MTN Group has announced it will launch an instant messaging service akin to China’s WeChat and Facebook’s WhatsApp as it seeks to expand revenue from digital services and mobile money.
Browsing: WeChat
China is stepping up its efforts to rein in the country’s Internet, singling out Tencent’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps.
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.
Two hip, young start-ups are set to become the latest challenge to Tencent just as China’s dominant social media company struggles with shrinking margins and slowing growth.
Investors and analysts who think that all Tencent needs is for Beijing to restart the approval of new games may be missing the bigger picture.
Tencent slumped after the Chinese social media giant reported shockingly poor quarterly numbers, underscoring how tech superstars that led the market to new heights are showing signs of strain.
Tencent’s strategy for expanding WeChat Pay globally is pretty straightforward: follow the (tourism) money. It’s a smart strategy. But it’s also decidedly unambitious.
Naspers expects to report an increase in earnings for its most recent financial year, bolstered by Chinese Internet giant Tencent and various e-commerce businesses. Core headline earnings per share, which exclude
Tencent Holdings surged after delivering record profit that topped analyst estimates, calming investors who’d braced for a big hit to margins. The stock climbed as much as 7.1% in Hong Kong, its biggest