Tencent

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China’s Guangdong, once a major economic driver, lags national growth average

Authorities in coastal regions, traditionally the most reliable centres for growth as industrial and trade hubs, have taken steps to…

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Tech

China’s market regulator flexes muscles, signalling Wild West era of unchecked Big Tech growth is over

The cases involve Alibaba’s past equity investments in major Chinese mall operator Intime, China Literature’s acquisition of film studio New…

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Tech

US shelves bid to blacklist China’s Ant Group after phone call by Alibaba president, sources say

But the Commerce Department, which oversees the blacklist, shelved the proposal after Alibaba president Michael Evans urged Commerce Secretary Wilbur…

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Tech

Shenzhen tech giants deepen rift as Huawei app store list snubs Tencent’s video games

Multiple video game titles from Tencent Holdings have disappeared from the top lists of the app store of smartphone maker…

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New Business Jobs

Hong Kong stocks slide after China’s third plenum underwhelms, geopolitical angst weighs

Hong Kong stocks tumbled on Friday after investors were underwhelmed by China’s third plenum announcement, with eyes now on further…

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Tech

Alibaba antitrust investigation: what is the ‘picking one from the two’ practice that triggered an official probe?

Chinese regulators have long warned about the practice, although until the State Administration for Market Regulation (SAMR) announced its probe…

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Tech

Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion

Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5…

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Tech

Tencent-backed app Kuaishou looks for more ways to monetise millions of users, trim losses after Hong Kong IPO gets go-head

Tencent-backed video-sharing app Kuaishou Technology said it was looking to expand its monetisation model and reverse losses, having won approval…

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Tech

Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price…

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