Tencent Financial News
23.02 / 05:21
20.02 / 14:23
17.02 / 15:33
Facebook
Manufacturing
Action
Chase
Tencent
Adventure
Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?
The dawn of 2023 has seen crypto assets break free of suppresive year-long price action. But with many in tech betting big on the Metaverse at the start of 2022, things are getting ugly.
02.11 / 16:37
Platform
Citigroup
Tencent
Barclays, Deutsche Bank and Citigroup take currency losses as client’s merger falls through
Barclays, Deutsche Bank and Citigroup lost money on currency hedging products they sold to a client for an acquisition that fell through, the latest example of the damage spread during the worst stretch for deal making in years.
12.09 / 07:33
16.08 / 21:47
markets
Tencent
Bitcoin
Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees
Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders to predict a move back toward the yearly low in the $18,000 range.
21.07 / 13:23
Tencent
Asia
TRON
Tron’s Justin Sun Eyes ‘Acquisition’ Move for Tencent’s NFT Division
The Tron (TRX) founder Justin Sun says that TronDAO, a decentralized autonomous organization (DAO) that governs the Tron network’s development, wants to “acquire” a non-fungible token (NFT) arm of the Chinese tech powerhouse Tencent.
14.07 / 13:53
regulation
Tencent
Beijing
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese government.
08.07 / 04:57
FIVE
ETF
Tencent
BlackRock
ETFs come to China with a vengeance
BEIJING — China has joined the global craze over exchange-traded funds, the investment product that lets traders buy and sell a basket of stocks.
27.06 / 13:23
22.06 / 02:11
UPS
Digital
Tencent
China's digital yuan wallet downloaded by 261m individuals
Although still in pilot phase, take-up has accelerated in recent months, Zou Lan, head of financial markets at the People’s Bank of China said at a recent press event, according to local reports.The wallet is now starting to catch up with China's dominant commercial payment apps from Ant Group and Tencent, which together account for around 94% of the digital payments marketplace. According to Morning Consult, these apps are not only ubiquitous, they are also well-liked, with 83% of Chinese adults having at least a somewhat favourable opinion of them.
17.06 / 14:37
Tencent
NFT platforms in China grow 5X in four months despite government warnings
The popularity of nonfungible tokens is on the rise as recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022, when the total number of NFT platforms was just over 100.
27.05 / 12:01
Platform
Tencent
Baidu
JD.com
Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record
BEIJING — Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll.
17.05 / 00:35
17.04 / 12:11
cryptocurrency
Digital
CryptoExplainer
Tencent
Financial
NFTs Lead To Financial Risks, Warned China
China warns of NFT-related financial risks
16.04 / 03:11
Adoption
Tencent
WeChat
New Tencent Digital Yuan Wallet Preparing to Launch
First images have emerged of specialized digital yuan wallets provided by the Tencent-run e-pay platform WeChat Pay.
14.04 / 12:49
Digital
Apple
Tencent
Winter Olympics
Tencent commences test programme for digital yuan wallet
To qualify, consumers need to to activate the wallet function of WeBank, Tencent’s digital banking arm, in the central bank's e-CNY app, which arrived in Android and Apple app stores in January.WeChat and Ant Group's Alipay currently control a combined 94% of China’s online payment market.The People's Bank of China rolled out digital yuan pilots in eleven additional cities last month after showcasing the currency internationally at the Winter Olympics.
01.04 / 08:43
Waves
Manufacturing
Tencent
businesses
Here's how China's latest Covid lockdowns have affected American businesses in the country
BEIJING — China's worst Covid wave since the initial shock of the pandemic has cut into annual revenue projections for roughly half of American businesses in the country, a survey showed Friday.
23.03 / 16:01
22.03 / 13:39
Tencent
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure.
21.03 / 12:23
regulation
Tencent
Chinese internet giants remove NFT platforms fearing gov't crackdown
China's leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown.
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