December 1, 2020 No Comments alibaba, alibaba group, Asia, China, e-commerce, eCommerce, Food, funding, Grocery store, group buying, Meituan-Dianping, online grocery, pinduoduo, TC, Tencent, WeChat
China’s tech firms rush to deliver solutions for grocery shopping Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date. People […]
November 23, 2020 No Comments Asia, China, games, Gaming, Roblox, TC, Tencent
The promise and challenge of Roblox’s future in China In a much-anticipated move, California-based gaming firm Roblox filed to go public last week. One aspect driving the future growth of the children- and community-focused gaming platform is its China entry, which it fleshes out in detail for the first time in its […]
November 10, 2020 No Comments alibaba, Ant Financial, ant group, Asia, China, Finance, Fundings & Exits, initial public offering, TC, Tencent, WeChat
The race to be China’s top fintech platform: Ant vs Tencent As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not […]
November 3, 2020 No Comments alibaba, ant group, Finance, Fundings & Exits, Startups, Tencent
Pulled Ant Group IPO costs Alibaba nearly B in market cap News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news […]
November 2, 2020 No Comments Asia, China, Gaming, honor of kings, league of legends, pubg, Riot Games, TC, Tencent
Tencent claims record 100M daily users on mobile game Honor of Kings At its five-year anniversary gala graced by celebrities, esports stars and orchestras, Tencent’s mobile game Honor of Kings said it has crossed 100 million daily active users. The title has not only broken user records but generated other unprecedented accomplishments […]
October 28, 2020 No Comments Fab, howard morgan, jason goldberg, moxie, Recent Funding, Startups, TC, Tencent, Venture Capital
Fab founder Jason Goldberg is back with Moxie, a new live-streaming fitness marketplace Amid a pandemic that has closed down fitness centers worldwide, a spate of companies has muscled their way into the booming at-home fitness market. In just the last two weeks, three-year Future, which promises at-home customers access to elite […]
October 26, 2020 No Comments Asia, Beijing, ceo, China, coo, douyu, ESL, esports, Europe, fifa, games publisher, huya, RSS, Seoul, shanghai, south korea, Susquehanna International Group, TC, Tencent, Tencent Holdings, video games, video gaming
Tencent leads 0M Series B funding round into China-based esport provider VSPN Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised what it describes as ‘close to’ $100 million in a Series B funding […]
September 25, 2020 No Comments alibaba group, altara ventures, Asia, b capital, China, dave ng, Eduardo Saverin, Eight Roads Ventures, Fidelity International, funding, Lazada, Lazada Group, Southeast Asia, TC, Tencent
This new Southeast Asian fund has its eye on Chinese cross-border firms As U.S.-China relations remain tense, Southeast Asia becomes the darling for investors and tech companies from both sides as they seek overseas expansion. Behemoths like Google, Facebook, Alibaba, Tencent and ByteDance have elbowed into the region. Some set up shop, […]
September 19, 2020 No Comments Brad Parscale, bytedance, campaign manager, China, Companies, Donald Trump, huawei, Los Angeles, mobile applications, North Carolina, oracle, president, social media app, Software, TC, technology, telecommunications, Tencent, Texas, tiktok, Trump administration, U.S. government, United States, White House
President Trump reportedly has approved the Oracle deal for TikTok’s US operations President Donald Trump said has has given his stamp of approval “in concept” on the Oracle bid for the U.S. operations of the wildly popular social media app, TikTok, according to a report from Bloomberg. According to the Bloomberg report […]
September 18, 2020 No Comments epic games, fortnite, Riot Games, TC, Tencent, tiktok
Gaming companies are reportedly the next targets in the US government’s potentially broader Tencent purge Some of the biggest names in online gaming in the United States have received letters from the U.S. government requesting information about their relationship with the multibillion-dollar Chinese technology company, Tencent, according to reports. Even as the […]
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