experience the Tencent Hunyuan AI Large Model through webpages or mini-programs. Multiple Tencent business units have also integrated the Tencent Hunyuan AI Large Model for testing.

Tencent Backs Large-Scale AI Models with Investment in MiniMax

Pandaily — Mon, 05 Jun 2023 11:02:39 +0000

Tencent has reportedly made its first investment in large-scale AI models, contributing to a new $250 million financing round for startup MiniMax, which values the firm at over $1.2 billion.

Tencent CEO Pony Ma’s WeChat Message Sparks Discussions on Social Media

Lavinia — Mon, 05 Jun 2023 03:01:52 +0000

A screenshot of a WeChat conversation involving Tencent CEO Pony Ma went viral today, trending on Weibo and sparking discussions among industry insiders and netizens alike. According to the chat record, Ma shared an article titled “Discussing Layoffs” in a WeChat group, and noted, “The challenges of the upcoming environment seem quite large, you should […]

Tencent’s Pony Ma Says AI is a Once-in-a-century Opportunity

Pandaily — Fri, 19 May 2023 01:46:11 +0000

"I feel that many companies are too hasty and seem to be boosting their stock prices. We have never been this kind of style."

Autonomous Driving Company Mogo Auto Secures Series C2 Financing, Tencent Participates in

Pandaily — Sat, 06 May 2023 01:31:32 +0000

Mogo Auto, a company offering autonomous driving technology and operation services, has successfully raised 580 million yuan ($83 million) in C2 round financing.

Tencent Cloud Releases Low-cost Digital Human Production Platform

Pandaily — Thu, 27 Apr 2023 01:24:58 +0000

Tencent Cloud publicly announced its digital human production platform on April 25th. The platform boasts several features, including small training samples, high production efficiency, and automated production.

Tencent’s Investment Vehicle Distributes Kuaishou Shares

Pandaily — Thu, 20 Apr 2023 01:52:31 +0000

Parallel Nebula Investment Limited (PNI) has distributed approximately 51 million Class B shares of Kuaishou at the request of certain external capital partners. PNI is an investment vehicle indirectly controlled by Tencent Plus Partners (TPP), which is under Tencent.

Tencent Showcases Vehicle-cloud Integration Technology

Pandaily — Tue, 18 Apr 2023 02:56:36 +0000

Tencent showcased its vehicle-cloud integration technology and advances in smart driving maps, cockpit interaction solutions and more on the Tencent Intelligent Mobility Ecosystem Day on April 17.

Tencent’s “Return to Empire” Game is Available for Traffic Acquisition on ByteDance’s Platforms

Pandaily — Wed, 12 Apr 2023 04:07:47 +0000

Tencent's game "Return to Empire" is now eligible for promotion through traffic acquisition strategies on ByteDance's platforms, including TikTok's sister app Douyin, news and information content platform Toutiao, and streaming platform Xigua Video.

Tencent Punishes Multiple Executives for WeChat and QQ Malfunctions at the End of March

Pandaily — Tue, 11 Apr 2023 03:43:55 +0000

On March 29, Tencent's two social platforms - WeChat and QQ - experienced a crash. Although the issue was resolved later that day and WeChat had previously experienced minor faults before this incident occurred, Tencent still issued severe punishment for it.

Sogou Founder Builds New Startup to Research Large-scale Model

Pandaily — Tue, 11 Apr 2023 03:03:06 +0000

On April 10, Wang Xiaochuan, the founder of Chinese search engine Sogou, announced his foray into large-scale models by co-founding an artificial intelligence company called Baichuan Intelligence with former Sogou COO Ru Liyun.

Chinese Pop Star Jay Chou Sues NetEase for Unfair Competition

Pandaily — Tue, 11 Apr 2023 02:38:01 +0000

On April 10, news about Jay Chou, a Taiwanese singer, songwriter, record producer, rapper, actor and television personality suing Chinese technology company NetEase for unfair competition went viral on Weibo, a Twitter-like platform.

The Entrepreneurial Boom in China Sparked by ChatGPT Welcomes New Members

Pandaily — Thu, 06 Apr 2023 02:58:08 +0000

ChatGPT is sparking an entrepreneurial movement in China, attracting a steady stream of new members. Some of them come from major companies such as Alibaba, Kuaishou, Bytedance, Tencent and others.

