TENCENT

After hitting record high in 2020, PE deals to hit $84 billion by 2025

Majority of the deal activity in 2020 was driven by seed funding and venture capital investment, while private equity deal volume fared poo...

PayPal becomes first foreign firm in China with full ownership of payments business

PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government ...

Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu -sources

The decision to shelve plans to add the Chinese tech giants is a blow to China hawks in the administration, who have been seeking to cement...

Baidu plans smart EV company, to make cars at Geely plant: Sources

China's Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturi...

US considering adding Alibaba, Tencent to China investment ban: Sources

Targeting Asia's two most valuable companies would be U.S. President Donald Trump's most dramatic step yet in a recent raft of measures unl...

Alibaba, Tencent shares drop as US weighs investment ban

Alibaba fell more than 5 per cent and Tencent dropped as much as 4.4 per cent in Hong Kong trading on Thursday, tracking losses in their Ne...

US considering adding Alibaba, Tencent to China stock ban, say sources

The news was first reported by the Wall Street Journal, which said the plan was still under deliberation and may not go through as agencies...

China fines Alibaba, Tencent for failing to report past deals to anti-trust regulators

The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were invol...

Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns: Sources

But the discussions have stalled with little hope of recommencing soon as they balk at a valuation of around $20 billion demanded by Baidu ...

Investors steer clear of young startups with Chinese capital

Startups, with high exposure to Chinese capital, are looking at ways to reduce it as exposure becomes a deal-breaker for many new and exist...

For SoftBank’s Masayoshi Son, the better TikTok deal is in India

Son might be just the man to bring TikTok back. He’s already one of India’s greatest foreign backers, having poured money into local startu...

Sequoia top backer of Indian unicorns with eight bets, China's Tencent 11th with 3 investments: Report

Fantasy gaming company Dream11 - which recently won the title sponsor rights for the IPL cricket league after a Chinese handset maker had t...

TikTok's US chief says video site will stay despite Trump ban

Before Trump called for ByteDance to divest its TikTok ownership in the US, the president ordered Americans to stop doing business with the...

Chinese AI giant blacklisted by Trump thrives in virus era

The Hong Kong-based startup’s revenue surged 147% to 5 billion yuan ($720 million) in 2019 and its customer base increased by about 500 to ...

After Jio, Google sets sights on stake in Policybazaar, might spend $150 million for 10%

Alphabet Inc-owned Google announced its India investment plan last month. Chief executive officer Sundar Pichai told ET that the company wa...

TikTok tug-of-war ensnares app’s affable billionaire founder

The reclusive founder has expressed his frustration with U.S. authorities to ByteDance employees. In an all-hands memo recently, Zhang said...

Jack Ma is telling China’s startup founders it’s time to go public

Ant will be the largest of that cohort, a potentially $200 billion-plus first-timer that’s likely to dwarf all peers apart from major backe...