DeepSeek could be valued at up to $50 billion in first fundraising: SourcesChinese AI firm DeepSeek is seeking a massive valuation of up to fifty billion dollars in its first funding drive. The company aims to rais...
06 May, 2026, 08.52 PM IST
China’s Meta backlash renders Manus model ‘officially dead’Beijing's order for Meta to unwind its $2 billion takeover of AI startup Manus signals a new era of regulatory scrutiny for China's tech in...
29 Apr, 2026, 11.05 AM IST
Chinese billionaire overhauls AI startup after warning on ManusFollowing Meta's Manus acquisition fallout, MiroMind founder Chen Tianqiao is implementing strict firewalls between his Chinese and US busi...
28 Apr, 2026, 05.31 PM IST
Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation: ReportChinese tech giants Tencent and Alibaba are reportedly in talks to invest in AI startup DeepSeek. The company is aiming for a valuation exc...
22 Apr, 2026, 06.09 PM IST
Chinese AI startup StepFun to unwind offshore structure to pave way for IPOShanghai-based StepFun, which develops general-purpose foundation models, has decided an onshore corporate structure would be more appropri...
13 Apr, 2026, 01.19 PM IST
Bill Ackman's Pershing Square proposes $64 billion merger deal with Universal Music GroupBill Ackman's Pershing Square proposed a deal on Tuesday to merge Universal Music Group with its investment fund under a plan to revive the...
07 Apr, 2026, 07.48 PM IST
Bill Ackman's Pershing Square proposes $64 billion merger deal with Universal Music GroupBill Ackman's Pershing Square has proposed a deal to merge Universal Music Group with its investment fund. The plan aims to revive the musi...
07 Apr, 2026, 05.01 PM IST
China tech giant Tencent logs 16% jump in annual net profitChinese internet giant Tencent on Wednesday reported a 16 percent jump in full-year net profit, with gaming still its main business driver ...
18 Mar, 2026, 03.10 PM IST
Tencent shares slump as Prosus seen to step up sellingThe internet company’s shares dropped 5.2% to HK$357.2 in Hong Kong, the most since late January, after news that Prosus planned to deposit...
13 Apr, 2023, 04.09 PM IST
Tencent denies report it will sell down Didi, Meituan stakesTencent Chief Strategy Officer James Mitchell said last month that a Reuters report it intends to sell all or much of its stake in food del...
20 Sep, 2022, 05.13 PM IST
China's Tencent raises stake in 'Assassin's Creed' maker UbisoftInterest in the maker of the "Assassin's Creed" and "Tom Clancy's" franchises comes as the world's largest games firm by revenue counters s...
07 Sep, 2022, 10.53 AM IST
Tencent seeks to raise stake in 'Assassin's Creed' maker Ubisoft, sources sayChina's largest social network and gaming firm, which bought a 5% stake in Ubisoft in 2018, has reached out to the French firm's founding G...
04 Aug, 2022, 04.26 PM IST
JD.com to issue shares worth $220 million to Tencent for WeChat accessThe deal follows Tencent's sale of a $16.4 billion stake in JD.com to Walmart Inc last year and extends an existing partnership with the We...
29 Jun, 2022, 06.03 PM IST
Naspers, Prosus to sell Tencent shares to fund buybacksThe programme would be funded by on-market sales of Tencent's shares held by the two companies, Tencent said.
27 Jun, 2022, 11.15 AM IST
Tencent to give $16.4 billion JD.com stake to shareholders as dividendTencent will distribute $16.37 billion worth of its JD.com stake to shareholders, slashing its holding in China's second-biggest e-commerce...
23 Dec, 2021, 10.19 AM IST
Prosus plans to raise stake in parent Naspers to 50% in share swap dealThe Prosus-Naspers share swap deal will move part of their shareholding in China's Tencent Holdings to Amsterdam in The Netherlands from Jo...
12 May, 2021, 05.20 PM IST
A company's 60,000% runup leads to one of the biggest VC payoffs everThe stake Naspers bought for just $32 million in 2001, when Tencent was an obscure Web firm in a nation where few people used the Internet,...
23 Mar, 2018, 10.41 AM IST