Tencent Releases An Intelligent Creation Assistant

Pandaily — Fri, 31 Mar 2023 03:39:07 +0000

On March 30, Yao Tianheng, Vice President of Tencent's Content Platform Department, announced the launch of an intelligent creation assistant called "Zhiying". This tool provides content creators with a range of intelligent creation tools to enhance efficiency and quality in their work.

Tencent’s Super App WeChat Announces New Plans for Many Sectors

Pandaily — Wed, 29 Mar 2023 02:46:49 +0000

On March 28, Tencent's flagship app WeChat announced a series of new plans for various sections including video accounts, payment, mini programs, search services and WeCom at its annual event promoting new functions and strategies.

China Approves 86 Games in March, Including Tencent, NetEase Titles

Pandaily — Fri, 24 Mar 2023 05:37:37 +0000

On March 23, China's video game regulator approved a total of 86 games for release this month, including titles from major companies such as Tencent, NetEase, 37 Interactive Entertainment, and Leiting Games.

Tencent Fires A 47-Year-Old Front-End Expert

Pandaily — Mon, 13 Mar 2023 08:50:11 +0000

Tencent's highest front-end developer, Stone Hang, who had been with the company since 2005, was unexpectedly fired this January at the age of 47. The news, which was first reported on Xiaohongshu, a popular life-sharing platform in China, surprised many netizens.

Tencent Sets up New Team for Developing ChatGPT-like Products

Pandaily — Mon, 27 Feb 2023 10:12:23 +0000

Tencent has set up a project team named "HunyuanAide" for developing ChatGPT-like conversational products. At present, the team has at least 7 team leaders and 7 sponsors.

Chinese TV Series Based on The Three-Body Problem to Welcome a Second Season

Pandaily — Thu, 23 Feb 2023 09:59:43 +0000

This year, the Chinese TV series based on "The Three-Body Problem", a popular sci-fi novel series, was highly praised. The chief producer said lately that he would put more strength into the second season to reward the numerous fans of the sci-fi drama.

Esports Startup VSPO Obtains $265M Investment, A Record High

Pandaily — Wed, 22 Feb 2023 07:28:30 +0000

VSPO, a Chinese esports startup specializing in tournaments, venues and production, has obtained a 1.8 billion yuan cash ($265 million) investment from Saudi Arabia’s Savvy Games Group.

Tencent Plans to Introduce Meta Quest 2 for Its XR Business

Pandaily — Mon, 20 Feb 2023 08:53:30 +0000

Tencent's extended reality (XR) department underwent adjustment and started to focus on building software. It reportedly will introduce Quest 2, a VR device under Meta, in the future.

Tencent Restructures XR Division, Affected Team Members Receive Two-Month Transition Period

Pandaily — Fri, 17 Feb 2023 05:10:16 +0000

Tencent reportedly started the partial dissolution of its extended reality (XR) team. The Chinese tech company later responded that its XR division will be restructured as a result of an overhaul of the company's hardware development plans.

Tencent Launches Cross-Border Payment Platform for E-Commerce Business

Pandaily — Thu, 16 Feb 2023 10:35:28 +0000

Chinese leading tech player Tencent recently launched a cross-border payment platform named "Tenpay Global Business", which provides a one-stop solution for services such as global collection, payment and exchange for cross-border e-commerce sellers and platforms.

ByteDance-Backed Feishu Sees $100M Annual Recurring Revenue in 2022

Pandaily — Thu, 16 Feb 2023 10:09:10 +0000

Feishu, an office tool owned by Chinese tech giant ByteDance, announced that its annual recurring revenue (ARR), a key indicator, reached $100 million in 2022, an increase of 2.7 times compared with 2021.

WeChat Tests Mini-Program to Access Shops with Delivery Capabilities

Pandaily — Thu, 16 Feb 2023 05:22:54 +0000

Tencent-backed social app WeChat is testing a take-out mini-program in two major Chinese urban centers, Guangzhou and Shenzhen. According to Tencent, the mini-program is exploring opportunities with sellers who already have the ability to deliver orders.

Who Will Be the First Successful Developer of Chinese Version of ChatGPT?

Pandaily — Mon, 13 Feb 2023 09:10:00 +0000

As the discussion caused by artificial intelligence chat robot ChatGPT continues to heat up, the science and technology circle is welcoming the new buzz. Many Chinese tech giants have made great efforts to seize the opportunity to create the first "Chinese version of ChatGPT".

