Tencent Holdings
Kenya plans to double the digital service tax (DST) to 3% beginning July this year, as the government taps the growing online economy to increase its domestic revenues and narrow…
Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy
Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan Fung Group.…
After decades of global expansion and consolidation in the tech sector, antitrust is now a headline issue for the industry across the world. What has been a slow and sputtering…
Florida is renowned for its strange news stories. In recent weeks alone, one resident reported an alligator in her garage that turned out to be a pool floatie; another discovered…
Tencent leads $100M Series B funding round into China-based esport provider VSPN
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes…
TikTok’s fight with the Trump administration doesn’t yet appear to be over, regardless of what the deal that was signed between its parent company ByteDance and Oracle says. Earlier today,…
A few days ago, the U.S. Commerce Department published a series of rules that aimed to block the downloading of TikTok and WeChat by American users, following an executive order…
In the WeChat, TikTok US shutdown order, TikTok gets Nov. 12 stay, keeping it up through the US election and Oracle dealmaking
The U.S. Commerce Department has now announced the details of how it will enforce the shutdown of TikTok and WeChat in the country, after announcing in August plans to do so…
Featured Article
Inside Udaan’s push to digitize India’s B2B retail market
During a recent visit, Microsoft chief executive Satya Nadella reiterated his company’s commitment to India and revealed a new fund to help SaaS startups in the country. And then Nadella and Anant Maheshwari, president of Microsoft India, discussed the success story of B2B platform Udaan in three separate onstage public…
When it launched out of stealth just three years ago, Barefoot Networks was hailed as a company that would transform the way a generation of computing giants like Facebook, Alphabet,…
We are very pleased to announce that the new and improved Crunchbase Unicorn Leaderboard re-launched today after nearly a year’s absence from TechCrunch. Venture investors did a lot of handwringing in…
Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine. Most venture-backed startups can take a decade to reach the public markets. Luckin…
They may be free, but they sure pay. Games with no upfront cost but a plethora of other ways to make money generated a mind-blowing $88 billion in 2018 according…
Chinese internet giant Tencent has been excluded from the first batch of video game license approvals issued by the state-run government since March. China regulators approved Saturday the released of 80…
Tencent Music Entertainment’s initial public offering is back in motion, two months after the company reportedly postponed it amid a global sell-off. In a regulatory filing today, the company, China’s…
Featured Article
China is funding the future of American biotech
Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shanghai are now increasingly leading the largest deals for US life science and biotech companies. In fact, Chinese venture…
Tencent to tighten age verification checks for gamers amid government crackdown
Chinese Internet giant Tencent has announced it’s bringing in a new system of age checks to its video games which will be linked to a national public security database —…
Google has been increasing its presence in China in recent times, and today it has continued that push by agreeing to a strategic partnership with e-commerce firm JD.com, which will…
While crowdfunding company Indiegogo has been running a pilot program in China for the past couple of years, it’s now building on those efforts with the launch of the Indiegogo China…
Google has continued its slow and steady China strategy after it launched Files Go, a files management service for Android devices. The app launched to global markets last year but…
Chinese authorities dish out $5M in fines for developers of PUBG hack software
There has long been speculation and evidence of cheating software for PlayerUnknown’s Battlegrounds (PUBG), but action is being taken to stamp it out. The makers of the smash-hit game have confirmed that…
India-focused mobile messaging service Hike landed funding from Tencent last year, and today it took a major step to emulating the Chinese firm’s WeChat app with the introduction of mobile…
Ron Conway, Tencent and Paul Graham aren’t getting their money back, and that’s the point. They’re part of today’s $3.5 million round that’s actually a donation to fund the operations…
Imagine a young startup where two of three founders are pushed out the door. Imagine that this same startup parts ways with its COO, its SVP of Finance, its VP…
Mobile messaging company Kik recently landed investment from Tencent at a billion dollar valuation, and now it is borrowing a hallmark of the Chinese company’s blockbuster WeChat app: QR codes.
A fleeting affair between two of China’s biggest tech successes has ended acrimoniously after e-commerce giant Alibaba banned sellers from using Tencent’s popular messaging app, WeChat.
Tencent, China’s largest Internet company by revenue, announced today that it has hired Peter Cheng, the former chief operating officer of AdChina, as the general manager of Tencent’s online media…
