Meta To Sell Cheaper VR Headset In China: Report
The news comes amid weakening demand for VR hardware. Meta registered $34 billion in revenue in its third quarter, up 23 per cent from the same quarter last year.
Nov 11, 2023, 12:22 PM IST
Chinese conglomerate Tencent fires 5.5K workers 1st time since going public, here is why
China's largest video gaming and social media company trimmed nearly 5,500 employees from its payroll in the second quarter amid a slowing economy, reports South China Morning Post.
Alibaba and Tencent shares fall sharply after latest crackdown
Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday. One day before, China's SAMR published a list of 28 deals that violated anti-monopoly rules. It included five of Alibaba's transactions and 12 of Tencent's.
Jul 11, 2022, 13:51 PM IST
Chinese firm Tencent buys stake worth Rs 2060 crore in Flipkart from Binny Bansal
Tencent has bought stake worth about Rs 2,060 crore in Flipkart from its co-founder Binny Bansal through its European subsidiary.
Jun 12, 2022, 13:47 PM IST
PhonePe gets $50 mn from China’s Tencent, plans to use funds out of India: Report
PhonePe is raising USD 700 million in primary capital at a post-money valuation of USD 5.5 billion from existing Flipkart investors led by Walmart.
Aug 18, 2021, 20:49 PM IST
Chinese media calls online gaming 'spiritual opium' and Tencent was the victim
Tencent, China's biggest social media and video games company, tumbled more than 9% in early morning trade.
Aug 03, 2021, 08:22 AM IST
Setback for PUBG? Nizamabad MP urges IT Minister to examine data security issues of Battlegrounds Mobile India
As per the representation received by the MP it states that while Krafton, which is controlled by Chinese company Tencent, is relaunching PUBG in India and has stated that it will store the date for this game in Singapore and India.
Jun 05, 2021, 11:57 AM IST
PUBG Mobile update 7.3 comes with C4, new vehicle damage mechanics and much more
In exciting news for millions of PUBG players around the world, there’s a new PlayerUnknown’s Battlegrounds update - 7.3 - coming to the game which will bring a new throwable called the C4.
Jun 11, 2020, 20:21 PM IST
Alibaba, Baidu under fire for posting gender discriminatory job advertisements
These discriminatory hiring practices are linked to a shrinking proportion of women in the labor force.
Apr 26, 2018, 15:13 PM IST
Apple, Tencent reach understanding over WeChat tips
Tips are a popular way for Chinese social network users to compensate content creators and Apple wanted a 30 percent cut of that revenue.
Jan 17, 2018, 12:35 PM IST
China's Tencent overtakes Facebook in market value
The market movement made China's Tencent one of the world's top five most valuable companies, although it is still far short of leader Apple which is currently valued at $873 billion.
Nov 21, 2017, 13:58 PM IST
Apple teams up with China's WeChat to accept payments
Following an agreement between Apple and Chinese company Tencent, the US-based company will allow payments through WeChat, one of the most popular payment systems in China, for its App Store and Apple Music.
Aug 30, 2017, 15:14 PM IST
Hike messenger acquires startup firm Creo
Creo was founded in December 2013 by Sai Srinivas Kiran G and Shubham Malhotra. Both Srinivas and Malhotra were previously associated with Hike.
Aug 11, 2017, 16:32 PM IST
SoftBank Vision Fund invest at least $2.5 billion in Flipkart, becomes largest shareholder in the firm
The investment is part of the previously announced financing round, where Flipkart had raised capital from China`s internet company Tencent, eBay and global technology giant Microsoft.
Aug 10, 2017, 15:36 PM IST
Apple offers discounts to promote Apple Pay in China
The US-based Apple launched a campaign in China this week to promote its mobile payment platform and break the current duopoly of tech giants Tencent and Alibaba.
Jul 19, 2017, 18:40 PM IST
Angry Birds maker Rovio says IPO possible in future
Finnish mobile game and animation studio Rovio, maker of the Angry Birds game, said it could list on the stock exchange in the future, while declining comment on a media report that China`s Tencent Holdings was looking to acquire the company.
Jun 16, 2017, 14:30 PM IST
Alibaba, Tencent back Chinese cyber law after facing overseas criticism from overseas tech rivals
China`s Alibaba Group Holding Ltd and Tencent Holdings Ltd rallied behind Beijing`s recently-imposed cyber security law on Thursday, following criticism of it from overseas technology rivals.
Nov 17, 2016, 20:38 PM IST
Tesla fixes security in Model S after Chinese hack
A Chinese security team has hacked a Tesla Model S and revealed several vulnerabilities in the luxury electric car, US media reported.
Sep 21, 2016, 15:23 PM IST
China bank PSBC launches $8.1 bn IPO: reports
Postal Savings Bank of China (PSBC) launched an initial public offering in Hong Kong worth $8.1 billion on Tuesday, reports said, in what is expected to be the world`s biggest flotation this year.
Sep 13, 2016, 17:38 PM IST
