Tencent Financial News

03.08 / 17:21

Platform Mobile Tencent ByteDance social Time China proposes to limit children's smartphone time to a maximum of 2 hours a day

China’s internet watchdog has laid out regulations to curb the amount of time children spend on their smartphones, in the latest blow to firms such as Tencent and ByteDance, which run social media platforms and online games

20.11 / 20:13

business Microsoft Tencent NVIDIA IBM OpenAI Microsoft and Nvidia stocks reach all-time highs amid OpenAI CEO shuffle

Microsoft (MSFT) stocks hit an all-time high of $378.81 on Nov. 20 on the back of a tumultuous weekend for the AI sector involving the ousting of OpenAI CEO and co-founder Sam Altman. Not to be outdone, Nvidia (NVDA) stocks also reached an all-time high of $499.60, continuing a trend that’s seen its shares rise from a one-year low of $138.84.

15.11 / 15:07

business Blockchain Adoption Microsoft Developers Tencent Decentralization Microsoft, Tencent and other tech giants join Decentralized Infura Network

Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector.

26.10 / 05:48

UPS Provident Digital Mobile Tencent country With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023

From the U.S. to China, countries around the world are battling it out to lead on financial technology, a heavily lucrative industry that has grown over the years taking everything from retail banking to wealth management online.

16.10 / 06:49

CBDC Digital CEO Tencent stage reports Ruble Russian Business Titan Sber to Join Digital Ruble Pilot

Russia’s Sber, the operator of Sberbank, says it will join the Central Bank’s digital ruble pilot, in a major coup for the nation’s CBDC.

13.10 / 02:01

Provident Digital Enterprise Tencent services Chinese IT Giant Tencent Launches Digital Yuan Smart Contract Services

The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs).

04.10 / 16:39

Provident Tencent Samsung MSCI track electronic stake FIIs cut stake in HDFC Bank

MUMBAI : Foreign institutional investors (FIIs) have reduced their shareholding in the HDFC Bank to 58.75% as of 30 September-end against 60.23% as of 14 June prior to the effective date of HDFC’s merger into it on 1 July. This has increased the foreign room to 20.3% from 18.4% from 14 June, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research. Foreign room is a measure used by global index provider MSCI to determine the proportion of shares still available for investment by foreign investors relative to the maximum limit.

03.10 / 23:31

Lowe's Target Tencent country 2020 reports The Glassdoor post that spelt out Airwallex grief

The internal dissent within Airwallex was so intense that senior executives at the global payments giant had to acknowledge the issues in an all-staff meeting at its Melbourne office following an anonymous review that called it “the first company to make me believe suicide is the best course of action”.

03.10 / 09:23

Provident Mobile Apple Tencent Huawei show Apple enforces new check on apps in China as Beijing tightens oversight

By Josh Ye

02.10 / 01:39

Blockchain CEO Remark Tencent social information Naspers and Prosus Undergo Key Leadership Transition

Global consumer internet group Prosus (AEX and JSE Share Code: PRX) and its majority owner, Naspers Limited (JSE: NPN), have announced a significant change in their executive leadership. Bob van Dijk, who has been at the forefront as the CEO and Board member of both entities for a decade, is set to step down from his roles. Ervin Tu, currently serving as the Group Chief Investment Officer, will take on the mantle as the Interim CEO.

28.09 / 01:49

Digital Platform Align Tencent Chinese Tech Giant Tencent Joins CBDC Interoperability Pilot

China’s Tencent, the operator of the WeChat and WeChat Pay platforms, will join central bank-led digital yuan and CBDC interoperability pilots.

26.09 / 08:23

IPO Digital economy Tencent WhatsApp reports China's tech giants take center stage at Asian games after prolonged crackdown: Report

Alibaba, a prominent Chinese tech company, had been subject to control by the ruling Communist Party. However, the Asian Games taking place in Alibaba's hometown are presenting a valuable opportunity.

20.09 / 19:39

BLOCK CEO Platform Tencent reports recommendations Ex-UpGrad chief Arjun Mohan to be Byju’s next India CEO

MUMBAI : Byju’s has named Arjun Mohan as the chief executive officer (CEO) of its India operations, succeeding Mrinal Mohit, a founding employee of the Bengaluru-based edtech startup. Mohan assumes the role at a time when the embattled online tutor is trying to monetize non-core assets to repay loans. The group has put two of its businesses—reading platform Epic and higher education platform Great Learning—on the block to pay off a $1.2 billion loan raised in November 2021.

19.09 / 12:51

Blockchain Airlines Strategy Tencent Forbes exclusive Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

18.09 / 10:11

Digital CEO Remark Tencent stake Naspers chairman Koos Bekker says company has no plans to sell Tencent stake

Naspers chairman Koos Bekker on Monday said that the company has no plans to dispose of its large stake in China's Tencent, held by Nasper's Prosus subsidiary. The 26% stake in Tencent, valued at around $100 billion, forms the bulk of the value of both companies. Naspers and Prosus have been gradually selling shares to repurchase their own shares, which trade at a discount to the value of the Tencent stake.

13.09 / 21:11

regulation Tencent ChatGPT OpenAI Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China

Alibaba announced that its proprietary large language model, an artificial intelligence system called Tongyi Qianwen, will be available for public and enterprise access throughout China starting Sept. 13.

12.09 / 04:16

Waters Tencent Baidu Nikkei show Asian stocks Asian stocks tread water with interest rates, inflation in focus

Investing.com-- Most Asian stocks were flat on Tuesday as markets remained broadly risk-off ahead of key U.S. inflation data this week, while hawkish signals from the Bank of Japan also saw markets consider an end to negative interest rates in Asia’s second-largest economy.

09.09 / 06:07

UPS Reuters Digital Tencent SoftBank regulatory China's Didi Q2 revenue grows as regulatory curbs ease

China's Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8 billion yuan ($6.65 billion, as the ride-hailing firm emerged from a regulatory crackdown and demand rebounded with the end of strict COVID-19 restrictions. Didi posted a net loss of 300 million yuan, the company said in a statement on Saturday.

07.09 / 19:03

business Microsoft Tencent WeChat OpenAI Tencent unveils ChatGPT rival in China amid continuing US AI chip ban

Chinese technology corporation Tencent unveiled its “Hunyuan” artificial intelligence (AI) system, a multimodal large language model (LLM) similar to OpenAI’s ChatGPT, at the Global Digital Ecosystem Summit in Shenzhen on Sept. 7.

07.09 / 07:51

Reuters Platform Tencent Baidu performer Tencent unveils Hunyuan: China's AI giant debuts powerful language model

Tencent revealed that Hunyuan has now become the core technology underpinning over 50 of its various products and services. "By July, there are more than 130 large language models in China.

07.09 / 02:09

UPS CEO Tencent Baidu social businesses Tencent releases AI model for businesses as competition in China heats up

Chinese tech giant Tencent is launching its artificial intelligence model «Hunyuan» for business use at an annual summit on Thursday, Dowson Tong, CEO of the cloud and smart industries group at Tencent, told CNBC in an exclusive interview ahead of the event.

06.09 / 12:55

UPS Citi Provident Tencent country services Futures inch lower, U.S. services data looms - what's moving markets

Investing.com -- U.S. stock futures decline as investors gauge the outlook for Federal Reserve monetary policy and digest extended supply cuts by major oil producers Saudi Arabia and Russia. Elsewhere, new data later in the session on Wednesday will provide a look into the state of the key U.S. services sector, while China's Tencent prepares to unveil a new AI chatbot.

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