Amazon cancels Lord of the Rings game announced in 2019
The game had been in development at Amazon Game Studios alongside China-based Leyou Technologies Holdings, which was acquired by Chinese tech giant Tencent Holdings in December. The resulting contract negotiations led to a dispute between Amazon and Tencent that eventually caused the game's cancellation, Bloomberg reported earlier on Saturday, citing people familiar with the matter.
Apr 18, 2021, 10:49 AM IST
Tencent to bring world's hottest video game to China, promises socialist values
The PUBG game where players fight for survival on a deserted island is currently the world`s top-selling videogame, having shipped more than 20 million copies since its launch in March.
Nov 22, 2017, 17:28 PM IST
Ola raises $1.1 bn, in talks for another $1 bn funding
Existing investor SoftBank, in addition to other new US-based financial investors, has also participated in this round, Ola said in a statement.
Oct 11, 2017, 11:47 AM IST
Ola gets $2 billion funding from SoftBank, Tencent and others
Ola and SoftBank declined to comment on the matter while Tencent was not immediately available.
Oct 03, 2017, 13:43 PM IST
China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank
The latest Ofo investment plan has not been finalised, the sources said, who declined to be identified as the discussions are private.
Jul 28, 2017, 12:49 PM IST
Samsung, Tencent surge in race to become Asia's most valuable firm
Tencent Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia`s most valuable company as expectations for robust earnings growth push their share prices to record highs.
Aug 24, 2016, 11:34 AM IST
Alibaba affiliate launches Internet bank for SMEs, "little guys"
Alibaba Group Holding Ltd`s financial affiliate launched on Thursday Internet bank MYbank, targeting the small- and medium-sized Chinese enterprises that have struggled to obtain credit from major financial institutions.
Jun 25, 2015, 16:16 PM IST
Xiaomi enters money market fray with Huoqi Bao service
Chinese smartphone maker Xiaomi Inc waded into China`s red hot online finance arena on Monday with a new money market fund to compete against the likes of tech rivals Alibaba Group Holding and Tencent Holdings.
May 12, 2015, 21:47 PM IST
WeChat helps Apple rack up bonus points in China
The app has proved a winning formula in getting people in China, a market notorious for not paying for software, to connect their bank accounts with their phones and pay for virtual goods like extra lives and power-ups in mobile games.
Sep 08, 2014, 11:52 AM IST
