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After MiPay, this UPI payment app set to enter Indian market
Fri, Mar 22, 2019
Chinese multinational Tencent-owned WeChat is soon launching a UPI application for payments.
Tencent, Kakao among shortlisted bidders for S.Korean gaming firm Nexon: Korea Economic Daily
Mon, Mar 04, 2019
South Korean publisher Netmarble Corp was not offered to join the preliminary bidding, but formed a consortium with MBK Partners to bid for Nexon, according to the report which cited investment banking sources.
Tencent loses $20 billion in value after China fights myopia with gaming curbs
Fri, Aug 31, 2018
The curbs are the latest challenge for Tencent, China`s largest gaming and social media firm, which earlier this month blamed a freeze on new game approvals for the technology giant`s first quarterly profit fall in nearly 13 years.
This amazing thing happened to WeChat app; here is where big boost came from
Tue, Mar 06, 2018
The all-in-one app, known as Weixin in China, is a daily necessity for most Chinese, bringing together messaging, social media, mobile payment, games, news and other services
Google opens AI centre in China as competition heats up
Wed, Dec 13, 2017
Artificial intelligence, especially machine learning, has been an area of intense focus for American tech stalwarts Google, Microsoft and Facebook, and their Chinese competitors Alibaba, Tencent and Baidu as they bid to master what many consider is the future of computing.
Global Markets: Tech tremors spread to financials to spoil global rally
Wed, Dec 06, 2017
Investors concerned about high valuations took the top off the tech sector, where stocks such as Facebook, Alphabet, Tencent and Alibaba have reached prices some describe as "eye-watering".
Ola Cabs may receive $2 billion in fresh round of funding from SoftBank, Tencent
Tue, Oct 03, 2017
Once this round of funding goes through it is expected to help Ola go up against global giant Uber.
Tencent to take about 5% stake in investment bank CICC for $367 million
Thu, Sep 21, 2017
Tencent Mobility, a unit of Chinese internet company Tencent, will subscribe for 207.5 million new Hong Kong-listed shares of CICC at a price of HK$13.80 per share, representing an 11% discount to the stock`s Wednesday closing price.
Flipkart now valued at $11.6 billion after Softbank's $2.4 billion
Thu, Aug 10, 2017
SoftBank Vision Fund is now the largest shareholder in Flipkart after its latest round of funding.
Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up
Sun, May 07, 2017
Japan's SoftBank is seeking to secure a piece of India`s industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector, cited the sources with direct knowledge of the matter.
To compete with Uber, Ola raises over Rs 1,600 crore in fresh funding from SoftBank
Fri, Apr 14, 2017
Ola has raised about Rs 1,675 crore in a fresh funding round from Japan's SoftBank in order to compete with its rival taxi aggregator Uber in India.
Online healthcare platform Practo raises $55 million in fresh funding
Tue, Jan 17, 2017
Indian online healthcare platform Practo said on Tuesday it had raised $55 million (nearly Rs 365.90 crore) from new and existing investors in a fresh round of funding led by China`s Tencent Holdings.
MakeMyTrip expands in fast-growing market with ibibo buy
Wed, Oct 19, 2016
India`s oldest travel website operator MakeMyTrip Ltd said it would buy rival ibibo Group to create the biggest player in the fast-growing flight, hotel and bus bookings market in the country.
Kavin Mittal's Hike Messenger raises $175 million; now a 'unicorn'
Tue, Aug 16, 2016
Martin Lau, President of Tencent on investment said, “With our investment, Hike will be able to leverage our deep domain expertise in the messaging platform space to provide more value to its users in India.”
Jack Ma, others agree $4.4 billion deal for Caesars online games
Sun, Jul 31, 2016
Giant is one of China`s biggest gaming companies, with nearly 50 million monthly active users and several top-grossing mobile titles. It was taken private in 2014 for $3 billion by a group of buyers that included company Chairman Yuzhu Shi and private equity firm Baring Private Equity Asia Ltd. It is now valued at more than $12 billion.