Shares of China’s Tencent fell as much as 2.5% after Prosus and Naspers said they would gradually sell shares in the firm.
Browsing: Tencent
Prosus and Naspers plan to sell down the massive 28.9% stake Prosus holds in Chinese Internet giant Tencent.
Tencent has formed an “extended reality” unit, sources said, formally placing its bets on the metaverse concept of virtual worlds.
China’s Tencent will release its flagship mobile game Honour of Kings globally by the end of the year as it pivots to the international gaming market.
Tom Cruise isn’t simply taking on what appears to be Russian-made fighter jets in his remake of the 1986 classic Top Gun: he’s also angering China.
Tencent CEO Pony Ma shared a viral opinion piece slamming China’s weakening economy under stringent Covid Zero measures.
Chinese tech stocks tumbled as weak corporate earnings coupled with a dimming global growth outlook intensified selling.
Tencent’s revenue missed estimates after a sweeping government crackdown and Chinese economic malaise wiped out growth at the Internet behemoth.
Chinese gaming and social media giant Tencent Holdings reported flat growth in first quarter revenue, its worst-ever such performance.
Tencent will shut down its game streaming service, more than a year after Beijing blocked its effort to create China’s equivalent of Amazon.com’s Twitch.