WeChat Offline Payment Transactions Up 23% During Spring Festival Holiday

Pandaily — Mon, 30 Jan 2023 08:13:56 +0000

WeChat, a social media platform owned by Tencent, released on January 19 it's consumption data for the Spring Festival holiday. In the face of a gradual increase in consumption enthusiasm, the offline payment transaction volume of users using WeChat increased by 23%.

Chinese TV Series Based on “The Three Body Problem” Widely Praised

Pandaily — Mon, 16 Jan 2023 09:30:22 +0000

On the evening of January 15, a Chinese-made TV show adapted from "The Three Body Problem," a popular sci-fi novel series that won its author Liu Cixin a Hugo Award in 2015, was broadcast on CCTV-8, Tencent Video and Migu Video, receiving widespread online praise.

Tencent’s XR Business Stops Operation

Pandaily — Fri, 13 Jan 2023 08:59:27 +0000

Tencent's extended reality (XR) business has suspended operation, affecting a team of more than 300 people, and it is not yet known whether there will be any major personnel adjustments soon.

Chinese TV Series Based on “The Three Body Problem” to Premiere Sunday

Pandaily — Fri, 13 Jan 2023 03:07:53 +0000

A Chinese-made TV show adapted from "The Three Body Problem," a popular sci-fi novel series that won its author Liu Cixin a Hugo Award in 2015, is set to premiere on January 15 on CCTV, Tencent Video and Migu Video.

Social Deduction Game “Goose Goose Duck” Denies Being Distributed or Acquired by Tencent

Pandaily — Thu, 12 Jan 2023 04:34:41 +0000

After "Goose Goose Duck," a social deduction game produced by Gaggle Studios, became popular in China, its server crashed repeatedly and the firm had to halt service to carry out maintenance.

Tencent’s Platform and Content Group Achieved Profitability at End of 2022

Pandaily — Wed, 11 Jan 2023 09:29:29 +0000

All businesses under Tencent's Platform and Content Group (PCG) were profitable at the end of 2022, allowing the group to increase its annual profit by several billion yuan.

Tencent’s WeChat Video Channels Saw Robust Growth in 2022

Pandaily — Tue, 10 Jan 2023 11:06:10 +0000

WeChat, Tencent's mulitfunctional social media app that is ubiquitous in China, saw its business ecosystem expand last year with the robust growth of a video-based feature called Channels.

NetEase Games Acquires Canada-Based Game Studio SkyBox Labs

Pandaily — Mon, 09 Jan 2023 07:43:23 +0000

NetEase, a leading Chinese internet and game services provider, announced on January 6 that its games division had acquired SkyBox Labs, a Canada-based game studio.

Baidu Founder Robin Li Discusses Firm’s Management and Business Problems

Pandaily — Fri, 06 Jan 2023 10:41:20 +0000

At the end of December, Baidu founder Robin Li held an internal livestreaming session for all employees and pointed out many internal management and business problems.

Tencent’s WeChat Channels to Charge Merchants Technical Service Fees

Pandaily — Fri, 30 Dec 2022 05:17:25 +0000

Pony Ma, the founder, chairman and CEO of Shenzhen-based tech giant Tencent emphasized at a recent internal staff meeting that "WeChat (Video) Channels is the hope of the whole company," and the short video platform has since made various moves to commercialize.

Tencent’s Mobile Music Game “Rhythm Master” Set to Return

Pandaily — Tue, 27 Dec 2022 04:26:23 +0000

In February of 2021, Tencent announced that its classic mobile music game "Rhythm Master" would be suspended. On December 26 of this year, however, the team responsible announced that they would start initial technical tests, indicating the game's eventual return.

Tencent Founder Pony Ma Emphasizes Costs and Efficiency, Points Out Severe Internal Corruption

Pandaily — Thu, 22 Dec 2022 09:00:00 +0000

Tencent recently held an online internal staff meeting to discuss reducing costs and increasing efficiency. About 100 employees attended the meeting, during which firm founder Pony Ma delivered a sharp speech, pointing out the problems with the company's internal management.

