Allen Zhang stepped on stage to wrap up a long day of presentations at a Tencent Holdings conference. Four hours later, the WeChat founder had methodically torn apart his own brainchild before mapping out the next act for China’s premier super-app.
The Chinese Internet giant seems set on building out the long tail, maximising value beyond mainstream usage of its core products.
TikTok has become one of the most downloaded mobile apps for Apple and Android devices, unseating the likes of YouTube, Instagram and Snapchat.
Apple won’t be placing a giant booth at the big CES tech trade show starting on Sunday in Las Vegas, but its recent sales warning – and the country it blamed for the shortfall – will undoubtedly be the talk of the show.
China has approved 80 new videogame titles in the first batch of licences granted by the media regulator after the end of a nine-month freeze.
Shares in Tencent jumped in Hong Kong on Friday morning amid reports that China had reopened the door for new game titles. Traders should curb their enthusiasm.
Shares in Tencent jumped as much as 4.2% after Chinese media reported that regulators have resumed approving games, signalling a potential end to a hiatus that’s chilled the world’s biggest gaming industry.
Just days after announcing it will lead a $540-million funding round in Indian online education start-up BYJU’s, Naspers said on Thursday that it will invest $660-million in Swiggy, India’s largest food delivery platform.
China is taking its rivalry with the US to the heavens, spending at least $9-billion to build a celestial navigation system and cut its dependence on the American-owned GPS.
China’s Internet sector wrapped up the third quarter earnings season with its slowest growth on record.