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Mygate closes Rs 225 crore deal with Dharana CapitalHousing society management platform Mygate has secured Rs 225 crore in a funding round led by Dharana Capital. The deal, which includes pri...
Where Zepto stands in q-comm; H-1B relief kicks inHappy Wednesday! Zepto's IPO filing reveals where it really stands against Blinkit and Instamart. This and more in today’s ETtech Morning D...
TIME named him world's most influential 3 times, yet most people don't know Chinese titan Tencent's $63 billion boss - who is Ma Huateng?Ma Huateng, also known as Pony Ma, is the influential co-founder, chairman, and CEO of Tencent, a global tech conglomerate. Despite a low p...
Tencent bets on India’s creator economy with Rs 10 crore gaming and animation pushTencent is investing significantly in India's creative industries. The company will fund skill development and training programs for animat...
Tencent revenue and profit miss on higher AI investmentTencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw gro...
China tech giant Tencent sees Q1 profit jump after AI betsTencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan, driven by significant investments in the booming artifici...
China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...
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 ...
Tencent Q1 revenue rises 13% on AI, gaming boostTencent Holdings saw a revenue jump in the first quarter fuelled by gaming and AI advertising. Domestic gaming revenue increased significan...
Tencent signals slow AI monetisation; gaming drives 8% Q3 revenue growthTencent has intensified AI efforts over the past two years, developing services for large-language model training and deployment. It has al...
Tencent Q2 Results: Revenue rises on gaming business recoveryChina's Tencent Holdings reported an 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a la...
Tencent Music beats quarterly revenue estimatesThe audio entertainment platform reported revenue of 6.89 billion yuan ($957.02 million) for the quarter. Analysts on average had expected ...
Tencent turns to ByteDance in gaming showdown with NetEaseTencent released on Friday mobile party game "DreamStar" that it hopes to challenge "Eggy Party", a similar offering from NetEase which has...
Tencent says focus on cost-cutting, core business after first revenue fallThe world's largest video game company and operator of the WeChat messaging platform posted revenue of 554.55 billion yuan ($81 billion) fo...
China's Tencent said it fired more than 100 employees over corruption in 2022The disclosure comes after Tencent's founder Pony Ma in a townhall last month said serious "corruption" issues had been discovered within t...
Tencent reports Q1 profit slump, no growth in revenueTencent's revenue totalled 135.5 billion yuan ($20.08 billion) in the quarter ended March, versus 135.3 billion yuan in the same quarter la...
Tencent posts slowest-ever sales rise; regulation impact set to easeTencent Holdings, which gets much of its revenue from gaming and develops games such as 'Honour of Kings' and 'Call of Duty Mobile', said d...
China steps up pressure on tech with draft online ad rulesInternet advertising must "meet the requirements for the establishment of socialist spiritual civilization and the promotion of excellent t...
Tencent Music says facing increased China scrutiny, is committed to laws"In recent months, we have received increased regulatory scrutiny from relevant authorities, and have been actively co-operating and commun...
Why Tencent could become an advertising powerhouse like FacebookThe seven main business units of China’s largest company are working to synchronise data and study a billion plus users to deliver precisio...