GitHub Cooperates with Tencent’s WeChat to Secure User Privacy

Pandaily — Wed, 21 Dec 2022 11:21:01 +0000

GitHub, an Internet hosting service for software development and version control using Git, announced on December 19 that it has partnered with Tencent's social app WeChat to scan for their tokens and help secure their mutual users on all public and private repositories with GitHub Advanced Security.

Tencent Launches TanLIVE to Spur Innovation of Low-Carbon Tech

Pandaily — Wed, 21 Dec 2022 11:06:06 +0000

Shenzhen-based internet giant Tencent and 10 international and domestic partners, including Impact Hub Shanghai and Plug and Play China, have recently launched TanLIVE, a platform that aims to connect stakeholders of low-carbon technologies.

Tencent’s WeChat Keyboard to Curb Data Leakage Ranks Top in App Store after Launch

Pandaily — Mon, 19 Dec 2022 13:59:00 +0000

On December 19, WeChat Keyboard, a Chinese input method app created by Tencent's WeChat team, went online in the Apple and Android App Stores, and ranked first in the free download list of tool-related apps.

Tencent’s WeChat Restricts ChatGPT Mini Programs

Pandaily — Thu, 15 Dec 2022 08:48:07 +0000

Since the global surge in use of ChatGPT, a prototype chatbot developed by San Francisco-based artificial intelligence lab OpenAI, many related mini-programs have appeared on Tencent's WeChat app popular in China, although they now appear to have been restricted.

Tencent’s QQ Tests New Social Interaction Function for Close Friends

Pandaily — Wed, 07 Dec 2022 08:47:36 +0000

QQ, a 23-year-old social networking platform operated by Tencent, has been constantly transforming to fit shifting tech trends, and its content and social functions are getting closer to the preferences of young people.

Tencent’s Anime AI Picture Generator Hits Global Social Platforms

Pandaily — Wed, 07 Dec 2022 04:33:53 +0000

Different Dimension Me, an anime photo generator developed by Chinese internet giant Tencent, has recently become popular on global social platforms. However, this AIGC tool has also received allegations of racial discrimination due to limitations of its algorithms and image recognition functions.

Chinese Digital Collection Platforms Retreat Under Strong Supervision

Pandaily — Mon, 21 Nov 2022 05:58:25 +0000

Since October, nearly 20 small and medium-sized digital collection platforms in China have issued announcements regarding scale-backs and liquidations, citing industry risks, low growth rates, stagnated development and other reasons.

37 Interactive Entertainment Ranks First in Global Revenue List of Chinese Game Makers

Pandaily — Wed, 16 Nov 2022 13:30:08 +0000

On November 15, data.ai, a third-party data organization, published the income list of Chinese game manufacturers in overseas markets for the month of October. 37 Interactive Entertainment surpassed Tencent, miHoYo and other game manufacturers for the first time, ranking first.

Tencent Distributes Meituan Shareholding Worth of $20B

Pandaily — Wed, 16 Nov 2022 12:47:32 +0000

On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.

Chinese Game Makers See Stock Prices Increase after State Media Recognizes Value

Pandaily — Wed, 16 Nov 2022 12:31:10 +0000

One of China's official media outlets published an article entitled "the opportunity in the gaming industry cannot be missed". The news sent stock prices of Chinese game makers in Hong Kong shooting upwards.

Tencent Invests in Electric Bicycle Firm Tenways

Pandaily — Tue, 15 Nov 2022 09:52:13 +0000

One of Tencent's investment affiliates recently took a stake in ShenZhen Tenways Technovation Limited, a manufacturer of electric bicycles. The registered capital of the company increased 38.8%.

Tencent and China Unicom Approved to Set Up Mixed-Ownership JV

Pandaily — Wed, 02 Nov 2022 08:51:15 +0000

According to an official document released on October 27 by China's State Administration for Market Regulation (SAMR), internet giant Tencent and state-owned telecommunications operator China Unicom have gained unconditional approval to establish a joint venture following the completion of a review on October 18.

Prosus Denies Report of Talks to Sell Controlling Stake in Tencent to CITIC

Pandaily — Tue, 01 Nov 2022 08:29:00 +0000

News emerged on October 31 that a consortium headed by CITIC Group, one of China's largest conglomerates, was in discussion with Naspers, a major shareholder of Tencent, to acquire its shares in full. Naspers' subsidiary Prosus later responded, calling the report "speculative and untrue."

