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.
Browsing: Tencent
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.
Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the slowest pace since it went public in 2004.
Share buybacks are emerging as the hottest trend among Chinese tech giants and industry leader Tencent Holdings may be the next to jump on the bandwagon.
Chinese authorities are considering requiring Tencent to include WeChat Pay in a newly created financial holding company.
Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds, sources said.