Douyin to Compensate Tencent $4.38M Due to Video Infringement

Pandaily — Mon, 31 Oct 2022 13:20:00 +0000

The decision in regard to Tencent's lawsuit against Douyin for video infringement was announced. Douyin needs to delete, filter and intercept related video clips on the platform about the soap opera named "The Worm Valley", and compensate Tencent for more than 32.4 million yuan ($4.38 million).

Coca-Cola and Tencent Music’s TMELAND Create Metaverse Zone for Fans

Pandaily — Wed, 26 Oct 2022 07:34:00 +0000

TMELAND, the first virtual social music platform under Tencent Music Entertainment, opened a new metaverse zone for fans on October 24 during the Coca-Cola Fan Festival through WeChat mini programs in China.

Tencent Denies Rumors Concerning China Mobile Taking Stake

Pandaily — Mon, 24 Oct 2022 13:07:00 +0000

On October 24, news emerged that China Mobile, a multimedia service provider through its nationwide mobile telecommunications network, might take a stake in Chinese tech giant Tencent, which was subsequently denied by Tencent.

Ant’s Alipay Opens Money Transfers to Users of Tencent’s WeChat

Pandaily — Mon, 17 Oct 2022 05:07:00 +0000

Chinese smartphone users have recently discovered a new function within Alipay, Ant Group's payment platform, allowing them to transfer funds to contacts on Tencent's WeChat app. Many netizens said that the function is not as simple as it sounds, and evaluation has been mixed.

ByteDance Shuts Down Social Product Feiliao’s Official Website

Pandaily — Mon, 17 Oct 2022 03:59:00 +0000

The official website of ByteDance-owned online social platform Feiliao has recently been shut down and download channels have been closed, although any official suspension announcement has yet to be made.

Tencent’s WeChat Launches Palm Print Payment Mini-Program

Pandaily — Fri, 14 Oct 2022 03:25:00 +0000

Tencent's versatile social media platform WeChat has recently launched a new mini-program enabling palm print payment, giving users yet another way to settle transactions in addition to passwords, fingerprints and facial recognition.

Tencent Share Price Falls Below HK$250, A New Low

Pandaily — Wed, 12 Oct 2022 12:30:00 +0000

On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion.

Tencent’s Sogou Launches Community-Based Social Product for Trending Topics

Pandaily — Tue, 11 Oct 2022 09:33:00 +0000

Sogou, a Chinese tech firm acquired by Tencent last year, has launched a youthful community-based social product called "Miaogeng." On this platform, users can create texts and pictures around trending topics and buzzwords, deploying emojis to express their emotions.

Fintech Platform Airwallex Secures $100M in E2 Series Financing

Pandaily — Tue, 11 Oct 2022 07:58:00 +0000

Fintech platform Airwallex on October 11 announced that it has recently closed E2 Series financing, garnering $100 million. Its total funding amount increased to more than $900 million, with the same $5.5 billion valuation.

Parent Firm of DaaS Provider Bear Rental Cleared for Hong Kong IPO

Pandaily — Sat, 08 Oct 2022 04:46:00 +0000

Device as a service (DaaS) provider Bear Rental's parent company, LX Technology, passed a hearing for the Hong Kong Stock Exchange on October 7, with Haitong International Securities Group serving as the exclusive sponsor.

Web3 Is Set to Permeate Smartphone Industry

Huxiu — Wed, 05 Oct 2022 02:00:00 +0000

Huawei has at least three departments studying and exploring Web3, and the HarmonyOS team is one of them. Before Huawei, Samsung and HTC have already worked on Web3, successfully combining it with their own smartphone hardware.

Look Into ByteDance’s Gaming Unit Nuverse

Pandaily — Tue, 04 Oct 2022 02:00:00 +0000

ByteDance's product launches are highly data dependent, with test results determining which features go live and algorithms determining which videos users see. When it comes to games, however, there are many more than just these factors.

Developer of Mini-Game “Sheep a Sheep” Claims Infringement by GameFi Version

Pandaily — Wed, 28 Sep 2022 06:20:00 +0000

Following the release of a digital mini-game called "Sheep a Sheep," which has recently gone viral in China, a new GameFi version has quietly been launched. Its token price has experienced roller coaster-like fluctuations within a short period of time.

Matching Mini-game “Sheep A Sheep” Hits It off in China, Arouses Controversy

Pandaily — Mon, 26 Sep 2022 12:16:00 +0000

A new pass-through mini game named "Yang Le Ge Yang," translated as "Sheep A Sheep," has become a national online sensation on China's social media in recent days. However, it has aroused controversy over its profitability and game rules.

Tencent-Backed Mogo Auto Unveils Autonomous Mass Production Bus

Pandaily — Fri, 23 Sep 2022 10:52:17 +0000

Mogo Auto, a Chinese autonomous vehicle startup, released the world's first self-driving factory-installed mass production bus featuring a "vehicle-infrastructure-cloud integration" system.

China Top Five Buyers Expect to Increase Six Times More on Green Energy Consumption This Year

Pandaily — Tue, 20 Sep 2022 13:03:53 +0000

Chinese tech giants Alibaba is among the leading green energy buyers, ranking the second in the list for all Chinese companies, according to a ranking list of top buyers and sellers by research provider BloombergNEF last week.

Former Sony Interactive Entertainment Executive Joins Tencent Games as Adviser

Pandaily — Tue, 20 Sep 2022 08:32:00 +0000

Shawn Layden, the former CEO of Sony Interactive Entertainment's U.S. division and chairman of Worldwide Studios, announced on his LinkedIn account on September 20 that he has joined Tencent Games as a strategic advisor.

Tencent Music’s Digital Collection Platform Responds to Sales Suspension

Pandaily — Mon, 19 Sep 2022 15:44:00 +0000

The digital collection platform owned by Tencent Music Entertainment Group is currently in a state of near shutdown. The company said that the digital collection plate is still in the evaluation and planning stage, and subsequent moves will be unveiled in the future.

Tencent Invests in Overseas Education Startups After China’s Regulatory Tightening

Pandaily — Thu, 15 Sep 2022 09:17:00 +0000

Tencent has invested in education startups in Nigeria, Austria and other overseas markets this year after Chinese authorities introduced tight restrictions on tutoring services in the country.

Tencent Cloud and Singapore-Based Strange Universe to Develop Web3 Business Metaverse Platform

Pandaily — Thu, 15 Sep 2022 06:03:00 +0000

Tencent Cloud announced on September 13 its signing of a memorandum of understanding with Strange Universe Technology, a Singapore-based Web3 company, involving the creation of an immersive and integrated platform.

Tencent Music Gearing Up for Hong Kong IPO by Way of Introduction

Pandaily — Thu, 15 Sep 2022 03:15:00 +0000

Tencent Music Entertainment Group (TME) has reportedly obtained approval for a second public listing on the main board of the Hong Kong Stock Exchange (HKEx), issuing relevant documents on September 15.

NetEase and Tencent Finally Get Green Light to Publish New Games in China

Pandaily — Wed, 14 Sep 2022 05:06:46 +0000

On the evening of September 13, China's regulator announced a new batch of approval numbers authorizing the release of new online games in the country. The latest list finally includes titles developed by NetEase and Tencent.

Ant Group’s Digital Collection Platform Launches Custom Physical Object Function

Pandaily — Thu, 08 Sep 2022 09:56:00 +0000

On September 8, fintech giant Ant Group's digital collection platform Jingtan officially launched an "entity customization" function, allowing users to customize some digital collections into derivative objects.

TikTok and WeChat Deny User Records Leakage

Pandaily — Wed, 07 Sep 2022 13:25:00 +0000

A recent poster on a hacker forum claims to have obtained TikTok's and WeChat's databases on Alibaba's cloud service platform, which together contain over 2.05 billion user records. However, Tencent, WeChat's parent company, and TikTok denied any security breach.

टिकटॉक और वीचैट ने उपयोगकर्ता रिकॉर्ड लीक से इनकार किया

Pandaily — Wed, 07 Sep 2022 13:25:00 +0000

हाल ही में एक हैकर मंच पर पोस्टर ने दावा किया है कि उन्होंने कंपन और WeChat का एक डेटाबेस प्राप्त किया हैअलीबाबाक्लाउड सेवा प्लेटफ़ॉर्म में 2.05 बिलियन से अधिक उपयोगकर्ता रिकॉर्ड हैं। हालांकि,TencentWeChat मूल कंपनी और शेकर ने किसी भी सुरक्षा उल्लंघनों से इनकार किया है।